The price that the company would charge to maximize profits is $20 per concert ticket. To determine the price that the company would charge to maximize profits, we need to find the quantity at which marginal revenue equals marginal cost.
First, we can find the equation for marginal cost (MC) since we know the total cost (TC) and the quantity (Q) at which it is maximized:
MC = TC / Q
MC = 100 / Q
Next, we can set the marginal revenue equation equal to the marginal cost equation and solve for Q:
MR = MC
30 - 2Q = 100 / Q
30Q - 2Q^2 = 100
2Q^2 - 30Q + 100 = 0
Using the quadratic formula, we find that Q = 5 and Q = 10. We can disregard the Q = 5 solution since it gives a negative marginal revenue, which is not possible.
So, the quantity at which the company should produce is Q = 10. To find the price, we can substitute this quantity into the demand equation:
P = 30 - Q
P = 30 - 10
P = 20
Therefore, the price that the company would charge to maximize profits is $20 per concert ticket.
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The monopolist would charge a price of $20 to maximize profits.
To determine the price that a monopolist would charge to maximize profits, we need to find the quantity at which marginal revenue (MR) equals marginal cost (MC). In this case:
Demand: P = 30 - Q
Marginal Revenue: MR = 30 - 2Q
Marginal Cost: MC = 10
Setting MR equal to MC:
30 - 2Q = 10
2Q = 20
Q = 10
Substituting the quantity (Q) back into the demand equation to find the price (P):
P = 30 - Q
P = 30 - 10
P = 20.
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gen x managers are very able to provide employees with ....... balance because they want more of it themselves.
Gen x managers are very able to provide employees with a healthy work-life balance because they want more of it themselves.
They understand the importance of maintaining equilibrium between professional responsibilities and personal pursuits, which leads them to create a supportive and flexible work environment. By offering options such as remote work, flexible hours, and respecting employees' personal time, Gen X managers cater to individual needs and promote employee well-being.
This approach not only boosts employee satisfaction and engagement but also enhances overall productivity. Consequently, the work-life balance provided by Gen X managers is beneficial for both employees and the organization.
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if bursia exports $35 billion in services to karazakistan, and imports $40 billion of services from karazakistan, what is the services trade balance for bursia?
The services trade balance for Bursia is -$5 billion (a deficit of $5 billion).
To calculate the services trade balance between Bursia and Karazakistan, you need to subtract the value of imports from the value of exports. In this case, Bursia exports $35 billion in services to Karazakistan and imports $40 billion in services from Karazakistan.
Step-by-step explanation:
1. Identify the value of exports: $35 billion
2. Identify the value of imports: $40 billion
3. Calculate the trade balance: Exports - Imports = Trade Balance
4. Substitute the values: $35 billion - $40 billion = -$5 billion
Interpret the result:
The negative sign indicates that Bursia has a services trade deficit of $5 billion with Karazakistan. This means that Bursia is spending more on importing services from Karazakistan than it is earning from exporting services to Karazakistan. Bursia's trade deficit may have a negative impact on its overall balance of payments, as it represents a net outflow of funds from the country. It may also have implications for the competitiveness of Bursia's services sector and its ability to create jobs and generate economic growth.
The result is -$5 billion, indicating that Bursia has a services trade deficit of $5 billion with Karazakistan. This means that Bursia is spending more on importing services from Karazakistan than it is earning from exporting services to Karazakistan.
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Select the four factors required for marketing to occur.
a. a desire to turn a need into a want
b. a way for the parties to communicate
c. two or more parties with unsatisfied needs
d. something for the parties to exchange
e. a desire for the parties to have their needs satisfied
f. a universal form of payment
The four factors necessary for marketing to occur are a desire to turn a need into a want, a way for the parties to communicate, two or more parties with unsatisfied needs, and something for the parties to exchange.
Marketing planIt is a document where the marketing objectives that will make a company well positioned in the market are described. It must be aligned with the company's objectives and the needs of the target audience.
Therefore, the marketing objectives correspond primarily to creating value for the consumer, through the satisfaction of their needs and desires and a focused communication that generates engagement and relationship.
