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Aleks [24]
1 year ago
15

NH 2015 is the only amusement park in Goleta (it has monopoly power). The owners have decided to enact a two-part tariff: a fixe

d fee to enter and a per-photo price to get a photo taken with local celebrity Serena. Suppose that the demand for photos is , and that NH 2015's cost function is . If the owners choose the fixed fee and per-photo price to maximize profits, what will the profits be
Business
1 answer:
maxonik [38]1 year ago
4 0

Answer:

The profits will be "24.5".

Explanation:

As we know,

Monopoly Power, MC=\frac{dC(q)}{dq}

                                      =11

Withe either two-part tariff,

P = MC

and,

Profit = CS (Costumer surplus)

Now,

p=18-q=11

and, q = 7

When,

q = 0 and p = 18

Profit = (\frac{1}{2})\times (18-11)\times 7

⇒       = \frac{1}{2}\times 7\times 7

⇒       = \frac{1}{2}\times 49

⇒       = 24.5

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Agnes pays state income tax equal to 3.75% of her federal taxable income. She pays federal income tax equal to 28.4% of her fede
max2010maxim [7]

____________________________________________________

Answer:

Your answer would be D). $2,040.00

____________________________________________________

Explanation:

To find the state income tax in this situation, we would need to be doing a lot of multiplying and dividing in order to get our answer.

We would use this equation:

t = px

t = Total paid

p = percentage

x = unknown

In this case, we would need to find what x is.

Let's give you the equation:

15,449.60 = 28.4x

We would need to get x by itself, so we would divide by 28.4. But first, we would need to move the decimal place from 28.4 2 times to the left, so we would be dividing by .284

\frac{15449.60}{.284} = 54,400

Now, that;;s the federal income tax, but we have to find the state income tax. We would use 54,400 and miltiply it by 3.75 (move 2 decimal places to the left to get 0.0375).

54,400*0.0375= 2,040

Agnes payed <u>$2,040</u> in state income tax.

D). $2,040 should be your FINAL answer.

____________________________________________________

8 0
1 year ago
Hart, an individual, bought an asset for $500,000 and has claimed $100,000 of depreciation deductions against the asset. Hart ha
Naily [24]

Answer

The answer and procedures of the exercise are attached in the following images.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.  

4 0
2 years ago
Great Visions Company entered into a contract with ABC Carpet Company on January 15, 2020. The delivery date of March 1 was spec
inn [45]

Answer:

March 31, 2020

Explanation:

The accrual accounting principle states that you must record transactions in the accounting periods in which they occur, and the conservatism principle states that revenues should only be recorded when the earning process has been substantially completed.

In this case, only March 31 fulfills both requirements, since the goods were delivered on that day: same accounting period + earning process completed.

8 0
1 year ago
Danny mentions that he is only in business if his employees are happy to come to work. Based on McGregor's work, Danny would hav
Salsk061 [2.6K]

Answer:

Theory Y views

Explanation:

According to McGregor, managers who subscribe to the theory Y assumptions have an optimistic view of their employees. They regard employees as intelligent and innovative people who can provide solutions to the organization's problems. Theory Y managers appreciate employee differences, encourage them to improve their skills and work rate.

<u>Assumptions of Theory Y include</u>

  1. Employees are happy to work on their initiative.
  2. Workers like to be involved in decision making.
  3. Workers are self-motivated and like to complete their tasks.
  4. Employees willingly seek and accept responsibility
  5. View work as fulfilling and challenging.
  6. Have the ability to solve the organization's problems creatively and innovatively.
6 0
2 years ago
Henry Inc., a manufacturing firm, is able to produce 1,000 pairs of sneakers per hour, at maximum efficiency. There are three ei
Leokris [45]

Answer:

515,000

Explanation:

The Master-budget capacity utilization is the expected level of capacity which a current budget needs. The term utilization means the amount of capacity needed to meet customer demand.

In the future, Henry Inc estmates that customer demand is unlikely affected and will be around 515,000 pairs for their current budget. Therefore the master-budget capacity utilization level for this budget period is 515,000 pairs.

5 0
2 years ago
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