Answer:
A. That's the point where total revenue is maximized
Explanation:
Demand Curve is a downward sloping curve representing inverse relationship between price & quantity demanded.
Elasticity of Demand is the responsiveness of quantity demanded to price change. It can be measured geometrically on a demand curve point by :
Demand curve segment below the point / Demand curve segment above the point.
This way the elasticity keeps on decreasing as we move downwards on the demand curve [Ed=∞ to Ed >1 to Ed = 1 to Ed < 1 to Ed = 0] i.e [from perfectly elastic to elastic to unitary elastic to inelastic to perfectly inelastic demand].
If Demand is Elastic [Ed >1] : There is negative relationship between price and Total Revenue. This point is on the upper segment of demand curve as per geometric method, P- TR negative relationship implies that TR can be increased by decreasing Price.
If Demand is Inelastic [Ed <1] : There is positive relationship between price &total revenue. This point is on the lower segment of demand curve as per geometric method, P-TR positive relationship implies that TR can be increased by increasing price.
So: The best Total Revenue Maximising point is on the middle of demand curve where demand is unitary elastic [Ed=1] - as any other deviation from this point would create an incentive to change price to generate higher revenue.
Answer: an increase in the quantity of Brazilian currency that can be purchased with a dollar.
Explanation: An increase in the price of the Brazilian currency in relation to the dollar will increase the real exchange rate. This is because the exchange rate tells the amount of Brazilian baskets a US basket can buy.
The best option to relate the exchange rate with is an increase in the purchasing power of the dollar.
Answer:
D: College Students
Explanation:
FBLA is for High School, so that means that Phi Beta Lambda is for College. Higher level
Answer:
1. Axial insertion
Factory overhead per board 2.70
2. Hand load
Activity consumption per board 27.50
3. Hand load
Activity driver rate 6.03
4. Masking
Factory overhead per board 51
5. Final test Test time 1
Explanation:
Calculation to Determine the missing amount
Activity Cost Driver Activity driver rate Activity consumption per board Factory overhead per board
1. Axial Insertion Number of axial insertions 0.27 10 10*.27 = 2.70
2. Hardware Insertion Number of hardware
insertions 4.00 (110/4 = 27.50) 110
3. Hand load Boothroyd time (48.24/8 = 6.03) 8 48.24
4. Masking Number of points masked 0.30 170 (170*.30 = 51)
5. Final test Test time (10/10=1) 10 10
Answer:
The company's pretax cost of debt is 7.45 %.
Explanation:
When it comes to bonds, the cost of debt is the required return on the bond known as the Yield to Maturity (YTM) of the bond.
The Yield to Maturity (YTM) of the bond can be determined as follows :
N = 23 × 2 = 46
PV = $951
Pmt = ($1,000 × 7 %) ÷ 2 = - $35
P/YR = 2
FV = - $1,000
YTM = ?
Using a Financial Calculator, the Yield to Maturity (YTM) of the bond is 7.4484 or 7.45 %
Therefore,
The company's pretax cost of debt is 7.45 %.