The correct answer is:
a. a desire to turn a need into a want
b. a way for the parties to communicate
c. two or more parties with unsatisfied needs
d. something for the parties to exchange
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Agency law is similar to contract law in that both an agency and a contract may be terminated by the parties or by operation of law.
a. True
b. False
One or more parties may terminate an agency relationship by placing into the agreement a time period for termination. When that time _______ , the agency ends. In addition, the parties can specify that the agency is for a particular ________ . Once that is achieved, the agency ends. Alternatively, the parties can include a specific event as a trigger for termination; once that event _______, the agency ends. The parties can terminate an agency relationship prior to any of the preceding events by ______ agreement, or revocation by ______ individual party.
Answer:
1. True.
2. Expires; purpose; occurs; mutual; either.
Explanation:
An agency can be defined as a mutual relationship existing between two parties, wherein a principal authorizes the agent to act as the principal's representative or on his behalf (fiduciary role) in dealing with third parties.
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.
The parties entering into a contractual agreement are obligated to terminate an agency relationship by placing into the agreement a time period specifying the termination. Thus, when that time elapses or expires, the agency between the parties involved ends. Furthermore, the parties involved may specify the particular purpose for which the agency is established. Once that purpose is achieved, the agency ends.
does specific seasons/times of the year (christmas, black friday, etc.) have an impact on the stock market?
Stock prices often rise over the final two trading days of the year, which come immediately after Christmas, and the first two trading days of January, according to the Santa Claus bounce, a phenomenon associated with the calendar.
What is a stock market?A stock market, often referred to as an equity market or share market, is a community of individuals who trade stocks, usually referred to as shares, which represent ownership stakes in corporations.
A public stock exchange may list these securities or they may only be traded privately.
Examples of such securities include shares of private enterprises that are made available to investors through equity crowdfunding platforms.
There is typically a strategy in place when making an investment.
The Santa Claus bounce, a calendar phenomenon, says that stock prices typically increase throughout the final two trading days of the year, which come right after Christmas, and the first two trading days of January.
Therefore, stock prices often rise over the final two trading days of the year, which come immediately after Christmas, and the first two trading days of January, according to the Santa Claus bounce, a phenomenon associated with the calendar.
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alex bought a chain of salons and spas. he invested his wealth and time to enhance the salons with full-service bars, child care for employees and guests, and premium furniture. since other salons and spas in the area are not offering these types of amenities, he expects this innovation will result in a profit. alex is a(n)
Alex is an entrepreneur. He has identified a gap in the market for salons and spas that offer full-service bars, child care, and premium furniture and has taken the initiative to invest his wealth.
It also offers the time to fill that gap by purchasing a chain of salons and spas and enhancing them with these amenities. By doing so, he is positioning himself to be competitive in the market and to potentially generate a profit. Entrepreneurs are individuals who identify opportunities and take the risk to start or invest in a business in order to meet a need or solve a problem. This can involve introducing new products or services, improving existing ones, or finding new ways to reach customers. Alex's actions demonstrate his entrepreneurial mindset and willingness to take risks in order to achieve his business goals.
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What is one way a company can work to build relationships with it's customers?
A. A company can call all of its customers once a week to check in and see how their lives are going.
B. A company can plant to have a large sale once a year as a "thank you" to its customers.
C. A company can send a generic form letter to its customers to offer them a coupon
D. A company can send a personalized email to its customer when letting them know about a sale.
Answer:
D. A company can send a personalized email to its customer when letting them know about a sale.
Explanation:
Hope this helps!!
A company can work to build relationships with it's customers is that a company can send a personalized email to its customer when letting them know about a sale. Its comes under the relationship marketing. The correct option is (D).
What is relationship marketing?Relationship marketing is a component of customer relationship management (CRM) that prioritizes long-term involvement and client loyalty over short-term objectives like customer acquisition and individual sales.
The more conventional transactional marketing plan, which is centered on boosting the volume of individual sales, contrasts with relationship marketing.
The capacity of relationship marketing to maintain close contact with clients is crucial.
Therefore, a company can work to build relationships with it's customers is that a company can send a personalized email to its customer when letting them know about a sale.
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Which is a good rule to follow when sending business emails? (1 point)
Answer:
Avoid forwarding spam and unnecessary messages such as chain letters.
Explanation: did the test
The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.
What is email?An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.
It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.
When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.
Therefore, the use of formal languages and proper formats made the emails more accurate.
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Will mark Brainliest
Type the correct answer in the box. Spell all words correctly.
