Bree's Bait Shop is a successful store that specializes in highly effective fishing tackle. Bree has employed a high-tech computer
tracking system that allows her to separate her customers into two different groups of consumers with a differing willingness to
pay. Bree is interested in increasing her profits through price discrimination and approaches your marketing firm for advice.
Assuming her demand curve is downward sloping, you tell her there is one more crucial piece of information you must have in
order to advise her.
What do you ask Bree?
Are you currently producing where P = ATC?
What are your total costs?
What is your current price?
O Are you able to prevent the resale of your tackle?

Answers

Answer 1

Option (d) is the best choice. We ask Bree: Are you able to stop your tackle from being sold again?

What is pricing discrimination, and how does it help monopolies make more money?

By maximizing total income, price discrimination often increases the monopoly firm's profit. Instead of setting a flat rate for all clients, a monopolist charges some customers additional prices. Price discrimination among clients with diverse needs helps reduce the danger of establishing a uniformly high price.

How can pricing discrimination boost revenue?

An organization can sell at a significantly higher production thanks to price discrimination. It is therefore using its earlier spare capacity. This enables the company to use its manufacturing factors more effectively. Because of the higher output, the company is able to cut its long-term average costs and raise profits even more.

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Related Questions


Question 2. The long-run real exchange rate.
a. Provide a short answer. Other things equal, how would you expect the following shifts to affect
a currency's real exchange rate against foreign currencies?
i.
The world demand for home products increased.
ii.
There is a negative productivity shock in the home economy.
b. True or false. Suppose domestic residents decide to spend more on nontraded products and less
on tradables, and the consumption basket consists primarily of goods and services produced and
consumed at home. In that case, there will be an appreciation of the home currency.

Answers

Answer: I don't know

Explanation: I don't know

Where is the Edit Links dialog box located?

Answers

Edit Link options. When you open the Edit Links dialog (Data > Queries & Connections > Edit Links), you're presented with several options for dealing with existing links. You can select individual workbooks with Ctrl+click, or all of them with Ctrl+A. This will update all selected workbooks.

Answer:data tab, connections group

Explanation:

just did

in the short run, which of the following firms should attempt to produce where average costs are at a minimum in order to maximize profits or minimize losses?

a. perfectly competitive firm
b. a monopolistically competitive firm
c. an oligopoly
d. a monopoly
e. none of the above

Answers

Answer: A perfectly competitive firm

Explanation:

if an organization's board of directors were to set aside assets to be used for replacement of plant and equipment, where would this be reflected on the balance sheet?

Answers

Answer: Assets Limited as to Use

Explanation: These are unrestricted assets whose use is limited by the governing board or contracts or agreements with outside parties other than donors or

Identify at least 3 behavioral concerns you think are important to delivering a successful D&I initiative

Answers

The 3 behavioral concerns which are important in delivering a successful D&I initiative are, offer meaningful opportunities or employee engagement, communicate clearly and create employee-led task forces, and create mentorship programs.

A D&I initiative is an important way in order to address the current shortcomings of an organization's workforce. Thus, managing a company's diversity and inclusion moments in the global workplace is, in many ways, an unmapped territory.

So, there are certain behavioral concerns which are important in delivering a successful D&I initiative. Diversity and inclusion metrics can be used in order identify risk areas, prioritize initiatives, etc.

Hence, diversity and inclusion initiatives benefits a company.

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most companies expect to collect the full balance of all of their accounts receivable. this statement is

Answers

The majority of businesses anticipate collecting the whole balance of their accounts receivable. This assertion is false.

Accounts receivable (AR) is the remaining amount owed to a business for goods or services that have been delivered businesses or consumed but have not yet been paid for by clients. The balance sheet classifies accounts receivable as a current asset. Customers' unpaid debt for goods they made with credit is referred to as AR.

The term "accounts receivable" refers to any unpaid bills or cash that a business is owed by customers. The word refers to accounts that a company is entitled to get as a result of delivering a good or service. Accounts receivable, also known as receivables, are a businesses type of line of credit that a business extends to its customers, and its terms typically call for payments to be made within a short time frame.

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Dana and his manager have discussed expanding Dana’s role and responsibilities in the company. What written agreement could establish and legally bind the parameters of Dana’s new position?

A. Covenant

B. Business ownership

C. Business incorporation

D. Contract

Answers

A written agreement that could establish and legally bind the parameters of Dana’s new position is known as a Contract.

What is an employment contract?

In law, an employment contract refers to a type of contract used in labour law to attribute certain rights and responsibilities between the parties to a bargain. Such a contract is normally between the employee and employer.

