Answer:
$6.00
Explanation:
Given data
quantity demanded ( x ) ∝ 1 / p^3 for p > 1
when p = $10/unit , x = 64
initial cost = $140, cost per unit = $4
<u>Determine the price that will yield a maximum profit </u>
x = k/p^3 ----- ( 1 ). when x = 64 , p = $10 , k = constant
64 = k/10^3
k = 64 * ( 10^3 )
= 64000
back to equation 1
x = 64000 / p^3
∴ p = 40 / ∛x
next calculate the value of revenue generated
Revenue(Rx) = P(price ) * x ( quantity )
= 40 / ∛x * x = 40 x^2/3
next calculate Total cost of product
C(x) = 140 + 4x
Maximum Profit generated = R(x) - C(x) = 0
= 40x^2/3 - 140 + 4x = 0
= 40(2/3) x^(2/3 -1) - 0 - 4 = 0
∴ ∛x = 20/3 ∴ x = (20/3 ) ^3 = 296
profit is maximum at x(quantity demanded ) = 296 units
hence the price that will yield a maximum profit
P = 40 / ∛x
= ( 40 / (20/3) ) = $6
Answer:
From the historical references, we can say that the two leading command economies of the world, China and the Soviet Union both made the transition to the mixed economy.
Explanation:
A command economy refers to the economic system where all significant facets of the economy and economic production are controlled by the Government. In the command economy, it is the government that makes the decision of what to produce, how to produce, and how to distribute the manufactured products and services within the economy. It establishes a very dominant government which restricts the rights of its citizen to seek economic goals. It inevitably creates an environment in which governments will expand their influence over certain aspects of human life. Most command economies, including the Soviet Union, started making the transition to a mixed economy from the 1980s onward. This entailed a privatization process and price deregulation.
Answer:
Nova City is a prime location in Islamabad
Explanation:
It is a few kilometers away from the New Islamabad International Airport. It is right next to CPEC Ring Road Interchange and is at the center of twin cities.
The project is not yet launched, but the development of the infrastructure has started that will attract the investors towards the project.
If a psychologist studying aggressive tendencies in people develops a rating scale inventory to measure aggression, the psychologist is using scores on the inventory as a(n) B) variable.
Psychologists can assist human beings discover ways to deal with annoying situations, conquer addictions, manipulate their continual ailments, and tests and checks.
A psychologist is an expert who practices psychology and research mental states, perceptual, cognitive, emotional, and social techniques and behavior. Their paintings frequently involve the experimentation, statement, and interpretation of the way individuals relate to each other and to their environments.
Learn more about psychologists here:-brainly.com/question/12011520
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Disclaimer: your question is incomplete, please see below for the complete question.
A) abstract concept.
B) variable.
C) descriptive statistic.
D) invariable construct.
Answer:
The correct answer is letter "E": enter the market more quickly.
Explanation:
An acquisition is the purchase of a company or a division of a company. Some acquisitions are paid out in cash, while others are paid out with a combination of cash and the acquiring company's stock. Some are even financed by debt, which is called a leveraged buyout.
<em>Acquisitions are often carried out by another company in a similar line of business that wants to use the purchased business to improve its own operations and to enter a certain market more quickly.</em>