When a monopolist or a monopolistic competitor faces a price elasticity of demand equal to -2.4, the optimal markup factor equals

Answers

Answer 1

The optimal markup factor is 1.7.

A monopoly is when there is only one firm operating in an industry. A monopolist sets the price for their goods.

A monopolistic competitor is when there are many firms operating in the industry. The firms sell differentiated products.  They set the price for their goods.

The markup factor = [tex]\frac{1}{1 - \frac{1}{e} }[/tex]

[tex]\frac{1}{1 - \frac{1}{2.4} }[/tex] = 1.7

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Related Questions

A 3-column table has 6 rows. The first column has entries gross income, federal tax, state tax, local tax, total deductions, and net income. The second column is labeled Withholdings with entries blank, 16 dollars, 3 dollars, 2 dollars and 50 cents, 22 dollars and 50 cents, blank. The third column is labeled Income with entries 90 dollars, blank, blank, blank, blank, 67 dollars and 50 cents. Take another look at this chart. If you were planning a budget, which amount would you use to record your income? $16.00 $22.50 $67.50 $90.00

Answers

Answer:

C, $67.50

Explanation:

Just answered it on Edge

Answer:

its c

Explanation:

reece prepaid for a trip over spring break in 2020, right before major cities started to issue lockdown mandates due to rapid spread of the coronavirus. given all the uncertainty around travel and disease spread, she tried to get a refund, but was told it was too late. she felt very uncomfortable going and knew she would not enjoy her trip at all. therefore, she made new plans to spend spring break on campus binge-watching her favorite tv shows.

Answers

The consequences of the CO.VID 19 pandemic had negative consequences in most aspects of life, including vacations and summer.

The CO.VID-19 pandemic is a pandemic that started in 2019 in the city of Wuhan, China derived from the disease caused by the SARS-CoV-2 virus.

This pandemic spread throughout the world causing the governments of most countries to close their borders and travel to other countries, and even within the same countries to be limited and terminated.

In the summer of 2020, Europe was the epicenter of the disease and there the summer was suspended, no tourists arrived, there were no establishments open to the public and everything was restricted to prevent the spread of the disease.

According to the above, the pandemic had a negative influence on tourism because travel was left hanging, and tourists who were able to travel were exposed to the virus.

Note: This question is incomplete because the question is missing. Here is the complete question:

What consequence did the 2020 pandemic have on people's summer vacations?

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Explain the differences between local and foreign commercial bank. 10 marks​

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Answer:Local banks have a multicultural way of looking at things, and are often much stronger in key economies like China as compared to their foreign counterparts. ... Foreign banks are often regarded as better employers for their higher remunerations and wider range of opportunities.

Explanation:

The size of the quota times the difference between the quota price and the world price is known as the dollar value of: Multiple choice question. quota. quota rent. quota ceiling. quota floor.

Answers

Answer:

Quota rent

Explanation:

What would most likely occur when an agency has served an account for a long time and all the fresh ideas have been worked and reworked

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Clients must first approve new ad concepts before anyone at the company has a say.

When a capital budgeting decision does not involve any revenues, the most desirable alternative is the one with the ______.

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Answer: least total cost from a present value perspective

Explanation: trust me

Preferred stock ______. (Check all that apply.) Multiple select question. is useful for raising capital without reducing common stockholders' control must be issued before any common stock is issued has preference as to dividends

Answers

Considering the available options Preferred stock is known to "has preference as to dividends."

Another true statement about Preferred Stock is that it "is useful for raising capital without reducing common stockholders' control."

Aside from the available options, Preferred stock is generally known not to have voting rights.

Hence, in this case, it is concluded that the correct answer is options A and C.

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After one month of the project you realize that one of your scrum teams has the tendency to overestimate their velocity, which results in their needing help to complete their requirement points. What do you do

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Answer:

Work with them on their next velocity estimate.

Explanation:

Long-term notes payable increased during the year. This is a ___________ of cash reported in the _____________ section of the statement of cash flows. Long-term notes payable increased during the year. This is a ___________ of cash reported in the _____________ section of the statement of cash flows. Use; operating Source; operating Use; investing Source; investing Use; financing Source; financing

Answers

The answer is A because I’ve done my calculations and 4-6 is 8

Your posture, hand gestures, and eye contact are all examples of what aspect of impression management

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not gonna lie thats kinda true

Ryanair advertised the lowest rates in Europe with fares of $12 between Paris and Munich. However, when Bill arrived at the airport, he had to pay $28 in taxes, $25 for one small carry-on bag, $6 for a non-alcoholic beverage, and $2.50 to use the restroom on the plane. Between Ryanair and the customer there is a ______ gap.

