1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ArbitrLikvidat [17]
3 years ago
7

Your college is considering renting space in the student union to one or two commercial textbook stores. The rent the college ca

n charge per square foot of space depends on the profit​ (before rent) of the firms and hence on whether there is a monopoly or a duopoly. Which number of stores is better for the college in terms of​ rent? Which is better for​ students? ​ Why?
Business
1 answer:
poizon [28]3 years ago
5 0

Answer and explanation:

In both cases, in terms of rent and terms of students benefits, it will be better for the college to have two stores, In that way, the college makes sure the profits will be higher than just by having one store on campus and students are benefited because of the variety of books they could find in the two stores, not just in one.

You might be interested in
The new product development process has seven stages going from new product strategy development to commercialization. At which
sleet_krkn [62]

Answer:

Screening and evaluation

Explanation:

The seven steps in the new product development process are:

  1. New-product strategy development
  2. Idea Generation
  3. Screening and evaluation : at this stage, ideas are filtered and funneled and you must separate only those truly worth pursuing.
  4. Business analysis
  5. Technical Development
  6. Market Testing
  7. Commercialization

8 0
3 years ago
Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours
Gnoma [55]

Answer:

1. The fixed portion of the predetermined overhead rate for the year is $10,000 per direct labor hour.

2. The fixed overhead budget variance is $4,000 unfavourable and the fixed overhead volume variance is $10,000 favourable.

Explanation:

In order to calculate the the fixed portion of the predetermined overhead rate for the year we would have to use the following formula:

predetermined overhead rate for the year=<u>Total fixed overhead cost year</u>

                                                                          Budgeted direct labor-hours

                                                                     =$ 250,000/25,000

                                                                      =$10,000

1. The fixed portion of the predetermined overhead rate for the year is $10,000 per direct labor hour.

In order to calculate the fixed overhead budget variance, we use the following formula:

2. fixed overhead budget variance=Actual fixed overhead cost for the year- budgeted fixed overhead cost for the year

                                                     =$ 254,000-$ 250,000

                                                     =$4,000 unfavourable

In order to calculate the fixed overhead volume variance, we use the following formula:

fixed overhead volume variance=budgeted fixed overhead cost for the year-fixed overhead appliead to work in process

                                                     =$ 250,000-(26,000×10)

                                                     =$10,000 favourable

5 0
3 years ago
fsa what percentage of your gross salary does the consumer financial protection bureau suggest your student loan payment be in o
grandymaker [24]

To maintain a low student loan repayment burden, the Consumer Financial Protection Bureau suggests student loan payments should not exceed 8% of your gross salary. A student loan is a form of loan that is intended to assist the students in paying for post-secondary education and associated fees such as tuition, books and supplies, and living expenses.

It may differ from the other forms of loans in that the interest rate is significantly lower and the re- payment plan is deferred while the student is still enrolled in the school. Many countries also have strong laws governing the  renegotiating and bankruptcy.

To learn more about loans, click here.

brainly.com/question/11794123

#SPJ4

3 0
1 year ago
How often should you typically monitor your checking account?
Gekata [30.6K]
As often as possible.
7 0
3 years ago
A single-price monopoly can sell 2 units for $8.50 per unit. in order to sell 3 units, the price must be $8.00 per unit. the mar
MAVERICK [17]
Marginal revenue is the ratio that is calculated in order to account for the change in overall income that results from selling one additional unit. This term is usually considered a microeconomic term but has many managerial accounting applications. 

The formula to be used is,
             Marginal revenue = (change in total revenues)/(change in quantity sold)

Revenue for 2 units sold:   R = (2 units)($8.50/unit) = $17
Revenue for 3 units sold:    R = (3 units)($8.00/unit) = $24
   
Change in Total Revenue = $24 - $17 = $7

Marginal Revenue = ($7) / (3 - 2) = $7/1

<em>ANSWER: Marginal Revenue: $7/unit</em>
8 0
3 years ago
Other questions:
  • Lenders are prohibited from
    9·1 answer
  • How is the value of a product determined?
    7·2 answers
  • In a private company’s accounting system, inputs are _______________ and outputs are _________.
    11·1 answer
  • A disadvantage of corporations is that corporation stockholders are more exposed to personal liabilities in the event of bankrup
    11·1 answer
  • Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $430,000 and an average tax rate of 34%. S
    8·1 answer
  • Which of the following statements about gross domestic product are true? I. Gross domestic product is best described as the full
    10·1 answer
  • he following materials standards have been established for a particular product: Standard quantity per unit of output 5.0 meters
    9·1 answer
  • Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we woul
    9·1 answer
  • Suppose that a week after Vollmer gave Lang the funds, she sent him an e-mail containing the terms of their loan agreement with
    12·1 answer
  • rohanna, a supervisor, is meeting with an employee whose performance has deteriorated since the previous year. the employee used
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!