An employment contract arisen out of the old master-servant law which was used before the 20th century.It relies on the concept of authority in a situation where the employee agrees to accept the authority of the employer and in exchange the employer agrees to pay the employee a stated wage.

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A managerial innovation that improves the efficiency of a company's cross-functional
teams would be considered a(n) _______ innovation.
a) product
Ob) process
c) core
d) transformational
e) practical

Answers

The answer is

a) product

5. Due to a recession, expected inflation this year is 3%, and 3.25% in year 2. However, the inflation rate in year 3 and thereafter is expected to be constant. Assume the expectations theory holds and the real risk-free rate is 2.5%. If the yield on 4-year T-bond equals 1-year bond plus 2%, what is the inflation rate after year 2?

Answers

Based on the expected inflation, and the expectation theory as well as the real risk-free rate, the inflation rate after year 2 is 6.88%.

How to find the inflation rate?

To find the inflation rate, first find the yields on Treasury bonds for a year and four years.

One year Treasury bond yield:

= Real Risk-free Rate + Inflation Premium on 1-year Treasury Bond

= 2.5% + 3%

= 5.50%

Four year Treasury bond yield has been given by the question to be 2%.

We can therefore use the Four year Treasury bond yield to find the inflation premium in the fourth year:

= One year Treasury bond yield - Real Risk-free Rate + Four year Treasury bond yield

= 5.5% + 2% - 2.5%

= 5.0%

Now that you have the inflation premium, the inflation for after year 2 is:

5 % = (3% + 3.25% + 2 x Inflation after year 2] / 4

= 6.88%

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Explain why it is important to understand a business’ vision, mission, values and objectives when developing a business plan. Give an example to illustrate your answer.

Answers

These crucial components will enable you to effectively communicate the character and values objectives of your company to potential partners, financiers, and business. Throughout the existence of your organization, these claims typically remain constant.

They can assist you make decisions and mould your company as it expands. The strategic plan of a company is built on the mission, vision, and values declarations. They communicate the organization's goals, strategy, and core business. Mission and vision statements perform three vital roles: they guide the development of strategies, communicate the organization's purpose to stakeholders,  and help create quantifiable goals and objectives that can be used to assess the strategy's effectiveness.

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Refer to the above diagram of the market for corn. If the price in this market is $2 per bushel, then there will be? (The graph and answer choices are in the picture below)

Answers

If the price in this market is $2 per bushel, then there will be a shortage of about 8,000.

What is a shortage?

A shortage occurs when the price of a good is below the equilibrium price. This would result in the quantity demanded of the good to be in excess of the quantity supplied.

Equilibrium is the point on a graph where the quantity demanded is equal to the quantity supplied. $2 is below the equilibrium price of $3, thus, there would be a shortage.

Shortage = quantity demanded - quantity supplied.

$12,000 - $4,000 = $8,000

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abc corporation uses an activity-based costing system with three activity cost pools. the company has provided the following data concerning its costs and its activity-based costing system: costs: wages and salaries $ 320,000 depreciation 160,000 utilities 240,000 total $ 720,000 distribution of resource consumption: activity cost pools assembly setting up other total wages and salaries 50% 40% 10% 100% depreciation 10% 55% 35% 100% utilities 15% 50% 35% 100% how much cost, in total, would be allocated in the first-stage allocation to the assembly activity cost pool? group of answer choices $212,000 $176,000 $196,000 $160,000

Answers

The first-stage allocation to the assembly activity cost pool$336,000.

How to calculate?

estimating the first-stage allocation of costs to the Setting Up activity cost pool

Adding an amount

salaries and wages $128,000 [$320,000*40%]

Depreciation $88,000 (or $160,000 multiplied by 55%)

Services related to utilities $120,000 [$240,000*50%

Total $336,000

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which tax benefit for education is partially refundable?

A. american opportunity tax credit

B. distribution from a qualified tuition program

C. lifetime learning credit

D. student loan interest deduction ​

Answers

Answer:

American opportunity tax credit

Explanation:

I took the test

When it comes to setting one's own quality standards, one must ensure they are ___?

.profitable
.written
.measurable
.reviewed

Answers

When it comes to setting one's own quality standards, one must ensure they are measurable. The correct option is C.

Define the Actual Requirements. Learn how to satisfy quality management compliance more easily. Maintain Simplicity. Everything should be documented. Check for comprehension. Establish Key Performance Indicators (KPIs) Results should be measured.

What set your quality standards?

Quality management standards are particular rules, specifications, guidelines, and characteristics that products, services, and processes must follow on a consistent basis to guarantee that their quality meets expectations. They are suitable for their intended use.