Answers

Answer:

Explanation:

Communication gap

Read the passage about a family health insurance plan. What is the $25 fee Maria's mother paid when Maria visited the doctor? payout deductible co-payment premium.

Answers

Answer: C. co-payment

Explanation:

The $25 fee Maria's mother paid when Maria visited the doctor is called a co-payment. Therefore, option C is correct.

What is the meaning of co-payment?

A co-payment, also known as a co-pay, is a fixed amount of money that a patient is required to pay for a particular medical service or treatment at the time of the visit. It is a cost-sharing arrangement between the patient and the insurance provider or healthcare provider.

For example, if a patient's health insurance policy has a $20 co-payment for office visits, then the patient would be required to pay $20 out-of-pocket for each office visit, and the insurance provider would cover the remainder of the cost of the visit.

Co-payments are designed to encourage patients to use healthcare services responsibly and to share the cost of care with insurance providers. They also help to reduce the overall cost of healthcare by incentivizing patients to seek out more affordable treatment options when available.

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Your question is incomplete; most probably, your complete question is this:

Maria's family has a health insurance plan. Her mother has $350 deducted from her paychecks each month. When Maria visited the doctor, her mother paid a $25 fee. The insurance company covered the rest of the cost of the visit. When Maria's mother went to the hospital, her family was responsible for paying the first $1,000 of the bill. After this payment, the insurance company covered the rest of the costs.

Read the passage about a family health insurance plan.

What is the $25 fee Maria's mother paid when Maria visited the doctor?

A. payout

B. deductible

C. co-payment

D. premium

Depreciation expense is added back to net income when preparing the cash flow from operating activities section because depreciation represents a(n) ______ reduction to net income. Multiple choice question.

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The answer is Noncash

Depreciation is a non-cash reduction to net income, it is added back to net income when producing the cash flow from operating activities section.

What is depreciation?

The term depreciation refers to an accounting method used to allocate the cost of a tangible or physical asset over its useful life. Depreciation represents how much of an asset's value has been used. It allows companies to earn revenue from the assets they own by paying for them over a certain period of time.

Since depreciation is a cost rather than a cash payment, it is added back to net income to balance net income to net cash supplied by operating activities.

Net income underestimates generated from operations because accountants deduct depreciation while calculating net income. Because net income is the starting point for calculating cash flows from operational activities using the indirect method, the amount of depreciation must be restored back to net income.

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The ________ is a measure of both the quality and liquidity of accounts receivable; it indicates how often, on average, receivables are received and collected during the period.

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Answer :Accounts receivable turnover

Explanation:

The Accounts receivable turnover is a measure of both the quality and liquidity of accounts receivable; it indicates how often, on average, receivables are received and collected during the period.

What is the Accounts receivable turnover?

An accounting indicator used to evaluate how successfully a company offers loans and collects debts is the Accounts Receivables Turnover Ratio, commonly known as the Borrower's Turnover Ratio. The turnover of receivables is an exciting process that assesses how effectively a company utilizes its resources.

Formula & Calculation for Receivables (AR) Turnover Ratio. Net sales are divided by the average amount of accounts receivable to arrive at the AR Turnover Ratio. Sales on credit, sales returns, and sales allowances are added together to calculate net sales.

Companies should aim for a ratio of approximately 1.0 to ensure they collect the whole amount of average Accounts receivable accounts at least once during a period. In general, a greater accounts turnover of receivables is advantageous.

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Stork Associates paid $60,000 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $80 to $250 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event at a cost of $1,300. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated.a. Stork can deduct $ for this event.b. If there was no bona fide business discussion either preceding or after the event, there is and the deduction would be $.

Answers

a. Based on the information given Stork can deduct $3,150 for this event.

b. There is no entertainment option and the deduction would be cost of ticket.

a. Stock deduction

Costs of seats $5,000

($250x20)

Food and beverage $1,300  

Total Entertainment expense $6,300

($5,000+$1,300)

Less 50% Limitation

Deduction $3,150

($6,300×.50)

b. If there was no bona fide business discussion either preceding or after the event, there is no entertainment option and the deduction would be cost of ticket.

