Pricing for profit-car parking
The owner of a city centre car park desires to know the best price to charge for parking throughout office hours on weekdays. On a usual weekday, the car park is at present only half full.
Expert
Consider the significance of marginality in maximizing the profit whenever demand varies and costs are mainly fixed.
When you buy a bond at an interest rate of 15 percent and sell it while the interest rate is 10 percent, then you will: (w) receive more than you paid for the bond. (x) receive less than you paid for the bond. (y) receive similar amount that you paid
When the price elasticity of demand for fried cheesy grits at Pixie’s Breakfast Grill is two, in that case a price cut of $2.80 to $2.00 per serving of grits would be most probably to: (1) reduce Pixie’s revenues from grits by roughly fort
When a monopolist maximizes profit with producing where average total cost is on its minimum, this: (w) should generate an economic profit. (x) should sell at a price equal to marginal cost. (y) will incur an economic loss. (z) will p
When the prices of generic yachts rise by $500,000 to $600,000, causing yearly sales to drop from 30,000 to 10,000, in that case the price elasticity of demand for such yachts equals: (w) 11.00. (x) 2.75. (y) 5.50. (z) 13.75.
Payments for a resource into excess of the minimum needed to supply specified amounts of the resource are termed as: (1) economic rents. (2) wage premiums. (3) excess profits. (4) surplus values. (5) capitalization. Q : Substitution effect of income at wage Glynn’s preferences in between work and leisure give in a: (i) wealth effect that exceeds the leisure consequence above point c. (ii) weak preference for working more than 40 hours per week. (iii) substitution effect that exceeds the income effect at wage rates
Glynn’s preferences in between work and leisure give in a: (i) wealth effect that exceeds the leisure consequence above point c. (ii) weak preference for working more than 40 hours per week. (iii) substitution effect that exceeds the income effect at wage rates
When a measure of the responsiveness of one variable to other (for example, quantity supplied [or demanded] to changes within price), elasticity: (w) provides no criterion for identifying responsiveness. (x) depends on the units used to express change
Can someone help me in finding out the right answer from the given options. The labor union goals for members don’t usually comprise: (i) Higher wages. (ii) Better working conditions. (iii) Bigger fringe advantages. (iv) Elimination of feather-bedding.
HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. There is a market supply curve for HoloIMAGine technology: (w) nonexistent since price-maker firms simultaneously set prices as well as quantities
When a monopolist maximizes profit in the product market, then it will: (i) Hire the labor till the marginal revenue product equivalents marginal resource cost. (ii) Hire the labor till the value of marginal product equivalents marginal resource cost. (iii) Pay a wage
18,76,764
1923640 Asked
3,689
Active Tutors
1419658
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!