Quality standards are documents that contain rules, specifications, guidelines, or characteristics that can be utilized regularly to guarantee that materials, products, processes, and services are fit for purpose.

Thus, the ideal selection is option C.

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Answer:

C- Measurable

Explanation:

This was the correct anser on my test

which of the following is included in an individual taxpayers federal gross income?

A. certain income from discharge of indebtedness

B. disaster relief payments

C. a federal income tax refund

D. interest on state and local municipal bonds​

Answers

Answer:
C. A federal income tax refund.

One of the ways a supervisor can gain control is by:
O a. perceiving situations as problems rather than challenges.
O b. planning and identifying both long-term and short-term goals.
O c. taking a series of short vacations rather than a long vacation.
O d. declining rewards when something worthwhile is accomplished.

Answers

perceiving situations as problems rather than challenges. [option a] is one of the ways a supervisor can gain control.

The span of control, also known as span of control, is a term used in business management, especially human resources management. This term refers to the number of subordinates or direct reports that a manager is responsible for.Command range refers to the number of subordinates a superior can effectively manage. Simply put, a manager who has a group of direct reports to him is known as a management span.Leadership scope refers to the horizontal levels of the organizational structure. Leadership has broad and narrow spans. Larger spans have fewer hierarchical levels and therefore a flatter organizational structure. Narrow spans increase the hierarchical level while the organizational structure grows.

Hence, supervisors can easily control subordinates by the span of management.

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which step of the planning phase of the strategic marketing process involves developing a plan for how to satisfy customer needs, while the who and what aspects had been determined previously?

Answers

The marketing program step of the planning phase of the strategic marketing process involves developing a plan for how to satisfy customer needs.

The marketing program is a way of considering the whole scale of our marketing activity for the complete organization.

This receives damage down by our individual product or product families. once in a while, we've products that are institution together and they are comparable by some means or have the same kind of brand.

A marketing plan lays out your commercial enterprise approach to obtaining new clients and promoting more services and products. However, it additionally serves as a manner of analyzing precisely how a success your advertising efforts were so far.

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You realize you forgot to pay yourself for work done in February. You create an account called
"Accrued Expenses" (Account #221) and record the $300 due you for your accounting work
You use Feb23.2 as the entry number

Answers

Based on the fact that you created an account called accrued expenses and need to record the $300 you are due for your accounting work, the journal entry would be:

Date                  Account Title                                 Debit             Credit

Feb 23             Accrued expenses                         $300

                        Accounts Payable                                                $300

How to record accrued expenses?

Accrued expenses are expenses which means that they will be recorded like expenses are. When expenses increase, they are debited to the expenses account which in this case is the Accrued expenses account. The amount of $300 is therefore debited to the Accrued expenses account.

Accrued expenses mean that a business has not paid for certain expenses and so owe them. They will therefore be credited to the accounts payable account as was done above.

Rest of the question is:

You use Feb23.2 as the entry number to make the relevant journal entry.

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if steak and potatoes are complements, when the price of steak goes up, the demand curve for potatoes:

Answers

When the price of steak goes up, the demand curve for potatoes shift to the left.

The potato is a starchy tuber of the plant Solanum tuberosum and is a root vegetable and a fruit native to the Americas. The plant is a perennial within the nightshade own family Solanaceae. Wild potato species can be determined from the southern u.s.a. to southern Chile.

In addition to starch, potatoes contain nutrients, minerals, and fiber. they're wealthy in vitamin C, that's an antioxidant. Potatoes had been a existence-saving food supply in early instances because the vitamin C averted scurvy.

Clean potatoes are baked, boiled, or fried and utilized in a marvelous variety of recipes: mashed potatoes, potato pancakes, potato dumplings, twice-baked potatoes, potato soup, potato salad and potatoes au gratin, to call a few.

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as a general rule, is it safe to assume that a change in the price of a good will always have its most significant impact on the quantity demanded of that good, rather than on the quantity demanded of other goods? explain.

Answers

When in doubt, an adjustment of the cost of a kindness essentially affects the amount requested of that great, however not consistently. In the event that the positive quality in setting is a second rate great, the replacement and pay impact will work in inverse headings decreasing the impact of progress.

As a rule, this doesn't know it is right, in light of the fact that changing the shopper's utilization of substitutes and supplements to the essential great requires first changing the buyer's utilization of the essential great. In the event that the cost of apples ascends, for instance, a shopper can change to oranges by first decreasing his apple consumption.

What is the standard expressing that more will be requested at lower costs?