Which activity involved in the distribution function of a business concerns the supply of products from the manufacturer to the retailer?
(________________) is a crucial part of distribution since it is concerned with ensuring that the product(s) reaches the retailer or distributor.
Answer: Distribution Activities means the following activities to be performed by Seller or its Affiliates during the Distribution Period pursuant to the provisions of Section 4.6: (i) the receipt and processing of purchase orders for the Products; (ii) providing warehousing services for the Products; (iii) shipping of ...
Explanation:
Answer: Supply chain management
Explanation:
Average annual net income divided by original investment amount equals: A. present value B. rate of return C. budget variance
(B). Average annual net income divided by original investment amount equals rate of return.
Rate of return is a measure of the profitability of an investment. It is calculated by dividing the average annual net income by the original investment amount.
For example, if an investment of \$1,000 generates an average annual net income of \$100, then the rate of return is 10%.
Rate of return is a useful tool for comparing the profitability of different investments. It can also be used to evaluate the performance of an investment over time.
However, it is important to note that rate of return is only one measure of profitability. Other factors, such as risk, should also be considered when making investment decisions.
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Wanna win 10$ on cashapp??
Answer:
How can you do this?
Explanation:
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
5. The role of government in a market system
a. does not exist
b. is restricted to establishing property rights
C. includes improving situations that would otherwise result in a market failure
d. includes improving on situations that would otherwise result in a government failure
Riku Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales price $ 68 $ 94 Variable cost per unit (38 ) (44 ) Contribution margin per unit $ 30 $ 50 Riku expects to incur annual fixed costs of $540,000. The relative sales mix of the products is 70 percent for Super and 30 percent for Supreme. Required Determine the total number of products (units of Super and Supreme combined) Riku must sell to break even. How many units each of Super and Supreme must Riku sell to break even?
Answer:
Super= 10,500
Supreme= 4,500
Explanation:
Giving the following information:
Spuer:
Contribution margin= $30
Sales proportion= 0.70
Supreme:
Contribution margin= $50
Sales proportion= 0.30
Fixed costs= $540,000
First, we need to calculate the break-even point in units for the whole company:
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 540,000 / (0.7*30 + 0.3*50)
Break-even point (units)= 15,000 units
Now, for each product:
Super= 15,000*0.7= 10,500
Supreme= 15,000*0.3= 4,500
Odell and Stephany created economic models to examine the impact of a new tax policy on the economy. When they created their respective economic models, they used different assumptions to simplify the economy. Odell and Stephany will likely:
Odell and Stephany are likely to give conflicting advice to policy makers.
What is an economic model?These are the models that are used to describe reality based on the economic behaviors that have been tested.
The question here says that the both of them used different assumptions in the analysis that they did.
This may cause them to give conflicting advices because they would give the advices based on the assumptions that they have.
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S.
Economics
Explain the term "Budget"
who is the CEO of Amazon
Risk can be thought of as the possibility of incurring??
Answer:
Risk can be thought of as the possibility of incurring a loss.
Explanation:
Loss.
Now suppose firm x undertakes a process innovation that reduces its marginal cost of production from $20 to $15. the fixed cost of undertaking this process innovation is f > 0. is this a tough commitment or a soft commitment? why? for what values of f would it makes sense for firm x to make this commitment?
Answer:
(A). It is a tough commitment.
(B). when the value of f is less or equal to 198.
Explanation:
So, we are given from the question above that;
=> there is reduction in the marginal cost of production from $20 to $15.
=> Also, the fixed cost of undertaking this process innovation is f > 0.
Recall that the demand functions is given as;
Qx = 80 – 2Px + Py. ------------------(**).
Qy = 80 – 2Py + Px a).---------------------(***).
Hence, if we Differentiate πx with respect to Ax we will have that;
(Px - 15) × (-2) + ( 80 - 2Px + Py) = 0. ----------------------------------------------------------(1).
=> 110 + Py = 4 × Px.
Solving for Py and Px using the Bertrand equilibrium gives;
Px = 37.3 and Py = 39.3.
If we slot in the values of Py and Px above into the demand function in equation (**) and (***) we will have;
Qx = 44.7 and Qy = 38.7.
Before innovation = (40 - 20) × 40. = 800
Then, (39.3 - 20) × 38.7 = 747.3 is the after innovation.
