The optimal price for a good is determined to be $8. The elasticity of demand for the good is -4. Therefore, the marginal cost to make the good must be: Enter as a value ($). 6

Answers

Answer 1

The formula for elasticity of demand is the percentage change in quantity demanded of a product divided by the percentage change in the product's price. Given the price elasticity of demand and the optimal price of a good, we can determine the marginal cost to make the good.

As per the information provided in the question, the optimal price of a good is $8 and the elasticity of demand for the good is -4. To find the marginal cost of the good, we can use the following formula:Elasticity of demand = percentage change in quantity demanded ÷ percentage change in price-4 = ΔQ ÷ ΔPwhere ΔQ represents the percentage change in quantity demanded and ΔP represents the percentage change in price.Substituting the given values, we get:-4 = ΔQ / ΔPAt the optimal price of $8, we know that the demand for the good is at its highest. Therefore, the percentage change in quantity demanded is 0.Using this value in the equation, we can solve for the percentage change in price:-4 = 0 / ΔPΔP = 0Thus, the marginal cost to make the good must be the optimal price of the good, which is $8. Therefore, the answer is 8.

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Related Questions

changes in income levels of macro environment​

Answers

The macro-environment, as opposed to specific marketplaces, refers to the overall state of an economy.

GDP, fiscal policy, monetary policy, inflation, employment rates, and consumer spending all have an impact on the macroenvironment. Business decisions about items like spending, borrowing, and investing are impacted by the macroeconomic environment.

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Answer: The macro-environment, as opposed to specific marketplaces, refers to the overall state of an economy.

What are some ways you would improve your performance at work?

Answers

Some general tips that could help improve performance at work: Set clear goals, Develop good time management skills, Continuously learn and improve, Communicate effectively, Stay organized, Seek feedback, Stay motivated.

Set clear goals: Setting clear goals helps you stay focused and motivated towards achieving them. Break down your goals into smaller tasks and prioritize them based on their importance.

Develop good time management skills: Managing your time effectively helps you to be more productive and achieve more in less time. Use tools such as calendars, to-do lists, and reminders to help you stay on track.

Continuously learn and improve: Continuously learning and improving your skills and knowledge can help you stay competitive and be better equipped to handle new challenges. Take courses, attend workshops, or read books related to your field.

Communicate effectively: Good communication skills are essential in any workplace. Learn how to communicate effectively with your colleagues, superiors, and clients. Be clear, concise, and respectful.

Stay organized: Staying organized helps you work efficiently and reduces stress. Keep your workspace clean and tidy, and use tools such as folders and labels to help you stay organized.

Seek feedback: Feedback helps you understand how you are performing and identify areas for improvement. Seek feedback from your colleagues, superiors, and clients, and use it to improve your performance.

Stay motivated: Staying motivated is essential to achieving your goals. Find ways to stay motivated, such as setting incentives for yourself or visualizing your success.

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FILL THE BLANK. in the late introduction, growth, and early maturity stages, marketers shift their focus to _____ the customers.

Answers

In the late introduction, growth, and early maturity stages, marketers shift their focus to retaining the customers.

In the late introduction, growth, and early maturity stages of a product's lifecycle, marketers typically shift their focus from acquiring new customers to retaining and nurturing existing ones. During these stages, the product has gained some market acceptance and is experiencing growth in terms of customer base and market share.

To sustain this growth and maximize profitability, marketers recognize the importance of customer retention. They invest efforts in building strong relationships with existing customers, ensuring their satisfaction, and encouraging repeat purchases. This involves strategies such as providing excellent customer service, offering loyalty programs, personalized communication, and delivering value-added services or products.

By prioritizing customer retention, marketers aim to increase customer loyalty, reduce customer churn, and benefit from long-term customer relationships. Retaining existing customers can lead to a more stable revenue stream, lower marketing costs, and the potential for positive word-of-mouth referrals, which can further fuel growth and success in the later stages of the product's lifecycle.

