Answer:
Between a price of $4 and $5, the price elasticity of demand is -0.67 (round to one decimal point) and at that point the demand elasticity is inelastic. Between a price of $8 and $9, the price elasticity of demand is -2.67 (round to one decimal point) and at that point the demand elasticity is elastic. Revenue is maximized when the price is at $6 and the demand elasticity equals -1.
Explanation:
The price elasticity of demand can be calculated using the following formula:
Price elasticity of demand = Percentage in quantity demanded / Percentage change in price .................................... (1)
Therefore, we have:
a. Between a price of $4 and $5
Here, we have:
Percentage in quantity demanded = ((60 - 70) / 60) * 100 = -16.67%
Percentage in price = (($5 - $4) / $4) * 100 = 25%
Therefore, we have:
Price elasticity of demand = -16.67% / 25% = -0.67
Since the absolute value |0.67| is less than 1, the demand elasticity is inelastic at this point.
b. Between a price of $8 and $9
Here, we have:
Percentage in quantity demanded = ((20 - 30) / 30) * 100 = -33.33%
Percentage in price = (($9 - $8) / $8) * 100 = 12.50%
Therefore, we have:
Price elasticity of demand = -33.33% / 12.50% = -2.67
Since the absolute value |2.67| is greater than 1, the demand elasticity is elastic at this point.
c. Revenue is maximized when the price is at $_________ and the demand elasticity equals .
Note: See the attached excel file for the Computation of Marginal Revenue
Revenue is maximized when the Marginal Revenue is equal to zero. This occurs when the price is at $6 in the attached excel file (in bold red color).
Since price increased from $5 to $6, we have:
Percentage in quantity demanded = ((50 - 60) / 50) * 100 = -20%
Percentage in price = (($6 - $5) / $5) * 100 = 20%
Therefore, we have:
Price elasticity of demand = 20% / 20% = -1
Since the absolute value |1| is equal to 1, the demand elasticity is unitary at this point.
Conclusion
Between a price of $4 and $5, the price elasticity of demand is -0.67 (round to one decimal point) and at that point the demand elasticity is inelastic. Between a price of $8 and $9, the price elasticity of demand is -2.67 (round to one decimal point) and at that point the demand elasticity is elastic. Revenue is maximized when the price is at $6 and the demand elasticity equals -1.
Accumulated depreciation
A.) Increase Liabilities
B.) Increase assets
C.) Decreases assets
D.) decreases liabilities
In each of the following situations, list what will happen to the equilibrium price and the equilibrium quantity for a particular product, which is an inferior good. DRAW THEGRAPHS
a. The population decreases and productivity increases
b. Income increases and the price of inputs increase
c. The number of firms in the market decreases and income decreases
d. Consumer preference decreases and the price of a complement increases
e. The price of a substitute in consumption increases and the price of a substitute in production increases
Answer:
how to draw graf in this
57. Mark Green is considering buying a new Honda Accord. The purchase price of the car is $21,000 but Mark has a trade-in worth $4500. Mark needs a loan to buy the car and knows that his local bank requires him to put down 10% of the purchase price after the value of the trade-in is considered. Mark also knows that bank will charge 8% for the loan and require monthly payments over the next 4 years. What is the size of Mark‟s monthly payments if he makes the minimum down payment on the car?
Note that , Mark's monthly payments will be approximately $335.89 if he makes the minimum down payment on the car.
How is this so?Given
Loan amount - $14,850
Loan term - 48 months
Interest rate - 0.0067 per month(8 % annual rate divided by 12 months)
Using the formula for a fixed- rate loan,the monthly payment (P) can be calculated as follows:
P = (Loan Amount * Monthly Interest Rate) /(1 - (1 + Monthly Interest Rate)^(-Number of Months))
P = ($ 14,850 * 0.0067) /(1 - (1 + 0.0067)^(-48))
computing we have
P = ($99.50) / (1 - (1.0067)^(-48))
P = ($99.50) / (1 - 0.7035)
P = ($99.50) / (0.2965)
P ≈ $335.89
Therefore, Mark's monthly payments will be approximately $335.89 if he makes the minimum down payment on the car.
