Answer:
a. There was no breach of the law of demand since your product preference changed after trying the service.
Explanation:
Consumer tastes and preferences significantly influence demand. A person's inclination towards a product determines whether they desire more or less of it, affecting overall demand.
Your preference shifted in favor of the Uber ride over driving yourself, justifying your willingness to pay a higher price, thereby upholding the law of demand.
Answer:
$60000
Explanation:
A total of 1000 items are to be manufactured each week for a duration of 30 weeks.
Calculating the total number of products gives us 30 * 1000
= 30000
The filter requires changing after every 100 products, with each filter costing $50.
The total number of filters utilized is
= 30000/100
= 300.
Thus, the cost per product equals $1.5
The overall cost can be determined as
($1.5*30000)+($50*300)
= $45000+$15000
= $60000
Response:
In Trident, IA, Nola and Charles are both involved in a collusion agreement.
Scenarios that Assist:
Supporting Scenarios:
4. Nola and Charles frequently meet and chat at the same coffee shop.
5. Both charge a consistent rate per guest for events.
Scenarios that Hinder:
1. Charles creates a unique appetizer that becomes essential in Trident.
2. A training academy for event planning starts and graduates are eager to start planning!
3. Nola advertises her price drop on national TV.
6. Nola's costs exceed those of Charles.
7. A water bottling company, the area’s largest employer, hosts the majority of events.
Clarification:
Nola and Charles can only engage in a collusion agreement discreetly due to its illegality. The secretive nature of their agreement hinders its enforceability legally. They are highly likely to enter a prisoner's dilemma situation. Moreover, their diverse cost structures and skills make long-term collusion difficult. Graduates from event planning and other competitors, including the large company responsible for most local events, will likely disrupt the collusion soon.
Answer:
e) $23.89
Explanation:
To find the present value of Canine Crates shares today, based on a return rate of 13%, we must first compute the annual value derived from dividends over three years as follows
D1= The yearly dividend x 2 ( Canine Crates intends to double the dividend each year for three years
D1= $0.45 x 2 = $0.9D2= $0.90 x 2 = $1.80
D3= $1.80 x 2 = $3.60
Subsequently, we calculate the stock’s value by summing the present values of each year's dividends.
This is founded on the following formula
Dividend per year / (1+r)∧n
= Dividend per year
r = required rate
n= period
Stock value = $0.9 / (1.13) + $1.80 / (1.13)∧2 + $3.60/ (1.13)∧3
Final stock valuation = $23.89
Answer:
The price is higher than marginal revenue
Explanation:
