Answer:
Command
Explanation:
In the command economic model, the government determines the level of economic productions in the country. It decides what will be produced, its quantity, and the cost price. A central authority or the government owns all the factors of production.
The command economy is also the planned economy. The government plans and produces all goods and services. The private sector is not present in the command economy.
Answer:
A. That's the point where total revenue is maximized
Explanation:
Demand Curve is a downward sloping curve representing inverse relationship between price & quantity demanded.
Elasticity of Demand is the responsiveness of quantity demanded to price change. It can be measured geometrically on a demand curve point by :
Demand curve segment below the point / Demand curve segment above the point.
This way the elasticity keeps on decreasing as we move downwards on the demand curve [Ed=∞ to Ed >1 to Ed = 1 to Ed < 1 to Ed = 0] i.e [from perfectly elastic to elastic to unitary elastic to inelastic to perfectly inelastic demand].
If Demand is Elastic [Ed >1] : There is negative relationship between price and Total Revenue. This point is on the upper segment of demand curve as per geometric method, P- TR negative relationship implies that TR can be increased by decreasing Price.
If Demand is Inelastic [Ed <1] : There is positive relationship between price &total revenue. This point is on the lower segment of demand curve as per geometric method, P-TR positive relationship implies that TR can be increased by increasing price.
So: The best Total Revenue Maximising point is on the middle of demand curve where demand is unitary elastic [Ed=1] - as any other deviation from this point would create an incentive to change price to generate higher revenue.
The fact that Sawyer Components have seen opportunities in China and want to expand there reflects<u> global vision. </u>
<h3>What is global vision?</h3>
This refers to the ability of a company to see beyond factors affecting it from its native country.
It involves seeing opportunities, threats, and weaknesses in the global market, and then acting to take advantage of them like Sawyer Components wants to.
Find out more on the importance of vision at brainly.com/question/4436066.
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Total capital = 10 + 8 + 2 = 20 Million
Weight of bonds (Wd) = 10/20 = 0.5
Weight of preferred stock(Wp) = 2/20 = 0.1
Weight of stock equity(We) = 8/20 = 0.4
Cost of debt = YTM of the bonds issued (We assume its annual coupon)
YTM =rate(nper,pmt,pv,fv) in excel =rate(20,60,-950,1000) = 6.4521%
Cost of debt after tax(Rd) = 6.4521*(1-0.34) = 4.2584%
Cost of preferred shares (Rp) = Preferred dividend/ price = 2.5/25 = 0.10 =10%
Cost of equity (Re) = Rf + beta*(Rm-Rf) = 3.5 + 1.2*(13-3.5) =14.9%
WACC = Wd*Rd + Wp*Rp + We& Re
WACC = 0.5*4.2584% +0.1*10% + 0.4*14.9% = 9.089 = 9.09%