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Kuhn Co. is considering a new project that will require an initial investment of $45 million. It has a target capital structure of 35% debt, 2% preferred stock, and 63% common equity. Kuhn has noncallable bonds outstanding that mature in five years with a face value of $1,000, an annual coupon rate of 10%, and a market price of $1,050.76. The yield on the company’s current bonds is a good approximation of the yield on any new bonds that it issues. The company can sell shares of preferred stock that pay an annual dividend of $8 at a price of $92.25 per share. You can assume that Jordan does not incur any flotation costs when issuing debt and preferred stock. Kuhn does not have any retained earnings available to finance this project, so the firm will have to issue new common stock to help fund it. Its common stock is currently selling for $33.35 per share, and it is expected to pay a dividend of $2.78 at the end of next year. Flotation costs will represent 3% of the funds raised by issuing new common stock. The company is projected to grow at a constant rate of 9.2%, and they face a tax rate of 40%. Determine what Kuhn Company’s WACC will be for this project.
Based on the given information, the WACC for this project is 8.14%.
What is WACC?WACC stands for Weighted average cost of capital (WACC) which shows the typical after-tax cost of capital for a company from all sources.
The data given in the question is
N=15 years
FV=1,000
PV=-$1555.38
PMT=11%
CPT I/Y=5.48%%
The after-tax cost of debt calculation
After-tax cost of debt=Yield*(1-tax rate)
After-tax cost of debt=5.48%*(1-25%)
After-tax cost of debt=5.48%*75%
After-tax cost of debt=4.11%
the Cost of preferred stock
Cost of preferred stock=Dividend/Price
Cost of preferred stock=8/92.25
Cost of preferred stock=8.67%
Cost of common stock
Cost of common stock=Expected Dividend/(Price*(1-Flotation cost %))+Growth rate
Cost of common stock=2.78/(33.35*(1-8%))+5.48%
Cost of common stock=2.78/(33.35*0.92)+5.48%
Cost of common stock=(2.78/30.68)+5.48%
Cost of common stock=9.06%+5.48%
Cost of common stock=14.54%
the calculation for WACC is
WACC=58%*4.11%+6%*8.67%+36%*14.54%
WACC=8.14%
Therefore, the WACC for this project is 8.14%
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1.2. in 100-150 words, discuss eight different types of non-verbal communica tion. add an appropriate in-text Citation and a source list. Do not copy and paste information but paraphrase the important text in your own words
Nonverbal communication is that the transfer of knowledge through visual communication, facial expressions, gestures, and space. As an example, a smile conveys friendliness, receptivity, and openness in an encounter.
There are eight forms of nonverbal communication:
Visual communication: Body language is that the way you position your body in response to situations, environments, and moods.
Movement: How you progress your arms and legs. B. you’ll convey a range of messages to your audience, like walking fast, walking slowly, standing, sitting, or fidgeting.
Posture: The way you sit and stand also reflects your level of comfort, professionalism, and general attitude towards people and conversations.
Gestures: Gestures vary widely from community to community, but are commonly used intentionally or unintentionally to convey information to others.
Space: Creating or closing distance between you and people around you conveys messages about your well-being, the importance of conversation, your desire to support and connect with others, etc.
Paralinguistic: Paralinguistic include non-verbal elements of language such as: B. Speaking speed, pitch, intonation, volume, etc.
Facial Expressions: one among the foremost common styles of nonverbal communication is facial expressions. Using the eyebrows, mouth, eyes, and facial muscles to convey emotions and data is very effective.
Eye Contact: Strategic use of eye content, or lack of eye contact, may be a very effective thanks to convey attention and interest.
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The use of a debit card is most like:
You are the manager of a firm that charges customers $16 per unit for the first unit purchased, and $12 per unit for each additional unit purchased in excess of one unit. The accompanying graph summarizes your relevant demand and costs.
