Answer:
The ticket price that maximizes revenue is $18.10
Explanation:
Hi, first we need to construct the revenue equation in terms of the additional dollar charge (that would be X). That is:
So we expand it:
This is a parabola, and we need to find its vertex, which in our case that would be the maximum additional dollar charge in order to obtain the highest revenue possible, to find the vertex, we need to consider that:
And to find the X-coordenate we have to use the following equation.
In our case, A= -65; B= 1,247.5, so, all should look like this:
That means, we need to make 9.6 increments of $1 in order to obtain the max revenue possible, therefore, the price would be
Price = $8.50 + $1(9.6)= $8.50 + $9.6 =$18.10
Best of luck.
<span><span>There
is an advantage if a group of medical doctors will invest to incorporate their
business regardless of the costs involved. In fact, many
individuals choose to incorporate to obtain limited liability. In some cases, they may also receive tax savings by doing so</span>.
(FALSE)</span>
The valuation of the fringe benefit will be 3600.
<h3>How to calculate the benefits?</h3>
The valuation of the fringe benefit will be calculated thus:
= (2 × miles in each direction) × number of weeks × benefit rate
= (2 × 24) × 50 × 1.50
= 48 × 59 × 1.50
= 3600
In conclusion, the valuation of the fringe benefit will be 3600.
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Answer:
Explanation:
America has an absolute advantage in selling everything, a comparative advantage in selling mobile phones, a comparative advantage in selling tablets in Brazil
so we choose D