The law of interest expresses that as the cost of a decent declines, the amount requested of that great increments. All in all, the law of interest expresses that the interest bend, as a component of cost and amount, is consistently descending slanting.

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what is the diference between gdp and gnp

Answers

Answer:

GDP measures the goods and services produced within the country's geographical borders, by both U.S. residents and residents of the rest of the world. GNP measures the goods and services produced by only U.S. residents, both domestically and abroad.

Explanation:

Answer:

GDP measures the goods and services produced within the country's geographical borders, by both U.S. residents and residents of the rest of the world. GNP measures the goods and services produced by only U.S. residents, both domestically and abroad.

Explanation:

Hope it helps

This theory establishes that people have 5 basic needs:physiological, security, social, esteem, and self-actualization

Answers

This theory establishes that people have 5 basic needs:physiological, security, social, esteem, and self-actualization:

Maslow's hierarchy of needs is a motivational theory.

What is the association of the term “integration” with ERP?

Answers

Answer: ERP integration is the method by which a business connect its ERP (Enterprise Resource Planning) software with other applications.

Explanation: ERP integration, to put it, simply, links and synchronises ERP software with other programs and data sources. Whether the data comes from the ERP or other systems, ERP software integration gives you a unified picture of data from several systems in real time.

Once a corrective action plan begins addressing or fraud waste
True or false

Answers

Once a corrective action plan begins addressing or fraud waste. This statement was the false. Thus, option (b) is correct.

What is waste?

The term waste are the non-used items. The waste items are the decomposed and the recycled. The waste material are to be the uses as well as the non-used.

The corrective action plans are not to describe the fraud or the waste. They are the ongoing of the employee's activity to the measure. The given the statement are the false.

Therefore, option (b) is correct.

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A United Nations report shows the mean family income for Mexican migrants to the United States is $27,300 per year. A FLOC (Farm Labor Organizing Committee) evaluation of 20 Mexican family units reveals a mean to be $28,500 with a sample standard deviation of $9,651. Does this information disagree with the United Nations report? Apply the 0.01 significance level.

a. State the null hypothesis and the alternate hypothesis.



b. State the decision rule for 0.01 significance level. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.)



c. Compute the value of the test statistic. (Round your answer to 2 decimal places.)



d. Does this information disagree with the United Nations report?

Answers

A United Nations report shows the mean family income for Mexican migrants to the United States is $27,300 per year. A FLOC (Farm Labor Organizing Committee) evaluation of 20 Mexican family units reveals a mean to be $28,500 with a sample standard deviation of $9,651.

stated mean is 27,300 per year.

sample of 20 family units reveals a mean of 28,500 with a sample standard deviation of 9,651.

sample standard error = standard deviation of sample divided by square root of sample size.

sample standard error = 9,651 / sqrt(20) = 2158.029205.

since standard deviation is from sample rather than from population, use t-score rather than z-score.

degrees of freedom is equal to sample size minus 1 = 20 - 1 = 19.

t-score = (sample mean minus assumed population mean) / standard error.

t-score = (28,500 - 27,300) / 2158.029205 = .5560629102

alpha for .01 significance level for two sided distribution is the same as .005 significance level for one sided distribution.

if using t-score tables, you would look for critical t-score of .01 for two sided distribution or critical t-score of .005 for one sided distribution.

either one is for 19 degrees of freedom.

using the ti-84 plus scientific calculator, i looked for critical t-score of.005, since the calculator assumed one sided distribution table.

critical t-score is between -2.86 and 2.86 according to TI-84 Plus.

critical t-score table confirms this value is true at .01 alpha for two tailed distribution and at .005 alpha for 1 tailed distribution.

i'm reasonably certain this is accurate.

since the t-score is .5560629102, it is well within the confidence interval limits.

you would therefore reject the alternate hypothesis becauwse the results of the tewt are not significant.

they are significant if outside the limits and not significant if inside the limits.

your alternate hypothesis is that the scores are not equal to the assumed mean.

your null hypothesis is that they are equal to the assumed mean.

since the t-score is well within the confidence limits, this mean that the sample mean is most likely different from the assumed population mean due to random variation in sample means of size 20.

in order for you to reject the null hypothesis, the t-score would have had to be either less than -2.86 or greater than 2.86.

then you could have considered that the sample means difference from the assumed population mean would not have been likely to chance variations at the .01 significance level.

you can assume that the data does not contradict the report.

that means you aqcept H0.

Define culture.How does cultue variations affect work behaviour and job performance provide examples to show why a knowledge of such difference is imporatnat to managers

Answers

Culture is the amalgam of ideas, beliefs, behaviours, values, rituals, art forms, cuisine and living style of a community or group of people.

