Gathering feedback to ensure that the plan is being followed is referred to as

The monthly demand q for a monopolist firm's product in a certain market (measured in 1000s of units) is related to the price pe

Gnesinka [82]

Answer: (b) -3.08

Explanation:

The relationship between the demand(q), price per unit product(p) and the disposable income,yd is given by the expression below;

q= 20ln(7yd-2p).

From the expression above, the marginal demand,

∂ q/∂ p is the differential of the equation of relationship between the demand, price and disposable income.

This involves considering the demand,q as the dependent variable and the price per unit product,p as the independent variable and the disposable income,yd is considered constant.

Therefore ,

∂ q/∂ p= (-40)÷(7yd-2p)

By substitution of

yd =$3000÷1000= $3

and p= $4

∂ q/∂ p= (-40)÷((7×$3)-(2×$4))

∂ q/∂ p= -40÷13= 3.08

Please see the attachment for knowledge on how ∂ q/∂ p was obtained.

7 0

2 years ago

Texas Oil Company (TOC) paid $3,000,000 for an oil reserve estimated to hold 50,000 barrels of oil. Oil production is expected t

IrinaK [193]

Answer: Please see answer below

Explanation:

<u>Oil Reserve </u>$3,000,000 for year 1, 2, 3

<u> Accumulated Depletion </u>

Year 1 = $3,000,000/50,000 X 10,000= $600,000

Year 2 = 3,000,000/50,000 X 30,000+600,000=$2,400,000

Year 3 =3,000,000/50,000 X 10,000+ 2,400,000= $3,000,000

<u>Oil Reserve</u>

Year 1 =$3000000- $600,000=$2,400,000

Year 2, $3,000,000- $2,400,000=$600,000

Year 3= $3,000,000 -$3, 000,000=$0

<u>Net Oil Inventory</u>

Year 1= $600,000

Year 2 $2,400,000

Year 3= $3,000,000

Year 1 Year 2 Year 3

Oil Reserve $3,000,000 $3,000,000 $3,000,000

Accumulated Depletion $600,000 $2,400,000 $3,000,000

Oil Reserve, $2,400,000 $600,000 $0

Net Oil Inventory $600,000 $2,400,000 $3,000,000

4 0

3 years ago

Mattel, the maker of barbie dolls, frequently shows television ads aimed at children on saturday mornings, when many children ar

qaws [65]

This most likely depicts an ethical problem because children may be deceived about what Barbie can do.

As some of these ads mix cartoon-type animation and “real” shots of the dolls, children may think that their Barbies can do specific types of actions based from the advertisement. This would also most likely lead to broken Barbies because children may copy the things that they saw in the ads. This is somewhat a form of false advertising.

3 0

2 years ago

The selling price per unit less the variable cost per unit is the ________.

OlgaM077 [116]

The selling price per unit less the variable cost per unit is the contribution margin per unit.

<h3>What is the contribution margin per unit.?</h3>

This is the term that is used to refer to the selling price that was used for the sale of a particular good minus the variable cost that was employed in the production of that particular good. It is the contribution that is made towards the payment of the fixed costs.

Hence we can say that The selling price per unit less the variable cost per unit is the contribution margin per unit.

Read more on contribution margin per unit here: brainly.com/question/13528647

#SPJ1

6 0

1 year ago

The burndown chart is a Scrum created artifact that provides a list of features prioritized by business value. True False

sp2606 [1]

Answer:

False

Explanation:

The burndown chart is a visual analysis tool used in projects execution to express the work completed daily against the outstanding purposely to ensure that project are completed and delivered with the agreed timeline.

It measures effort in relation to the level of work done and also keep the team on daily schedule.

The chart represents the work done on the vertical (Y) axis and the time on the horizontal (X) axis.

7 0

3 years ago