(37.3 - 15) × 44.7 - f.
=> 997.5 - f (after innovation).
The values of f would it makes sense for firm x to make this commitment when;
after innovation > before innovation.
997.5 - f > 800.
=>f is less or equal to 198.
multiple choice-- economics
A visit to your doctor's office might reveal another, or several, doctors maintaining separate practices in the same building. These doctors may have combined their efforts to form what kind of business?
Corporation
Partnership
Franchise
Sole proprietorship
Answer:
Partnership
Explanation:
A partnership can be defined as a type of business ownership in which two or more individuals come together to start up a business and share the profits made together.
There are two (2) main classes of partnerships and these includes;
1. General partner: it is a type of partnership in which two or more people come together and have an agreement to do business by sharing profits, assets, debts or financial and legal liabilities.
2. Limited partner: it is a type of partnership in which people come together and have an agreement to do business but the involved partners only contribute financially and solely responsible to the amount of money they invested.
In this scenario, there are several doctors maintaining separate practices such as dentistry, paediatric, gynaecology, etc., in the same building.
Thus, these doctors may have combined their efforts to form a partnership business because they all share in the successful operation of the business and assume liability for any business debt owed.
This is all apart of one question I promise. This is for a Marketing Class. Answer each separately please.
Describe some ways in which Zappos uses digital media tools. How does Zappos encourage word-of-mouth marketing through digital media? How does Zappos use digital media to create an authentic relationship with consumers?
Zappos, an online retailer known for its customer-centric approach, effectively utilizes various digital media tools to enhance its marketing efforts.
Zappos is an online retailer that has become synonymous with exceptional customer service and a customer-centric approach. Founded in 1999, Zappos has built a reputation for providing a wide range of products, with a particular focus on footwear and apparel. However, what truly sets Zappos apart is its commitment to creating an exceptional customer experience. From its hassle-free return policy to its 24/7 customer service, Zappos goes above and beyond to ensure customer satisfaction.
The company's success can be attributed to its core values of delivering happiness, fostering a positive company culture, and embracing innovation. Zappos has become a prime example of how a strong customer focus can lead to long-term success in the online retail industry.
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A practical approach that is frequently used by managers when setting a normal selling price is the ______
This combined process is called the market-related cost approach and is primarily used when valuing residential property The Valuation Process.
What is Valuation Process?Analysts use valuation to determine the current or expected value of a stock, company, or asset. The goal of valuation is to appraise a security and compare its calculated worth to the current market price in order to identify promising investment possibilities.
The appraisal procedure starts when an appraiser finds the appraisal problem and finishes when they present their findings to you. Estimating market value is the most common appraisal assignment.
A valuation is used to assess the efficacy of your strategic decision-making process and to provide the opportunity to track performance in terms of expected change in value rather than just revenue.
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What was the original name of the restaurant chain now known as boston market? boston ham.
The original name of the restaurant chain now known as Boston market was Boston Chicken.
Boston Market, formerly known as Boston Chicken was set up in 1984 in Newton, Massachusetts in order to supply rotisserie chicken. The rotisserie chicken was a specialty of Boston Chicken.
The Boston market was referred to by the name of Boston Chicken till 1995. After this year, Boston chicken expanded its product list by including different varieties such as sandwiches, turkey etc. It then changed its name to the Boston market due to the expanded range of products.
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zippy doo dah corporation had revenues of $60,815, expenses of $28,878, and dividends of $1,399. when income summary is closed to retained earnings, the amount of the debit or credit to retained earnings is
The Zippy Doo Dah Corporation reported $56,769 in revenue, $28,394 in costs, and $1,682 in dividends. The amount of the deduction or credit to Retained Earnings when Income Summary is closed is $31,937.
Retained earnings: what are they?Retained earnings are the total net earnings or profits of a corporation after dividend payments have been deducted. Retained refers to a key accounting concept that indicates how earnings were held by the company rather than paid out as dividends to shareholders.
As a result, retained earnings decrease in the event of a loss or dividend payment and increase in the event of fresh profits.
