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vitfil [10]
2 years ago
5

A firm in the market for designer jeans has some degree of monopoly power. the demand curve it faces has a price elasticity of d

emand of negative 4−4​, while the price elasticity demand of the market is negative 3.5−3.5. ​moreover, the firm has a constant marginal cost of ​$65.0065.00. using the rule of thumb for​ pricing, calculate the​ firm's profit-maximizing price.
Business
1 answer:
Pavlova-9 [17]2 years ago
5 0

Answer:

$86.67 is the profit maximizing price for the monopolist

Explanation:

In order to find the profit maximizing price for the monopolist using its price elasticity and marginal cost we have to use the formula

Price= Marginal cost* (elasticity/elasticity+1)

Marginal cost = $65.0065

Elasticity = -4

Price = 65.0065 *(-4/-4+1) = 65.0065*(-4/-3)= 86.67

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Once the job analysis is performed, there are several well-structured steps to the hiring process. this process includes _______
kvasek [131]

In order to get a comprehensive evaluation of the computer programmers organized a 360 degree interview where he asked immediate coworkers and others that worked closely with the programmers to participate in the evaluation process. Setting up interviews, performing background checks on selected candidates, and establishing probationary periods.

6 0
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Yvette is a customer of Apexon Bank, which is a member of the FDIC. She currently has a checking account that has $17,371 and a
GaryK [48]
Yvette has a checking account with $17,371 and a savings account with $240,000. Her combined money in Apexon Bank is $257,371. 

To know how much of Yvette's money is protected you must note that:
FDIC insures: checking, savings, money market deposits and certificates of deposit. FDIC protects against $250,000 combined. 

Since Yvette has $257,371 the FDIC protects against $250,000 of that amount leaving $7,371 unprotected. 
4 0
2 years ago
Employees who have difficulty performing efficiently on the job often have poor _____ skills, are confused about their prioritie
sergeinik [125]

Answer: The correct answer is "Organizational".

Explanation: Employees who have difficulty performing efficiently on the job often have poor <u>organizational</u> skills, are confused about their priorities (what is most important), and may be slow in making decisions.

Organizational skills allow us to distinguish which are our priorities, short, medium and long term objectives to be met and the steps to follow to fulfill these. Once focused on that, decision-making aimed at meeting these objectives tends to be much faster, which as a result demonstrates more efficient work.

7 0
2 years ago
According to the video game industry’s statistics, the average gamer is 34 years old. Imagine the standard deviation for age is
Natalka [10]

Answer:

lower range 33.822 years

upper range 38.178 years

Explanation:

step 1:

48 -1 = 47

step 2:

(1 - 95%) / 2 = 0.025

step 3:

we look at the T distribution table for degrees of freedom (df) = 47, and α = 0.025; = 2.0117

step 4:

divide sample standard deviation by square root of sample size

7.5 years / √48 = 7.5 / 6.9282 = 1.0825

step 5:

multiply results from step 3 and 4

2.0117 x 1.0825 = 2.178

step 6:

for the lower range, subtract step 5 from sample mean

36 - 2.178 = 33.822

step 7: for the upper range, add step 5 with sample mean

36 + 2.178 = 38.178

6 0
2 years ago
Botox Facial Care had earnings after taxes of $340,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $74
scoundrel [369]

Answer:

$1.7; 44 times

Explanation:

a) EPS(20X1):

= Earnings after taxes / Number of shares

= $340,000 / 200,000

= $1.7

P/E ratio(20X1):

= Price / EPS

= $74.80 / $1.7

= 44 times

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= Earnings after taxes / Number of shares

= $378,000 / 200,000

= $1.89

P/E ratio(20X2):

= Price / EPS

= $83.00 / $1.89

= 43.92 times

3 0
2 years ago
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