" A graph summarizes the relevant demand and costs of a firm.""The horizontal axis labeled quantity ranges from 0 to 7 in increments of 1. The vertical axis labeled price ranges from 0 to 20 in increments of 2. A line labeled D begins at the point (0, 18) goes down to the right and ends at the point (6, 6). A horizontal line labeled M C = A C passes through the point (0, 8) and intersects the line D at (5, 8)."
a. What is the economic term for your firm’s pricing strategy?
Second degree price discrimination
Fourth degree price discrimination
First degree price discrimination
Third degree price discrimination
b. Determine the profits you earn from this strategy.
$
c. How much additional profit would you earn if you were able to perfectly price discriminate?
According to the information, the additional profit earned by perfectly price discriminating would be $14.
What is the economic term for your firm’s pricing strategy?The economic term for the firm's pricing strategy is third degree price discrimination. This is because the firm charges different prices for different customer segments, based on their willingness to pay.
How to determine the profits you earn from this strategy?To determine the profits earned from this strategy, we need to find the quantity at which marginal cost equals marginal revenue. From the graph, we can see that the marginal cost (MC) is constant and equal to $8. The marginal revenue (MR) is given by the demand curve. At a quantity of 1, the MR is $16, and for each additional unit, the MR is $12. So, we can set MC = MR to find the profit-maximizing quantity:
$8 = $16 for the first unit
$8 = $12 for the additional units
Solving these equations, we get the profit-maximizing quantity to be 5 units.
To find the profit earned, we need to calculate the total revenue and total cost at this quantity. The total revenue is the sum of the price charged for each unit sold, which is $16 for the first unit and $12 for each additional unit:
Total revenue = (1 x $16) + (4 x $12) = $64
The total cost is the sum of the fixed cost and variable cost, which is given by the area under the MC curve up to the profit-maximizing quantity:
Total cost = $8 x 5 = $40
Therefore, the profit earned from this pricing strategy is:
Profit = Total revenue - Total cost = $64 - $40 = $24
How much additional profit would you earn if you were able to perfectly price discriminate?If the firm were able to perfectly price discriminate, it would charge each customer the maximum price they are willing to pay for each unit, resulting in higher profits. In this case, the firm's demand curve would be the same as the marginal revenue curve, and the profit-maximizing quantity would be where marginal cost equals the maximum price the customer is willing to pay for that unit.
From the graph, we can see that the maximum price a customer is willing to pay for the first unit is $18, and for each additional unit, it decreases by $2. So, the profit-maximizing quantity for each customer segment would be:
For customers willing to pay $18 per unit: MC = $8 = $18, so 1 unit is sold
For customers willing to pay $16 per unit: MC = $8 = $16, so 2 units are sold
For customers willing to pay $14 per unit: MC = $8 = $14, so 3 units are sold
For customers willing to pay $12 per unit: MC = $8 = $12, so 4 units are sold
For customers willing to pay $10 per unit: MC = $8, so 5 units are sold
For customers willing to pay $8 per unit: MC = $8, so 6 units are sold
For customers willing to pay less than $8 per unit: no units are sold
The total revenue earned would be:
Total revenue = (1 x $18) + (1 x $16) + (1 x $14) + (1 x $12) + (1 x $10) + (1 x $8) = $78
The total cost would still be the same as before, $40. Therefore, the additional profit earned by perfectly price discriminating would be:
Additional profit = Total revenue - Total cost - Profit from original pricing strategy
= $78 - $40 - $24
= $14
So, the additional profit earned by perfectly price discriminating would be $14.
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Joseph is typing a short story that he hopes to enter into a national writing contest. The guidelines from the contest explain that page numbers must be at the bottom middle of every page and the contestants full name must be in the top left of every page. Which of the following steps should Joseph take to add these formats to the layout of short story document?
Group of answer choices
Joseph should insert a header with the page number centered aligned and insert a footer with his full name aligned on the left.
Joseph should insert a footer with the page number centered aligned and insert a header with his full name aligned on the left.
Joseph should insert a footer with the page number and insert a header with his full name.
None of the above.
