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Consider the demand equation q=20,000 p^(-1.4). if the cost of production is constant at $0.50 per unit then what is the optimal

skelet666 [1.2K]

Consider the demand equation q=20,000 p^(-1.4). if the cost of production is constant at $0.50 per unit $1.75 is the optimal price to maximize profit.

The income maximization system depends on income general sales overall fee. consequently, a firm maximizes earnings while MR = MC, that is the primary order, and the second order depends on the first order. This idea differs from wealth maximization in phrases of length for income earnings and the company's goals.

Calculation,

The demand equation q=20,000 p^(-1.4)

The production constant is $0.50

maximum profit= $1.75

The choicest charge is that charge point at which the total earnings of the seller are maximized. while the rate is just too low the vendor is shifting a big quantity of devices but income is the best possible combination of income. Examples of income maximizations like this encompass: discovering less expensive raw materials than those presently used. discover a provider that gives better charges for inventory purchases. locate product resources with decreased delivery prices. lessen labor expenses.

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4 0

1 year ago

A flatter, more horizontal demand or supply curve ____

STatiana [176]

A. A flatter, more horizontal demand or supply curve is elastic

7 0

1 year ago

Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Con

yarga [219]

Answer:

Ending cash balance is -$41,000.

Explanation:

This can be prepared as follows:

Nathan Herrmann

Cash Flow Statement

for the year ended ...

Details $ $

Net income 69,000

Adjustment to reconcile net income

Depreciation expense 13,000

Loss on sale of land 12,000

(Increase) decrease in current assets

Increase in inventory (35,000)

Increase in prepaid rent (7,500)

Increase in accounts receivable (47,000)

Increase (decrease) in current liabilities:

Increase in accounts payable 15,000

Net cash from operating activities 19,500

Cash flows from investing activities:

Cash received from the sale of land 7,500

Purchase of equipment (229,000)

Net cash flows from Investing activities (221,500)

Cash flows from financing activities: 

Payment of dividends (31,000)

Repayment of notes payable (49,000)

Issuance of common stock 241,000

Net cash from financing activities 161,000

Increase / (Decrease) in cash (41,000)

Beginning cash balance -

Ending cash balance  (41,000) 

7 0

3 years ago

Country Farm Supply applies for a business loan from Farmers Credit Co-Op. Country Farm Supply owes McGregor money under another

Aliun [14]

Answer: must be in writing because it benefits McGregor.

Explanation:

From the question, we are told that Country Farm Supply applies for a business loan from Farmers Credit Co-Op. We are also aware that Country Farm Supply owes McGregor money under another business deal, and that McGregor wants to help Country Farm Supply get the loan so that it will be able to stay in business to pay him back, McGregor promises Farmer's Credit Co-Op that he will repay the loan if Country Farm Supply does not.

Therefore to be enforceable, McGregor's promise must be in writing because it benefits him. The the deal is between Farmer's Credit Co-Op and McGregor, hence, the promise must be in writing because this will make it valid and also applicable for future purpose in case McGregor isn't able to repay the loan he took .

4 0

3 years ago

When people are resistant to a change because of adjustment problems, the most effective way to manage the resistance is through

melomori [17]

Facilitation and support are the most effective way to manage the resistant to a change because of adjustment problem.

People show resistant to a change. The most effective way is to handle the situation through facilitation and support.

A facilitator in any business is an individual that helps a group of people reach a unanimous decision. This involves providing a structure that promotes cooperative decision making. A facilitator never offers solutions and is not a leader instead, their role is to guide the group to explore options and discover solutions. As a result of this participation everyone assumes responsibility and commitment.

Support implies both financial assistance and providing agreement, comfort, protection and friendship all of which create a welcoming open work environment which is both encouraging and motivating.

While the other options are incorrect because:

a. manipulation and cooperation:

Manipulation is not a good practice for any type of workplace relationship as it sows distrust and discomfort.

c. explicit and implicit coercion:

Coercion is the act of forceful involuntary action under any manner of threat. this would simply push the workforce to quit.

d. centralization and micromanagement:

Micromanagement involves excessive supervision and limited task delegation and has a negative connotation as it shows the absence of freedom and confidence in the workforce.

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4 0

1 year ago