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
Nat2105 [25]
3 years ago
7

You are the manager of a gas station in a small town, and your goal is to maximize profits. Based on your experience, the elasti

city of demand of Texans for a car wash is -2, while that of non-Texans is -1.5. Your marginal cost is $6.
a. Are the conditions necessary for price discrimination to be an effective means of enhancing profits being met? Explain.
b. What is the profit-maximizing price to charge a Texan for a car wash?
c. What is the profit-maximizing price to charge a Californian for a car wash?
Business
1 answer:
Levart [38]3 years ago
7 0

<span>a. </span>No. Since the good that I am selling is inelastic considering the elasticity given in and outside Texas, having a lower price than non-Texan gas stations would have less impact on the quantity demanded.

<span>b. </span>The profit-maximizing price to charge a Texan for a car wash would be $12.

<span>c. </span><span>The profit-maximizing price to charge a Californian for a car wash would be $18. </span>

<span>(See attached for the calculations.)</span>

Download docx
You might be interested in
Among the top motivator driving corporation to engage in CSR includes all of the following reasons except
skad [1K]

Answer: meeting or exceeding budget

Explanation:

The options include:

a. Meeting or exceeding budget

b. Ethical considerations

c. Innovation and learning

d. Employee motivation

Corporate social responsibility simply refers to the responsibility of organizations to the society. It is when companies contribute to the goals of the society at large by engaging in charitable deeds or supporting practices that are environmental friendly or ethically viable.

The motivator that drives organizations to engage in corporate social responsibility include ethical consideration, employees motivation, innovation and learning etc.

Therefore, the option that doesn't motivate companies to engage in corporate social responsibility is meeting or exceeding budget.

8 0
2 years ago
To determine if the bank's Web site is secure, look at the web site address.<br><br> True<br> False
lozanna [386]
True. You would need to look at the website address if it shows https s meaning it’s secure.
3 0
2 years ago
What factors determine a company’s total revenue? Do higher prices lead to increased revenues for a company?
rusak2 [61]

Revenue is calculated by the number of goods sold times the price of those goods. It is different from profit, which is revenue minus costs.

Higher prices will likely not lead to increased revenue because as prices rise, demand falls and therefore the number of units sold changes.  

4 0
3 years ago
Read 2 more answers
PLEASE ANSWER SOON!!!!
Gwar [14]
Currency I think.  It's given in exchange for an item.
4 0
3 years ago
Read 2 more answers
Gross pay minus deductions is known as take home pay.<br><br> True<br> False
IceJOKER [234]
Gross pay minus deductions<span>. Also </span>called take-home pay<span>. A special checking account used to </span>pay<span> a company's employees. A manual or computerized schedule prepared for each payroll period listing the earnings, </span>deductions<span>, and net </span>pay<span> for each employee.

Hopes this information helps

</span>
6 0
3 years ago
Other questions:
  • On July​ 7, University Bank lent​ $560,000 to Jazz Music Shop on a 60​ day, 7% note. What is the maturity value of the​ note? (U
    8·1 answer
  • Reyes Company had a gross profit of $720,000, total purchases of $840,000, and an ending inventory of $480,000 in its first year
    12·1 answer
  • Melissa has an old car that is desperately in need of expensive repairs. she is trying to decide whether to spend the $1,500 she
    6·1 answer
  • BEST ANSWER WILL GET BRAINLIST PLZ HELP MEE
    13·1 answer
  • Direct selling is a retail channel where salespeople interact with customers face-to-face. Group of answer choices True False
    14·1 answer
  • The fastener division of Southern Fasteners manufactures zippers and then sells them to customers for $8 per unit. Its variable
    14·1 answer
  • Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the b
    9·2 answers
  • What happens when there are only a few large customers in the market?
    7·1 answer
  • Moon, a farmer, needs to install a two-thousand-pound piece of equipment in his barn. This will require lifting the equipment th
    5·1 answer
  • IMG World’s products and services are geared toward colleges and students, the students of which may be considered young achieve
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!