Answer:
B
Explanation:
The page number must be at the bottom, so you have to add a footer and align it to be centered, and your name is a header and left aligned to be at the top of the page
Answer:
Joseph should insert a footer with the page number and insert a header with his full name.
Explanation:
The reason is because his full name needs to be at the top and the be numbers needs to be at the bottom.
Communication is a two way exchange that involves ________.
A. A supporter and a receiver
B. A sender and a receiver
C. A sender and a speaker
D. A announcer and a audience
Answer:
B.
Explanation:
Customer goods returned will be credited to which account ?
Answer:
Goods Account (based on the question)
Alternatively :
In Accounts you would usually have a seperate account called ' Returns Inward' and they will be debited there.
If the price of a good remains the same for all possible quantities demanded for the product, demand is
O elastic
O perfectly inelastic
O inelastic
O perfectly elastic
Answer:
Perfectly inelastic
Explanation:
If a good's price elasticity is 0 (no amount of price change produces a change in demand), it is perfectly inelastic. If price elasticity is exactly 1 (price change leads to an equal percentage change in demand), it is known as unitary elasticity. Ty for points
1. ANSWER THE FOLLOWING: YOU BUY A NEW HOT PINK VOLKSWAGON BEETLE CAR THAT COST $22,500. YOU HAVE $4,000 DOWN PAYMENT. THE BANK LOANS YOU THE MONEY AT 6% INTEREST. YOU DECIDE TO PAY MONTHLY PAYMENTS FOR 4 YEARS. HOW MUCH INTEREST DO YOU OWE THE BANK FOR BORROWING THE MONEY? HOW MUCH WILL IT COST FOR THE CAR PER MONTH PAID OVER 4 years
The total amount borrowed is $22,500 - $4,000 = $18,500.
To calculate the total interest, we need to first calculate the total amount of payments over 4 years. There are 12 months in a year, so the total number of payments will be 12 x 4 = 48 payments.
To calculate the monthly payment, we can use the formula for a fixed-payment loan:
Monthly payment = [P x r x (1 + r)^n] / [(1 + r)^n - 1]
where P is the principal (amount borrowed), r is the monthly interest rate, and n is the total number of payments.
The monthly interest rate is 6% / 12 = 0.005.
Monthly payment = [18500 x 0.005 x (1 + 0.005)^48] / [(1 + 0.005)^48 - 1] = $430.87 (rounded to the nearest cent)
The total amount paid over 4 years is $430.87 x 48 = $20,666.62.
The total interest paid is $20,666.62 - $18,500 = $2,166.62.
Therefore, the interest owed to the bank for borrowing the money is $2,166.62.
The cost of the car per month paid over 4 years is $430.87.
12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
1. Paid Office Station Co. for part of the debt incurred on April 5, $1,200.
Debit: Accounts Payable - Office Station Co.$1,200
Credit: Cash $1,200
2. Provided services on account, $4,200.
Debit: Accounts Receivable $4,200
Credit: Service Revenue $4,200
To pay off the remaining balance owing to Office Station Co., a debit is sent to the accounts payable account. To account for the cash outflow, the Cash account is credited. This journal entry records the settlement of a portion of the debt incurred on April 5 with Office Station Co.
The acknowledgment of revenue for services rendered to a client on the account is represented by this journal entry. To reflect the increase in the amount due by the client, the Accounts Receivable account is debited.
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The complete question is probably
Write journal entries
12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
Assuming that the desired rate of return is 12%, determine the net present value for the
proposal.
Answer:
Error
Explanation
1
Jimmy's pizza bought a new pizza oven for $7,276. The useful life is estimated to be 12 years and the salvage value is $400. If jimmy uses straight line depreciation:
A. Calculate the annual depreciation
B. Determine the book value of the oven at the end of 8 years.
Answer:
see below
Explanation:
In straight-line depreciation, depreciation is a constant figure throughout the useful life of an asset.
The depreciation rate = 1/useful life x 100
For Jimmy's pizza depreciation rate
=1/12 x 100
=8.333%
The depreciable rate = Asset cost - salvage value
=$7,276 - $400
=$6,876
Annual depreciation = 8.333% x $6,876
=0.08333 x $6,876
=$573 per year
Book value after 8 years
=Asset value minus accumulated depreciation.
