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GenaCL600 [577]
2 years ago
5

In which of the following situations is a good NOT scarce?

Business
1 answer:
Ganezh [65]2 years ago
7 0
E, if there was enough for everyone if wouldn’t be scarce.
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Mega Media Cable TV is able to purchase an exclusive right to sell a premium sports channel in its market area. Let's assume tha
Montano1993 [528]

Answer:

A) If Mega Media sets the price at $25, 23,000 sports viewers will subscribe to their sports channel. Their profit will = (23,000 x $25) - $100,000 = $575,000 - $100,000 = $475,000

B) If Mega Media sets the price at $150, only 3,000 sports viewers will subscribe to their sports channel. Their profit will = (3,000 x $150) - $100,000 = $450,000 - $100,000 = $350,000

C) Since Mega Media is not able to price discriminate, then it should charge only $25 a year for the subscribing to the sports channel since at that price their profit will be $475,000.

D) If Mega Media could price discriminate, its profit = (20,000 x $25) + (3,000 x $150) - $100,000 = $500,000 + $450,000 - $100,000 = $850,000

6 0
3 years ago
fetzer company declared a $0.55 per share cash dividend. the company has 480,000 shares authorized, 456,000 shares issued, and 1
Svetllana [295]

Debit Retained Earnings $250,800; credit Common Dividends Payable $250,800

<h3>What is a dividend?</h3>

A dividend is the distribution of profits to shareholders by a corporation. When a corporation makes a profit or has a surplus, it has the option of paying a portion of that profit as a dividend to its shareholders. Any money that is left over is taken out and put back into the business.

The total dividend is divided by the number of outstanding shares to determine the dividend per share.

A corporation may choose to disperse a portion of its income in one of four different ways. Your monthly brokerage statement may include information about dividends paid on CASH, STOCK, HYBRID, or PROPERTY investments.

Shares issued= 456,000

Per share cash dividend = $0.55

Dividends Payable = 456,000 x $0.55 = $250,800

Debit Retained Earnings $250,800, credit Common Dividends Payable $250,800

To know more about dividends, visit:

brainly.com/question/29510262

#SPJ1

4 0
1 year ago
The Pita Pit borrowed $198,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest
pantera1 [17]

Answer:

$3,960

Explanation:

The Borrowed amount is $198,000 on November 1, 2021.

The interest expense  at December 31, 2021 is calculated as shown below:

I=PRT

R=12%=0.12

P=$198,000

T=2 Months=(2/12) year

I=198,000*0.12*(2/12)

I=$3960

The correct option will be "B. $3,960."

5 0
2 years ago
Public goods represent a market failure because
JulsSmile [24]
Public goods are available everywhere and are <span>both non-excludable and non-rivalrous</span>
They represent a market failure because <span>by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably. Answer: B
</span>Public goods are nonrival in consumption and their benefits are nonexcludable
7 0
3 years ago
If your economics class were graded on a curve and everyone agrees to study only half as much, everyone would get the same grade
34kurt
STUDY!!!!!!!!!!!!!!!!!!!
6 0
2 years ago
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