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Which of the following best helps a company move toward achieving its
vision and mission?
A. Goals and objectives
B. Competitors and stakeholders
C. Activist investors
D. Corporate social responsibility

Answers

Answer:

A. Goals and objectives

Explanation:

Setting Goals and objectives sets you in a position to succeed. Doing this makes you organized and ready to face any challenges that you might face in order to achieve thos goals.

ation in Business organizations
5
Select the correct answer.
Which phrase correctly defines the motives of a business?
OA. satisfying the needs of people
OB. helping a country's economy grow
OC. incurring expenses
OD. earning profits and providing value in the form of goods or services

Answers

Answer:

D. earning profits and providing value in the form of goods or services

Explanation:

Businesses are set-up to make profits. Entrepreneurs risk their resources, capital, and time with expectations to make a profit. For a business to be profitable, it must offer products or services that provide solutions to customers' problems. The reward or motivation that business people get for engaging in business is the profits realized.

Businesses face competition from other businesses offering the same products and services. To remain relevant and profitable, it must offer goods and services that give satisfaction to the customers.

ANSWER PLS TIMED
A management consultant to a large transportation company is considering recommending that the company use the Just-In-Time (JIT) management philosophy throughout its operations. Which of these characteristics of the company would probably support the advice to implement the JIT management philosophy? (Select all that apply.)


the freight of the company is widely varied, as are its destinations

the company owns larger warehouses in some major locations

the company engages in mostly international transportation of goods

the company has recently developed partnerships with new subcontractors in its local hubs

Answers

Based on the given options, the characteristic(s) that would support the recommendation to implement the JIT management philosophy are:

The company owns larger warehouses in some major locations:The company has recently developed partnerships with new subcontractors in its local hubs

How to implement the JIT management philosophy

JIT involves keeping inventory levels low and only ordering or producing goods when they are needed. Having larger warehouses would allow the company to store smaller quantities of inventory while still being able to meet customer demand quickly.

JIT requires close coordination between suppliers, manufacturers, and distributors to ensure that goods are delivered on time. Developing partnerships with subcontractors could facilitate this coordination and improve the efficiency of the company's operations.

The other options are less relevant to the decision to implement JIT. The widely varied freight and destinations would make it difficult to implement JIT, as it may be challenging to predict demand accurately.

Mostly international transportation of goods may also present challenges for implementing JIT, as it involves longer lead times and more complex supply chains.

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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

Answers

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.

Nico joven presently earns $348.40 per week.He claims himself and his mother as allowances.He is single.He is to get a new job classification, which will result in a 15% increase in pay.He also plans to marry.After his marriage, he will claim his wife, himself, and his mother as allowances.How much less will be withheld weekly for federal income taz?

Answers

The amount less that will be withheld weekly for federal income tax is $40.65.

How to calculate the amount?

The money withheld from the federal income tax will be:

= $348.40/2

= $174.20

The increase in pay will be:

= 15% × $348.40

= $52.26

The new salary will be the addition which is $400.66.

The new money withheld will be:

= $400.66/3

= $133.55

The amount less withheld will be:

= $174.20 - $133.55

= $40.65

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Which advantage of a sole proprietorship could also be a disadvantage?.

Answers

Answer:

Unlimited liability

Explanation:

According to this image :
1- What is the age range of the generation with the highest amount of household debt?

2-Which is the only generation to decrease its average debt from 2019 to 2020?


3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.


4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).

5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.

I have to turn this worksheet today, So please ANYONE help me out please ASAP..

According to this image :1- What is the age range of the generation with the highest amount of household

Answers

Answer:

1. Gen X 41-56years

2. Silent Gen reduced debt by 4.6%

3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt

Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.

4.Gen Z average debt $16,000

Gen X average debt $ 140,000

In 5years, it will meet up with Gen Xs level of debt

5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.

The adjusted trial balance for Yondel Company at December 31, 2018 is presented below: Accounts Debit Credit Cash $ 8,000 Prepaid rent 23,000 Land 445,000 Accounts payable $ 12,000 Salaries payable 20,000 Common stock 230,000 Retained earnings 109,000 Dividends 14,000 Service revenue 340,000 Salaries expense 160,000 Rent expense 29,000 Utilities expense 32,000 Totals $ 711,000 $ 711,000 Prepare the closing entries for Yondel Company for the year ended December 31, 2018.