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Answer: $1300.00

Explanation: If this is for 2021 & 2022 then the employer can deduct all of the food and beverage -

However, taxpayers still may deduct some or all of the food and beverage expenses associated with operating their trade or business (e.g., a business meal with a current or potential client, or meals consumed by employees on work travel). In general, only 50 percent of food and beverage expenses can be deducted.

However, given the impact of the COVID-19 pandemic on restaurants, Congress provided a temporary 100 percent deduction for meals and beverages provided by a restaurant in 2021 and 2022.

The expected return on the market will increase if the risk-free rate _________ or if the market risk premium _____.

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Answer:

The expected return on the market will increase if the risk-free rate increases or if the market risk premium increases, because RMRM=RF- risk premium.

Explanation:

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Use a calculator to see what would happen if you used a credit card to pay the minimum monthly payment. Calculate using the following information: Cost of computer (balance): $600 Annual percentage rate (APR): 12. 9% Total duration of payments: 2 years Use the simple interest formula: A = (P)(r)(t) If you make only the minimum payment each month, what will the total cost of the computer be? $600 $629 $755 $830.

Answers

Based on the information given the total cost of the computer be $755.

Using simple interest formula

A = (P)(r)(t)

Where:

A=Amount=?

P=Principal=$600

r=rate=12.9% or 0.129

t=time=2 years

Let plug in the formula

A=$600×0.129×2

A=$754.8

A=$755 (Approximately)

Inconclusion  the total cost of the computer be $755.

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Answer:

$755

Explanation:

The Financials section of the Business Model Template consists of three boxes. The boxes are titled ________.

Answers

Answer:

revenue streams, cost structure, and financing/funding

Explanation:

when a manufacturer saturates the market by selling to any intermediary of good financial standing that is willing to stock and sell the product, the manufacturer is engaged in select .

Answers

When a manufacturer saturates the market, the manufacturer is engaging in  intensive distribution.

Intensive distribution can be define as the way in which companies or manufacturer made available or distribute their products from retail outlet to wholesaler outlet.

Most companies use intensive distribution marketing strategy  to increase sales and to sell out the products in their warehouse so as to restock or restore new products.

Intensive distribution help to create product awareness to those people that are not aware of the products due to the fact that the products can be find everywhere.

Inconclusion  the manufacturer is engaging in  intensive distribution.

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what is the buyer doing during the awareness stage of their buying journey?

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A buyer who is in the awareness stage of his or her buying journey is: Identifying an opportunity they want to pursue or a challenge they’re experiencing.

A buyer refers to an individual (consumer) who engages in the purchase of a particular product by paying a specific amount of money to the seller.

In Business management, the buying journey of each customer varies from one business brand to another business brand, but it typically comprises five (5) main stages and these are:

I. Awareness.

II. Consideration.

III. Decision.

IV. Retention.

V. Advocacy.

In the awareness stage of a customer's buying journey, he or she is saddled with the responsibility of identifying an opportunity to be pursued or a challenge he or she is currently experiencing during the purchase of a product from a particular business brand.

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Consumer wealth is defined as the total value of ______. Multiple choice question. assets minus the total value of liabilities all investments plus the money in the bank all investments plus the money in the bank minus debt total assets

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Answer:

Assets minus the total value of liabilities

Consumer wealth is defined as the total value of assets minus the total value of liabilities. Thus, the statement "assets minus the total value of liabilities" is the correct statement.

What is the wealth effect?

According to the wealth effect, a behavioral economic hypothesis, people spend more money as the value of their possessions increases. Consumers are supposed to feel more financially secure and wealthy as the value of their houses or investment portfolios rises. Even if their income and fixed costs remain the same as before, they are made to feel wealthier.

The wealth effect captures the psychological impact of growing asset prices, such as those that take place during a bull market, on consumer purchasing patterns. The idea focuses on how significant rises in the value of investment portfolios boost consumers' emotions of security, sometimes known as their level of confidence. Increased confidence results in more spending and lower saving rates.

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if a company forgets to record the journal entry to accrue interest expense, then its net income is too ________ and its liabilities are too ________.

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The failure to record the required journal entry to accrue interest expense will make the net income to be too high and the company's liabilities to be too low.

