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Ainat [17]
3 years ago
7

The Get-There-Safe Bus company incurs an average cost of $45 for each passenger it carries on its trip from Atlanta to Chattanoo

ga. In advance of a particular trip, four seats remain unsold. Assume the marginal cost of an additional passenger is zero. The bus company could increase its profit if it:_______
a. charged any ticket price above $0 for the four remaining seats
b. charged at least $11.25 for each of the four remaining seats
c. charged at least $45 for each of the four remaining seats
d. paid four people to occupy the four remaining seats
Business
1 answer:
algol [13]3 years ago
5 0

Answer:

a. charged any ticket price above $0 for the four remaining seats

Explanation:

Marginal cost refers to the extra expense incurred by a business in producing as an additional unit. For a business to be profitable, its marginal cost should be equal or greater than the marginal revenue.

The Get-There-Safe Bus company has a marginal cost of zero or an additional passenger. It means the cost associated with selling one more passenger ticket is zero.  For the bus company to be profitable, it must sell an extra ticket at a price greater than the marginal cost. Therefore, a price greater than zero will result in profit.

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Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000 shares of $1 par value common sto
nikklg [1K]

Answer:

The appropriate solution is "$130,000".

Explanation:

The given values are:

No. of common shares outstanding

= 50,000

Dividend per share

= $1.80

No. of preferred shares outstanding

= 8,000

Dividend per share

= $5

Now,

The total dividend on common shares will be:

=  No. \ of \ common \ shared \ outstanding\times Dividend \ per \ share

On substituting the values, we get

=  50,000\times  1.80

=  90,000 ($)

The total dividend on preferred stock will be:

=  No. \  of \ preferred \ shares \ outstanding\times Divided \ per \ share

On substituting the values, we get

=  8,000\times 5

=  40,000 ($)

Hence,

The total dividend paid by company will be:

=  Total \ dividend \ on \ common \ shares +Total \ dividend  \ on \  preferred \ stock

=  90,000+40,000

=  130,000 ($)

Thus the above is the correct answer.

4 0
3 years ago
First,label the following scenarios as to whether they would create a producer or consumer surplus. Then, after you have labeled
Iteru [2.4K]
Alice is willing to spend $30 on a pair of jeans, and has a coupon for $10 off she found online. She selects and purchases a $35 pair of jeans, pre-discount. 
(Alice's consumer surplus, $5)

<span>Jeff finds some steaks for $16 for which he would have been willing to pay $20. The butcher notices the meat is near the expiration date and gives him an extra 75% off. </span>
(Jeff's consumer surplus, $16)

<span>Nicole has in her possession a hockey puck from the 2010 Winter Olympic Games and sells it on eBay. She will only sell the puck if the winning bid is greater than or equal to $500. After bidding closes, the last bid stands at $500. </span>
(Nicole's producer surplus, $0)

<span>Claire is trying to sell her used calculus textbook online. She asks for $150 or best offer and is willing to sell for anything over $100. She is able to sell it for $125. </span>
(Claire's producer surplus, $25)


<span>Roy is willing to pay $2.50 for a sports drink. He notices the price is $2.79 and chooses not to purchase a sports drink. (Roy's consumer surplus, $0)</span>
8 0
3 years ago
Governments often implement price ceilings to protect consumers from the high prices of essential goods and services that freque
algol13

Price ceiling are measure employed by government to help the consumers by mandating a maximum price that the seller must charge for a product or service.

  • The measure of imposing price in market are rare but are notably used during natural disasters.

  • Price ceiling helps to prevent the producers from exploiting the consumers.

In conclusion, the major disadvantage of price ceiling is that when a price ceiling is set below the equilibrium price, the quantity demanded will exceed quantity supplied, thus, this will result to excess demand of goods and shortage in the market.

Learn more about Price ceiling here

<em>brainly.com/question/8868002</em>

7 0
3 years ago
From march 1 to december 1 is how many months?
Ganezh [65]
The span of time is 9 months.
4 0
3 years ago
Clifford Witter was a dance instructor at the Arthur Murray Dance Studios in Cleveland. As a condition of employment, he signed
WINSTONCH [101]

Answer:

What would be the result? What additional information, if any, would you need to know to decide the case?

To determine who would win this case, we need to know two things:

  1. The non-compete agreement was supposed to last how many years, e.g. 1 or 2 years, maybe 3?
  2. When did Clifford Witter stopped working for Arthur Murray Dance Studios and when did he started to work for Fred Astaire Dancing Studios?

Most states consider non-compete agreements valid only if they last up to 2 or 3 years at most (which is considered a reasonable time). If Clifford started to work at Fred Astaire before the non-compete clause was over (assuming it lasted a reasonable time) then Arthur Murray would win. But if Clifford started to work at Fred Astaire after the non-compete clause was over, then there is nothing Arthur Murray can do to win the case.

4 0
3 years ago
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