Cultural variations create distinctions between the employees and act as the single most important determinant of work behaviour and job performance. They help in determining the work ethics, the cohesiveness of teams and the individual performance of each employee. Cultural variations also play a role in enhancing inclusivity in the workplace and overall job performance.

Cultural variations are of immense importance to managers as they not only help in increasing active participation and collaboration between all employees but also provide an insight into the strengths and weaknesses of each employee. Let us take an example, suppose Michael and Meena belong to USA and India respectively. Both Michael and Meena might be efficient in their ways but to make the best of both worlds, the manager must be aware of the cultural variations to ensure that they work cohesively in a team.

The commercial aspects of culture though of immense significance, are often ignored and sidelined.

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what type of contract allows the offeree a fixed amount of time to consider an offer without the offeror being able to revoke the contract during that fixed period of time?

Answers

Defined Terms - A contract proposal must be sufficiently clear. To put it another way, the conditions of the offer must be sufficiently detailed for the offeree to comprehend and accept it. (Also see: Sum Certain.) The offeree must be aware that she is the one who will receive the offer and has the option to accept it.

Is it necessary for an offer to be firm?According to contract law, the conditions of the offer must be specific and plain so that a reasonable person may understand what his or her responsibilities under the agreement would be. A valid offer generally remains in effect until it is withdrawn by the person offering it.The fundamental components necessary for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality are: mutual assent, expressed through a contract-compliant offer, In some states, a legitimate alternative can satisfy the requirements of consideration.Offers, Both Express and Implied : An offer is considered to be express when it is made by the offeror in writing. A verbal or written express offer can be sent. An implicit offer is one that can be inferred from the facts of the case or the actions of the parties.

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Gary is opening a restaurant. Determine whether his costs are fixed or
variable. Use F for fixed and V for variable.

Takeaway boxes
Rent
Credit card bill
Ingredients

Answers

The cost will be:

Takeaway boxes - Variable cost

Rent - Fixed cost

Credit card bill - Variable cost

Ingredients - Variable cost

What are fixed cost?

Fixed Costs are those costs that are immutable i.e they cannot be changed.

Variable Costs are those costs that change or vary with the rate of production. For example, if the production rate increases or decreases, they also increase or decrease. They are also known as a direct cost

Takeaway boxes - V This is because as production or demand increases takeaway boxes will also increase

Rent - F This is because whether  production or demand increases or decreases, the rent remains the same

Credit card bill  -  V This is because as production or demand increases credit card bill will also increase

Ingredients  - V This is because as production or demand increases demand will also increase

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Jones Corporation reported current assets of $189,000 and current liabilities of $134,000 on its most recent balance sheet. The current assets consisted of $62,800 Cash; $44,200 Accounts Receivable; and $82,000 of Inventory. The acid-test (quick) ratio is:

Multiple Choice

1.4 : 1.


0.80 : 1.


0.57 : 1.


1 : 1.


0.61 : 1.

Answers

The acid-test ratio of Jones Corporation is 0.80 : 1.

What is the acid-test ratio?

Acid test ratio also known as the quick ratio is used to measure the ability of short term assets to meet the current liabilities of a firm. The acid test ratio is an example of a liquidity ratio. Liquidity ratio measures the ability of a company to meet its short term liquidity

Acid test ratio = (current asset - inventory) / current liabilities

Acid test ratio = ($189,000 - $82,000) / $134,000

Acid test ratio = $107,000 / $134,000

Acid test ratio = 0.80

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Frank (48) and Suzanne (51) are married, and they will file a joint return for 2021. During the year, Frank earned $94,000 in wages; Suzanne earned $4,500 from a part-time job. They had no other income. What is the maximum amount the couple may contribute to Suzanne's traditional IRA?

A. $0

B. $4,500

C. $6,000

D. $7,000​

Answers

From the information given, the contribution limit to Suzanne's Traditional IRA is $7,000. As of 2021, the cap on contributions was $6000, or $7,000 for those 50 years or older. Since Suzanne is 51 years old, and the contribution is going into her IRA, the correct answer thus, is option D.

What is IRA?

In the United States, an individual retirement account (IRA) is a type of pension offered by numerous financial organizations that provides tax benefits for retirement savings. It is a trust that holds financial assets acquired with a taxpayer's earned income in order to assist the taxpayer in old age.

The three most frequent forms of individual retirement accounts are traditional IRAs, Roth IRAs, and rollover IRAs. Inherited IRAs and Custodial IRAs are two forms of typical IRAs. SEP IRAs and SIMPLE IRAs are two further forms of IRAs designed for self-employed people and small enterprises.

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