Accumulated depreciation = annual depreciation x number of year
Accumulated depreciation = $573 x 8
Accumulated depreciation= $4,584
Book value =$7,276 - $4,584
= $2,692
A company has a fiscal year-end of December 31: (1) on October 1, $20,000 was paid for a one-year fire insurance policy; (2) on June |30 the company advanced its chief financial officer $18,000; principal and interest at 8% on the note are due in one year; and (3) equipment costing $68,000 was purchased at the beginning of the year for cash. Depreciation on the equipment is $13,600 per year. Prepare the necessary adjusting entries at December 31 for each of the above items. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer:
Date Accounts Title and Explanation Debit Credit
Dec 31 Insurance Expense $5,000
[($20000/12) x 3]
Prepaid Insurance $5,000
(To record insurance expense)
Dec 31 Interest Receivable $720
[($18000 x 8%)/12 x 6]
Interest Income $720
(To record accrual interest income)
Dec 31 Depreciation Expense $13,600
Accumulated Depreciation $13,600
-Equipment
(To record depreciation expense)
In _____, products are made according to customer specifications.
By promoting transparency, the government can improve
a.profit margins
b.economies of scale
c.market efficiency
d.zoning
Answer:
Option c. is correct
Explanation:
By promoting transparency, the government can improve market efficiency.
The government should be transparent as transparency will also strengthen the democracy and effectiveness in Government. Openness provides information to the citizens about what their Government is doing for them.
Option c. is correct
What is the difference between ethnocentrism and patriotism?
Explanation:
Ethnocentrism is the tendency to look at the world primarily from the perspective of one's own culture while patriotism is love of country; devotion to the welfare of one's compatriots; the virtues and actions of a patriot; the passion which inspires one to serve one's country,.
What are different speaking styles
Answer:
the unique way in which the information is delivered to the audience.
Explanation:
hope it is helpful
reviewing the recent experience of the US in global markets reveals that
Reviewing the recent experience of the US in global markets reveals that America's standing as a global leader has been challenged by the rise of new global economic powers, such as China and India. Despite this, the US remains the world's largest economy and has the world's reserve currency, the US dollar.
As such, it maintains significant influence in global markets.The US has also been engaged in numerous trade disputes, including with China and the European Union. Additionally, the US has recently pursued a policy of protectionism, which has included the imposition of tariffs on imported goods.
This has had both positive and negative impacts on the US economy and its standing in the global marketplace.The US has also recently renegotiated trade deals, such as the United States-Mexico-Canada Agreement (USMCA), which replaced the North American Free Trade Agreement (NAFTA).
The US has also withdrawn from the Trans-Pacific Partnership (TPP) and the Paris Climate Agreement, which have drawn criticism from other nations and has further impacted the US's standing in the global community.
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9,432 written verbal is?
Answer:
Poetry?????????????????
9,432 written in verbal is: nine thousand, four hundred and thirty-two.
define electronic communication
Answer:
this is any information sent between particular parties over a phone line or internet connection. This includes phone calls, faxes, text messages, video messages, emails and internet messaging.
5. The process of production is complete
when...
A.goods of the right quality and
quantity reach the consumers.
B.the manufacturer produces a given
amount of goods.
C. retailers prepare goods for sale to consumers.
D. wholesalers buy goods from the
manufacturer.
The process of production is complete when retailers prepare goods for sale to consumers. Hence, Option C is correct.
What is the production process?Capital, labour, technology, land, and other resources are considered factors of production because they are utilised to produce output, which includes commodities and services.
One of the most crucial procedures in manufacturing is production, which is essential to understanding what it means to be a manufacturer. Without this activity, there would be nothing produced that could be sold to buyers as finished goods.
Therefore, Option C is correct.
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A company purchased $10,300 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. On June 20, it returned $1,040 of that merchandise. The shipping charges for the purchase totaled $650. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals
Since the buyer pays the balance within 10 days, a 3% discount is applied and the cash paid on June 24 is $9,724.80
In order to answer this problem, let us journalize each transaction below.