To answer the query:
Net income = Revenues - Expenses
Net income = $60,815 - $28,878
Net income = $31,937
Particulars Debit Credit
Income summary $31,937 -
Retained earnings - $31,937
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Emilee is the head of a large veterinary hospital. She takes care of many duties to keep the hospital up and running. That is why Emilee has put Alonzo in charge of Human Resources. What types of duties might Alonzo have in this position? Does allowing Alonzo to handle things like hiring new vet techs or filing the employee health insurance forms mean that Emilee does not care about the hospital? Explain how Alonzo’s position benefits Emilee in her job.
Answer:
The Human Resources (or ‘HR’) Management pathway focuses on the staff of a company. They work on planning, recruiting, hiring, training, safety, and overall employee development
Emilee have to worry about doing anything reltaed to that because she hired alonzo
The company's employees are the main focus of the Human Resources Management pathway. They are engaged in planning, hiring, training, ensuring staff safety, and general employee development. Because Emilee employed Alonzo, she must worry about taking any action related to that.
What is Human Resources Management?The effective and efficient administration of people inside a company or organization in such a way as to give their firm a competitive advantage is known as human resource management. It is made to maximize worker performance in support of a company's strategic goals.
The practice of recruiting, hiring, assigning, and managing personnel is known as human resource management (HRM). Frequently, HRM is referred to as just "human resources" (HR).
Payroll processing, job description authoring, workplace policy creation, and benefit procurement are all common tasks in HR administration.
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why do individual, business and nations make choices?
Answer: Since consumers' resources such as time, attention, and money are limited, they must choose how to best allocate them by making tradeoffs. ... When scarce resources are used (and just about everything is a scarce resource), people and firms are forced to make choices that have an opportunity cost
southwest airlines began its no frills, no meals strategy in the late 1960s as a direct assault on the major carriers of the day. what type of competitive action does this represent? group of answer choices a strategic action because it includes a refinement of an existing strategy. a tactical action because it is a refinement of an existing strategy. a strategic action because it was a breakthrough innovative offer. a guerilla offensive because will surprise its rivals.
Southwest Airlines' no frills, no meals strategy in the late 1960s represents a strategic action because it involved a refinement of an existing strategy.
The no meals strategy in the late 1960s represents a strategic action because it involved a refinement of an existing strategy. The major carriers at the time were focused on providing luxurious amenities to attract customers, which resulted in high prices.
Southwest Airlines recognized this gap in the market and strategically positioned itself as a low-cost alternative, which would attract budget-conscious customers who were not interested in the added luxuries.
By refining their existing strategy to remove the frills and meals, Southwest Airlines was able to drastically reduce its costs and offer lower fares, making it an attractive option for customers who wanted to save money. This strategic action enabled Southwest Airlines to differentiate itself from the major carriers and gain a competitive advantage in the market.
While the no-frills strategy may seem like a tactical action, it was actually a strategic move because it was a deliberate decision that involved a significant change in the company's business model.
It required a rethinking of how Southwest Airlines would operate and market itself, which ultimately paved the way for its success in the industry. Therefore, the no-frills, no-meals strategy was a strategic action that enabled Southwest Airlines to challenge and disrupt the traditional business models of major carriers.
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A
person who
owns stock in a
corporation.
which of the following is correct regarding the availability heuristic? multiple choice decision makers estimate the probability of something occurring by how easily we can recall those events. decision makers are influenced by an initial anchor point and do not move beyond it. decision makers choose an alternative that is good enough rather than the best. decision makers evaluate the probability of an event by how closely it resembles another event.
The correct statement regarding the availability heuristic is that decision makers estimate the probability of something occurring by how easily we can recall those events.
This means that people tend to rely on information that is readily available in their memory, rather than seeking out additional information or considering the likelihood of other possibilities. This can lead to biases and errors in decision-making, as information that is easily recalled may not be the most accurate or relevant. The other options listed - being influenced by an initial anchor point, choosing a good enough alternative, and evaluating probability based on similarity to other events - may also be relevant factors in decision-making, but they do not specifically relate to the availability heuristic.
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define ecommerce in business with example
Answer:
See below
Explanation:
eCommerce refers to business transactions conducted via internment. eCommerce is the short form of electronic commerce. It is the selling and buying of products and services through the internet platform. eCommerce includes other commercial transactions conducted online such as online/internet banking, online money transfers, online auctions, ticketing, and payments.
An example of eCommerce is the online retail stores where shoppers pick and select merchandise on the retail store's website and pay online. The retail store then organizes for the items to be delivered to the customer's premises.