Answers

Answer:

Explanation:

Cash                        =8000

Prepaid rent           = 23,000

Land                       = 445000

Accounts payable                              = 12,000

Salaries payable                                  = 20,000

Retained earnings                              = 109,000

Dividends                    = 14,000

Service revenue                                   = 340,000

Salaries expenses      = 160,0000

Rent expenses             = 29,000

Utilities expenses         = 32,000

Net income = Service revenue - Salaries-Rent-Utilities-

=340,000-160,000-29,000-32,000 = 119,000

                                       

                                                       Journal

1.     Debit  Service revenue   - 340,000

      Credit income summary -                  340,000

2,    Debit Income summary -    221,000

      Credit Salaries expenses                              160,000

      Credit Rent expenses                                     29,000

      Credit Utilities expenses                                 32,000

3     Debit Income summary          119,000

      Credit retained earnings                                  119,000

4     Debit retained earnings          14,000

      Credit retained earnings                                   14,000

To _____ is to modify or improve upon code.


propriate

tweak

kernel

debug

Answers

i’m pretty sure it’s debug!
The answer is debug hope this helps!

Which option best describes the main behavior that economics studies?
A. People making choices based on their limited resources
B. People creating different governments around the world
C. People participating in a traditional musical performance
D. People experiencing the physical symptoms of a disease
SUST

Answers

Answer: People making choices based on their limited resources

Explanation:

The option best describes the main behavior that economics studies is People making choices based on their limited resources.

Economics is a social science subject which studies how humans behaves due to scarcity and due to the limited resources that are available.

As a result of limited resources, Individuals or economic agents have to make choices and choose the good or service that matters most to them. This is where opportunity cost comes in as other options are left and the best option is chosen.

Answer:

A.people making choices based on their limited resources

Explanation:

I need help asapppppp!

I need help asapppppp!

Answers

B) Internet bank i think

an object is placed at a distance of 20cm from convex lens of focal length 15cm find the image distance​

Answers

Answer:

Image distance = 60 cm

Explanation:

Object distance from a convex lens = 20 cm

Focal length of convex lens = 15 cm

Use the following relation between the object distance, focal length and image distance.

\(\frac{1}{object\,\,distance}+\frac{1}{image\,\,distance} =\frac{1}{focal\,\,length}\)

\(\frac{1}{20}+\frac{1}{image\,\,distance}=\frac{1}{15}\\\\ \frac{1}{image\,\,distance}= \frac{1}{15}-\frac{1}{20}\\\\ \frac{1}{image\,\,distance}= \frac{4-3}{60} \\\\ \frac{1}{image\,\,distance}=\frac{1}{60}\)

Therefore,

Image distance = 60 cm

In 2010, nominal GDP was $14.6 trillion and the GDP deflator was 110.6. What was real GDP for that year?

Answers

The real GDP for 2010 was approximately $13.2 trillion.

Real GDP = Nominal GDP / GDP Deflator
Using the values given in the question:

To calculate the real GDP for 2010, you'll need to use the formula:
Real GDP = Nominal GDP / (GDP Deflator / 100)
Given that the nominal GDP in 2010 was $14.6 trillion and the GDP deflator was 110.6, you can plug these values into the formula:
Real GDP = $14.6 trillion / (110.6 / 100)
First, divide the GDP deflator by 100:
110.6 / 100 = 1.106
Next, divide the nominal GDP by the result:
Real GDP = $14.6 trillion / 1.106

Real GDP ≈ $13.2 trillion
So, the real GDP for 2010 was approximately $13.2 trillion.

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The real GDP for 2010 was approximately $13.19 trillion.

We can calculate real GDP by dividing nominal GDP by the GDP deflator and multiplying the result by 100.

The detailed answer is as follows:

Real GDP = Nominal GDP / GDP deflator x 100

1. Nominal GDP for 2010 is given as $14.6 trillion.
2. The GDP deflator for 2010 is given as 110.6.


Substituting the given values:

Real GDP = $14.6 trillion / (110.6 / 100)
Real GDP = $14.6 trillion / 1.106
Real GDP ≈ $13.19 trillion

Therefore, the real GDP for the year 2010 was $13.2 trillion.

