Answer:
option (b) 3
Explanation:
Data provided in the question:
AC = 2Q + 3,
MC = 4Q + 3
Here,
Q represents the firm's output in units
and costs are measured in dollars
Market price = $15
Now,
At the condition of profit-maximizing
Market price = MC
or
⇒ $15 = 4Q + 3
or
⇒ $15 - $3 = 4Q
or
⇒ 4Q = $12
or
⇒ Q = 3 units
Hence,
The answer is option (b) 3
Answer:
Correct answer:
A. True
Explanation:
When procurement of goods and services is to be made from another country, it is expected that, it should be open and done in full view showing other competitors. <em>This is to prevent fraud, such as the marking up of the price of goods or outright false declaration of the procurement prices.</em>
Answer:
The worth of the business today is $ 430,109
Explanation:
The worth of the business is calculated as present value of the business using the present value formula for each of the relevant cash flow.
The formula is PV=FV/(1+r)^n
FV is the future cash flows receivable in the relevant years
r is the rate of the discounting factor
n is the relevant time horizon for each relevant cash flow.
The detailed computation of worth of the business is found in the attached spreadsheet,note that the terminal value of the business of $450000 was also discounted using year three discounting factor as the business terminates in year 3
Answer:
If the the single cable TV firm from Sydney now has a new competitor coming into town, what will most likely happen with the price of the service is that it will go down and become more accessible to consumers, as a direct consequence of the generation of competition from market between the companies involved.
The concept of competition plays a central role in economic theory. it is a situation by which different actors (companies or consumers) compete for a share in the same activity, typically the sale or purchase of a product or service. For economic operators, it is often an advantage to have limited competition on their own side of the market and a lot of competition on the opposite side, as it allows for high profits. From the point of view of society, as high a competition as possible is usually an advantage, as it ensures the best possible utilization of society's resources.