The adjusting entry to accrue interest expense is a debit to the Interest Expense account and a credit to the Interest Payable account.

If this journal entry is not recorded, the net income will be overstated and the liabilities understated by the value of the accrued interest expense.

Thus, the company should not forget to accrue the interest expense.

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if tom & eddies were to estimate how much money it would need in the first six months of the business, this would be regarded as

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if tom & eddies were to estimate how much money it would need in the first six months of the business, this would be regarded as short-term forecasting.

Short-term forecasting is when business owners make an estimate their production levels, cash needs and sales level over a short period of time which is usually less than a year.

Benefits of Short-term forecasting

It helps the firm to effectively plan its activities. It helps the business determine their financial health.

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What are the three common ways that retail outlets can be classified?

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Answer:

ownership, level of service, and type of merchandise line.

Retail outlets can be classified by their ownership, type of merchandise line and level of service.

What is a Retail outlet?

A store that merely sells goods to customers directly; the goods are typically bought by the store from a wholesaler or they could be produced by the business that owns the store.

The second kind of retail outlet is a store that a manufacturer opens, frequently close to the factory, to sell excess or irregular items at a discount.

While some retail establishments are modest shops, others are big department stores with a vast selection of goods. They typically have a set location, either inside a mall.

Anyone who owns or runs a retail store must be able to take inventory, keep track of stock levels, advertise and market their company, and give customer service, among other things. Some store owners may also need to engage additional staff to help with daily operations.

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who can citizens contact if they believe their property taxes are too high?

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When property taxes are too high, the citizens can contact their local county assessor.

A local county assessor is a person that values the price of price of taxes or property taxes. He/she has the power to determine the amount of property taxes that individuals in a town will pay as tax for their property.

When individuals feel that a pay  very high amount of amount of money as property tax, they should immediately contact the local county assessor to lay their complaint.

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Tangible assets are
of the assets in
accounting
A. most
B. a few
C. all
D. some

Answers

Answer:

C. all

Explanation:

the answer is lether C

Which of the following is an example of an inherently unsafe product?
O A. A necklace
O B. Curtains
O C. Household cleaner
D. A car

Answers

Answer: C. Household cleaner

Explanation: It can kill people because it is harmful for the human skin and is dangerous once ingested. This is why we keep household cleaners away from babies and children, in case they ingest it.

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Many in the advertising industry are calling for the use of ______, an accountability-based measure of success.

Answers

Every business venture often have Return on investment (ROI) Many in the advertising industry are calling for the use of ROI, an accountability-based measure of success.

Return on investment (ROI) is simply known to be a performance measure that is often used by firms to evaluate the efficiency or profitability of their investment or they often use it to compare the efficiency of the number of different investments that they are engaged in.

To calculate ROI, use the benefit (or return) of an investment and divide it by the cost of the investment.

Conclusively, When you invest your money in mutual funds, the return on investment often makes you too know the gain from your mutual fund schemes.

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The Art Institute, a school for training artists to be financially self-sufficient, has a debt-to-equity ratio of 120 percent. This means the school has:

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Since Art Institute have a debt-to-equity ratio of 120%, it means that the school has more debt than the equity.

Debt to equity ratio is a financial ratio used to measure the degree of which a company is financing its operations through its debt and the owned funds.

The Debt to equity ratio calculated through Total liabilities / Shareholder equity

Since the Debt to the Equity ratio is 120%, that means that the debt is higher in value than the Shareholder's equity funds.

Therefore, in conclusion, the ratio of 120% means the school has more debt than the equity.

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why should a firm stop producing when its marginal revenue is less than its average variable cost?

Answers

Answer:

There is no profit so they would be loosing money.

Explanation:

AVC or ATC must decrease when the marginal cost is smaller than the average variable or average total cost. When the marginal cost exceeds the average variable or total cost, AVC or ATC must rise.

What Is Marginal Revenue?

The increase in revenue that occurs from the sale of one more unit of output is referred to as marginal revenue. While marginal revenue can remain constant over a certain amount of output, it is subject to the law of diminishing returns and will eventually slow down as the output level grows.

When the revenue from the sale of the goods or services produced is insufficient to pay the variable expenses of production, the firm will choose to shut down production. In that case, the firm will incur a greater loss when it produces than if it does not produce at all.

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