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If you got nausea heartburn indigestion upset stomach diarrhea what comercial is it off of

Answers

Answer:

PEPTO BISMOL

Explanation:

lol

Answer:  Pepto bismo

Explanation:i say the comorical yesterday

When calling a support line to request help with a computer problem, it is best to

provide as many details and information as possible.
keep information to a minimum to avoid confusion.
avoid attempting to name or identify the problem.
avoid first attempting simple fixes to the problem

Answers

Answer: Provide as many details and information as possible.

Explanation:

So they can identify the problems with your computer

Answer:

1.provide as many details and information as possible.

Explanation:

6. Which of the following is a way that you can put your strengths to work?
A. thinking about achievements you have accomplished
B. identifying paths to entrepreneurship
C. making a decision to become an entrepreneur
D. giving greater freedom for opportunities

Answers

All of the aforementioned methods will assist one in achieving the goal-related aim they have set.

What is Entrepreneurship?

The production or extraction of economic value is referred to as entrepreneurship. According to this definition, entrepreneurship is considered as transformation that often involves greater risk than is typical when beginning a firm and may also involve values other than just financial ones.

A person who starts and/or invests in one or more enterprises, taking on the majority of the risks and reaping the majority of the gains, is referred to as an entrepreneur.

Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.

According to more specific definitions, entrepreneurship is the act of creating, starting, and operating a new company, which is frequently comparable to a small business. It may also be defined as the "ability and willingness to create, organize and effectively manage a company venture's risks in order to turn a profit."

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T/F Mixed economies can evolve when societies with different kinds of economies interact

Answers

Mixed economies can evolve when societies with different kinds of economies interact. This statement is true.

A mixed economic system is one that incorporates elements of both capitalism and socialism.

A mixed economic system protects private property and provides for some economic freedom in the use of capital, but it also permits governments to intervene in economic activities to achieve social goals.

According to neoclassical theory, mixed economies are less efficient than pure free markets, but supporters of government intervention claim that the fundamental prerequisites for efficiency in free markets, such as equal knowledge and rational market players, cannot be met in practice.

Most modern economies are a hybrid of two or more economic systems, with economies falling somewhere along a spectrum.

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Based on the post-employment conflict of interest, over time regulatory agencies can develop a bias to support the.

Answers

Based on the post-employment conflict of interest, with time regulatory agencies can develop a bias to support the desires of the firms being regulated.

A conflict of interest arises when an employee's personal interests could improperly affect how well they carry out their official duties and obligations or when they misuse their position at the workplace for their own gain.

Governmental or quasi-governmental organizations that create, oversee, and uphold laws in their purview are referred to as regulatory agencies.

Regulations are in place to safeguard people and businesses, address market inefficiencies, and simplify many areas of our lives. Hence, Agencies should be impartial, except if impartiality is impractical or undesirable.

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In what sense do externalities cause the ""invisible hand"" of the marketplace to fail?.

Answers

The market failed because it could not take advantage of opportunities.

Basically, there are many externalities factors that can be utilized by the market and converted into profitable things that will provide positive results for the market.

Some of these external factors include government policies, economic trends, a pandemic that suddenly came and caused many economic activities to stop, fluctuations in exchange rates against foreign currencies. If you are unable to take advantage of or deal with this, it is likely that the market will easily fall. Such as the corona virus outbreak occurred in 2020.

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What is the difference between Money
Market and Investments?

Answers

Answer:

can udo a pic so i can see

Explanation:

cheryl enters into a contract with gabe. in this contract, cheryl asks gabe to pay the money he owes her from the contract to her friend leah because leah is having financial troubles. leah is

Answers

Leah is considered a "third-party beneficiary." A third-party beneficiary is a person who benefits from a contract between two other parties, even though they are not a direct participant in the agreement.

Leah is considered a third-party beneficiary in this scenario. A third-party beneficiary is someone who is not a party to a contract, but who stands to benefit from the contract's performance. In this case, Cheryl has asked Gabe to pay the money he owes her to Leah, who is having financial troubles.

By doing so, Cheryl has made Leah a third-party beneficiary of the contract between herself and Gabe. This means that Leah has the right to enforce the terms of the contract and receive the payment from Gabe. However, it is important to note that not all contracts create third-party beneficiaries. Whether or not a person is a third-party beneficiary depends on the intent of the parties to the contract.

In this case, Cheryl specifically requested that Gabe pay Leah, indicating that she intended for Leah to benefit from the contract's performance. Therefore, Leah can be considered a third-party beneficiary in this scenario.

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Do monthly mortgage payments stay the same?

Answers

You'll begin paying monthly mortgage payments to your mortgage lender once your loan is closed. Generally, your mortgage payment will remain consistent throughout the term of your loan.

A mortgage is what?

A mortgage is a type of loan used to purchase or maintain real estates such as a home, land, or other buildings. The borrower promises to pay the lender back over time, typically in a series of principal-and-interest-only monthly payments.

The asset is then put up as security to safeguard the loan. Borrowers must submit a mortgage application through the lender of their choice and ensure they meet a variety of requirements, including minimum credit scores and down payments.

Mortgage applications must pass a rigorous underwriting process before moving on to the closing stage. The many types of mortgages, such as fixed-rate and conventional loans, will depend on the borrower's demands.

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if the slope of the consumption schedule is 0.75, then the slope of the saving schedule multiple choice is A.0.25.
B. is 0.75
C.. is 1.25. D. cannot be determined from the data.

Answers

If the slope of the consumption schedule is 0.75, the correct answer is D. cannot be determined from the data.

The slope of the saving schedule cannot be determined solely based on the given information. The slope of a consumption schedule represents the change in consumption (C) for a given change in income (Y). In this case, if the slope is 0.75, it means that for every unit increase in income, consumption increases by 0.75 units. However, the slope of the saving schedule is not directly related to the slope of the consumption schedule.

The saving schedule represents the relationship between saving (S) and income (Y). It shows how much saving is done at different levels of income. The slope of the saving schedule depends on factors such as individuals' saving behaviour, interest rates, and other economic variables. It cannot be determined solely based on the slope of the consumption schedule. To determine the slope of the saving schedule, additional information about saving behaviour or the relationship between saving and income is needed. Without this information, we cannot determine the slope of the saving schedule from the given data. Therefore, the correct answer is D. cannot be determined from the data.

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You plan to operate a basketball camp during the summer at Duke University. The total number of participants is 200. Camp participants will stay three nights in the university dormitories, and each room will house two camp participants. Duke charges you $40 per room each night. Liability insurance to run the camp will cost $3,000. Meals for the three day camp will cost $6,000. Duke will not charge you for the use of the basketball facility. Nike will provide sporting goods to be used by, and given to, participants. You and your partner each want to make $8,000 profit from running the camp. How much will you have to charge each participant to meet your goal?

Answers

Answer:

$245 per participant

Explanation:

total number of participants = 200

total costs for 200 participants:

$40 per night x 3 nights x 200 = $24,000 for rooms$3,000 for insurance$6,000 for meals

total costs = $33,000

if you want to earn $16,000 in profits ($8,000 each),

price per participant = ($33,000 + $16,000) / 200 = $49,000 / 200 = $245

what your name answer in 1 minute​

Answers

Answer:

Adrean :)

Explanation:

eugh

based on behavioral characteristics 80% of sales come from 20% of customers.

True
False

Answers

True it is in fact true

Answer:

true

Explanation:

Today, ________ are flourishing due to the increased use of market segmentation and market targeting. A) chain stores B) specialty stores C) superstores D) discount stores E) off-price stores

Answers

Today, specialty stores thrive due to the increased use of market segmentation and market targeting.

What does a marketing specialist store entail?

Retailers that specialize in marketing specialty stores offer a wide range of goods in specific niches. Furniture stores, flower shops, sporting goods stores, and bookstores are examples of specialty retailers. Retailers (large and tall clothing) such as DXL Big + Tall and The Athlete's Foot (selling only athletic shoes).

Which of the following describes an online transaction between a retailer and a customer?

E-commerce, also known as electronic commerce, is the transfer of products or services, funds, and data over electronic networks, most commonly the Internet. These business transactions can be B2B, B2C, C2C, or C2B (business-to-business, consumer-to-consumer, or business-to-business).

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