Answer:
d. $16.
Explanation:
The computation of the total monthly access fee is shown below:
Given that
p = 5 - 0.5q
Constant Marginal cost = 1
Based on the above information,
As we know that
In case of the two-part pricing, the monopolist is equal to the hourly rate
i.e (p) = MC
5 - 0.5q = 1
0.5q = 4
So, q = 8
And,
p = MC = $1
Moreover,
Total monthly access fees equal the whole consumer surplus
As per the demand function,
when q = 0 and p = $5
So,
Monthly Access fee is
= (0.5) × ($5 - 1) x 8
= 4 × $4
= $16
A joint venture is an attractive way for a company to enter a new industry when a firm is missing some essential skills or capabilities or resources and needs a partner to supply the missing expertise and competencies or fill the resource gaps.
- The joint venture approach to entering a new market is effective when the target company lacks the necessary relationships, resources, and skills to operate well in the new industry.
- Joint venture is a combination of two or more parties that seek the development of a single enterprise or project for profit, sharing the risks associated with its development. The parties to the joint venture must be at least a combination of two natural persons or entities.
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Answer:
This concept is called the opportunity cost.
Explanation:
The opportunity cost of any economic decision is the cost of giving up or sacrificing its alternative. We are aware that resources are limited and have alternative uses. We have to use these resources to satisfy unlimited wants and needs.
If we use resources for one purpose it cannot be used for another. So we have to make a decision on how to spend the resources, on which alternative use. If we select one alternative, we need to give up another. The cost incurred on sacrificing or giving up the other alternative is the opportunity cost of using the resource for the first alternative.
False. Location is pretty important for business. Critical, almost. A business' location determines parking and surrounding utilities that someone could use if they needed. Also, climate and logic are important to think about. For example, if there was a swimsuit business up in the Arctic, they wouldn't get any money or income at all. It wouldn't be logical, and the location would have just damaged their business.
hope this helps:)sorry if it doesnt