Answer:
The 10,000 units of output that will be supplied by the two firms to the market.
Profit that each firm would earn will be higher than previous.
Explanation:
The firm selling 4,000 units at the price of $10 per unit. If the output is increased to 6,000 units the price will increase to $11 per unit. If the new 6,000 units are produced along with the previous 4,000 units then the total output supplied by the two firms will be 10,000 units (6,000 + 4,000). The supply of goods in the market will increase so price will fall and the revenue for the firms will decline but they can benefit with sales volume and their profit can increase.
Answer:
15.6%
Explanation:
Investment = $3200
Net savings = $500
Investment returns in % = Net savings/Investment × 100
= 500/3200 × 100
= 0.15625 × 100
= 15.6%
Answer:
True
Explanation:
Firstly, we need to understand what a regression model is?
A regression model is a mathematical tool that is used to show the extent of agreement between the dependent and the independent. To show the extent of this agreement, it tends to take into consideration several independent variable that affect the dependent variable.
The regression model can be based on one independent variable or several independent variables. When based on one independent variable, this is a simple linear regression model. If it is a case where we are considering more than one independent variable, it is a multiple regression model.
Now a very good regression model will take into account the fewest number of dependent Batman
Answer: C.73
Explanation:
It is stated that 1,500 less motor homes will be sold once Winnebagel Corp. introduces it's new Portable Camper.
However it also states that 500 out of this 1,500 will be lost regardless of if the Portable Camper is introduced or not.
So that means that the actual erosion effect on the sale of motor homes is,
= 1,500 - 500
= 1,000 mobile homes.
Since each home is sold for $73,000 then the Erosion effect will be,
= 73,000 * 1,000
= $73,000,000
$73 million is the erosion effect on the sale of motor homes by introducing the new portable camper so Option C is correct.
