Answer:
Seth's total profits is $1,535.359
Explanation:
According to the given data we have the following:
MC = 0 and we will ignore fixed costs
Therefore TC = 0
Demand function in Santa barbara is
p = 74 - q
MR = 74 - 2q
Since Seth sets different uniform prices in two markets to maximizes his profit therefore
,
MR = MC
74 - 2q = 0
2q = 74
q=37
p = 74 - 37 = 37
Profit = pq - TC
= 37*37 - 0
= $1,369
Inverse demand finction Goleta is
p = 39 - 4q
MR = 39 - 8q
MR = MC
39 - 8q = 0
8q = 39
q = 4.875
p = 39 - 4.875 = 34.125
Profit = pq - TC
= 34.125*4.875 - 0
= $166.359
Therefore, Seth's total profits = $1,369 + $166.359
Seth's total profits= $1,535.359
Seth's total profits is $1,535.359
Answer:
The correct option is B,$198,000
Explanation:
The balance in allowance for uncollectible accounts was standing at $18,000 and it was decided to write-off $16,000 off the this existing balance,which implies that the balance left in the allowance for uncollectible account to set off against accounts receivable is $2,000($18,000-$16,000).
Invariably,the net realizable value of accounts receivable is $198,000($200,000- $2,000).
The correct option hence is B, $198,000
Answer:
<u> The correct answer is:</u> the changes in the situation that would result from a given action.
Explanation:
Marginal analysis is an extremely important tool for the organizational decision-making process, because through this analysis it is possible to compare costs and benefits of a financial strategy, analyzing costs and results in order to increase the company's profitability.
This therefore constitutes a cost-benefit analysis technique, for example, when buying or investing in a product, its benefits and utilities are considered, so for a marginal change to be adopted, the acquired benefits need to outweigh the costs.
Answer: b. Alone, attention, demand, and tangible
Explanation:
There are four basic conditions used in functional analysis they are known as three test conditions
1. social positive (attention),
2. social negative (escape),
3. alone
4. control condition play.
Each test conditions are usually carried out one at a time in turns or arrangements to known which conditions would predict the result in problem behaviours scenerios. The results guides teachers and professionals in determining alternative skills to teach which would lead to a decrease in problematic behaviours. An advantage functional ability has is it ability to identify problematic behaviours.
Answer:
C) the firm is experiencing a diminishing marginal rate of technical substitution.
Explanation:
Isoquant reflects factor combinations which give producer same output level. It is analogous to consumer's indifference curve, reflecting goods combinations giving same satisfaction level.
- It is downward sloping as same quantity of a good can be produced by - one factor increase, other factor decrease & one factor decrease, other factor increase.
- It is also concave i.e inwards bending towards origin, because of fallings slope. It implies that marginal rate of technical substitution (fall in one factor , replaced by gain in other factor) with same level of output i.e same isoquant - keeps on falling.
This concept is highlighted in the given statement : If a firm hires one worker and eliminates four units of capital, and hires one more worker and replaces three more units of capital, keeping output constant.