On June 15
Account Title Debit Credit
Inventory $10,300
Freight-In $650
Accounts Payable $10,950
On June 20
Account Title Debit Credit
Accounts Payable $1,040
Inventory $1,040
So, upon payment on June 24, the total payment will be;
Account Title Debit Credit
Accounts Payable $9,910
Cash ((($10,300 - $1,040) x 98%) + $650) $9,724.80
Inventory $185.20
Hence, the company can avail the discount. So, since the buyer pays the balance within 10 days,The amount of cash paid on June 24 equal $9,724.80
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Vanya inc. charter authorizes 1000 shares of stock at a stated value of $1 per share. Vanya sells 50 shares of stock at its initial offering for $10 [er share. The journal entry to record this transaction?
Credit for Paid-In Capital, in Surplus of Stated Worth for $450, $50 toward Common Stock, and $500 toward Cash.
Why do you use the term "Common Stock"?A form of business equity and a kind of security is common stock. Within the borders of the United States, the words vote share and common share are widely used. In the UK as well as other Commonwealth nations, they are referred to as share capital or ordinary shares. A investor holds 1% of the company if they hold shares of a company of the ordinary stock. This investor will receive $100 (1,000 units X $0.10) in dividends if the company declares a $0.10 per share dividend.
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Paying off your debts will most likely____ your credit score.
A. decrease
B. increase
C. ruin
D. not impact
Answer:
increase
Explanation:
When coins were jfirst used, they only had an image on one side. Why did coins start to have images on two sides?
Answer:
The coins have images on both sides because the coin issuers, or seigniors, wanted to see their faces on the coins.
Coins start to have images on two sides because the coin issuers, or seigniors, wanted to see their faces on the coins.
When and why were coins used as money?People traded products and services before money was created. The Mesopotamian people did not invent the shekel, which is regarded as the first known form of money, until roughly 5,000 years ago. Printed coins were used to pay troops, it was approximately 650–600 B.C. when gold and silver coins first appeared. The first real coins were struck in the prehistoric kingdoms of Lydia and Ionia and were made of electrum, a mineral composed primarily of gold and at least 20 percent silver.
The Lydians started minting gold coins in the period between 560 and 546 BC after learning how to separate the gold from the silver in electrum. Coins are significant historical primary sources. They communicate king names together with their titles, images, locations, dates, dynasties, accomplishments, and logos.
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A manufacturer produces a container of potato salad using 1 pound of Idaho potatoes, 1 pound of Maine potatoes, or 1 pound of a mixture of the two types of potatoes. Does the marginal rate of technical substitution vary along the isoquant? What is the MRTS at each point along the isoquant?
Considering the situation described above, the Marginal Rate of Technical Substitution is constant along the isoquant.
This is based on the idea that the marginal rate of technical substitution is proportional to the ratio of marginal products.
Thus, using the following formula, we have:
(MPL× ∆L) + (MPK × ∆K) = 0.
Rearranging these terms, we find that: MPL÷ MPK = ∆K ÷ ∆L => MRTS.
Therefore, the ratio of marginal products equals the MRTS in value.
Given the formula above, the potato salad isoquants are straight lines because the two types of potatoes are perfect substitutes.
Also, because the isoquant is a straight line, the slope is the same at every point, so the MRTS is constant.
Therefore, given that the two inputs are perfect substitutes, which implies that 1 pound of Idaho potatoes can replace 1 pound of Maine potatoes, then it is concluded that MRTS is constant along the line.
Hence, in this case, it is concluded that the correct answer is Marginal Rate of Technical Substitution is constant along the isoquant.
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give the meaning of office machine
Answer: Equipment
Explanation:The equipment used in an office; for example: phones, computers, and printers. ... These markets cover computers and other machines for workplaces.
Hope this helps! Brainlist?
Answer:
What are office machines? The Cambridge Dictionary defines office machinery as the equipment used in an office for example: phones, computers, and printers These markets cover computers and other machines for workplaces.
Explanation: