A used car dealership rents 210 cars for $9 a day. They want to increase the price to maximize their profits. They notice that if they increase the price by $1.25 that they have fewer rentals. Create an equation for profit for the car dealership rental sales. Determine the price of the rental that maximizes profit

Q: Ad rank on Google is calculated using the equation: Ad Rank = f(.. expected impact of extensions and…

A: Answer is given below

Q: e process whereby national econ d business systems are becomin eply interlinked with each other led…

A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If you…

Q: Complete the table. >>> Answer to 2 decimal places. ТР TVC TC AFC AVC ATC MC 0 0 70 4.00 1 15 60…

A:

Q: In theory, fiscal policy can be as effective in stabilizing the economy as is monetary policy. What…

A: Fiscal policy is the policy that is made to achieve the stability by the government by using its…

Q: by Locke reflect concerns and problems of the 17th century? O Locke's ideas reflected a shift toward…

A: Answer -1  Property is a natural right derived from labor, according to John Locke. He maintains…

Q: Ben bought his brother a laptop 5 years ago which has a cost around 25,000PhP. The laptop's life…

A: The given variables are: Initial cost = PhP 25,000 Life = 10 years Semi annual maintenance after 5…

Q: Resource development is Multiple Choice the part of economics that looks at the operation of a…

A: Resource development refers to the development of resources in an economy. Resources should be used…

Q: Consider a market dominated by two firms with identical cost functions C(q) = c*q for some constant…

A: In Bertrand competition firms compete in prices rather than quantities . Cost function : C(q) = c*q…

Q: Is it justified that Russia is invading Ukraine? Why?

A: Relations between these (Russian and Ukrain) two countries have been difficult since the 2014…

Q: correct Question 19 Imagine your utility is given by In(w), where w is the amount of wealth you have…

A:

Q: Deflation means prices are declining and is an indication that economic conditions are…

A: Answer :- The above statement is true.     inflation means that prices are falling and it is an…

Q: In an industry with inverse demand curve p= 340 - 2Q, there are five firms, each of which has a…

A: here we calculate the quantity firm will produce by using the given demand curve and marginal cost ,…

Q: Consider the stage game shown in table below. Suppose this game is played twice. Also, assume that…

A: The ideal conclusion of a game occurs when there is no incentive to depart from the beginning…

Q: the or. O Tue O Fae

A: Economic liberalism is a political and economic theory that advocates for a free market economy…

Q: If an effective rate of interest is given 6%, compute for the interest rate if it pays thrice a…

A: Answer :-    Given data Effective rate of interest 6% And   Interest pays quartly.

Q: If nominal GDP is $1,000 and the money supply is $250 then money velocity is

A: Given money supply = 250 $ Nominal GDP = 1000 $ Velocity of money = Nominal GDp / Money supply =…

Q: Sherry has a goal of retiring with $371,060 by making weekly deposits into an investment account…

A: Given future value = $371,060 annual interest rate = 1.6% Weekly interest rate for weekly deposits =…

Q: Discuss the following: Land, in legal context, is not a scarcity in Hong Kong.

A: Scarcity is one of the most key aspects in economics.It implies that the quantity demanded or…

Q: Question 67 Which of the following is most likely to result in accelerated economic growth? O Higher…

A: Economic growth: - economic growth is the increase in the quantity of goods and services in an…

Q: 11. If the future price of good X is expected to increase, then what change in the equilibrium will…

A: The curve that depicts quantities that are being demanded by individuals at different price levels…

Q: If a local sports team seldom sells all of the tickets to a given game will the use of price…

A: Price discrimination means different prices are charged to various customers.

Q: Morty is looking into buying an apartment. He checked out a few places recently, and it looks like…

A: At the marketplace, an individual haveto make purchase or sale decision based on various economic…

Q: • P= price per tutoring session in ECON101. • P=price per tutoring session in Mathematics, which is…

A: Answer;

Q: Unemployment and the Labor Market-Work It Out: Question 2 Consider an economy with the Cobb-Douglas…

A: Since you haven't mention anything, I'm assuming you need the answer for 3rd part only.

Q: A simplified version of input-output analysis of a national economy has the following input-output…

A: Answer im step 2

Q: Explain how to determine a firm's cost of production and economic profit

A: Production Cost:- Manufacturing expenses are the expenses incurred by a firm when it manufactures an…

Q: For some years, Mel has contracted with several major pizza retailers for home delivery services. He…

A: Given,  Two Delivery Services : Current Van and New VanMARR : 12% Current Van : Purchased 10 years…

Q: which of the following are functions of the Federal Reserve System? Check all that apply O…

A: Supervising member banks: Following the establishment of rules and regulations, supervision—which…

Q: The goals of state and federal regulators can differ significantly. True False

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: You need to hire some new employees to staff your startup venture. You know that potential employees…

A: When an employer does not know the full value an employee will add when they join, but the employee…

Q: Air-Conditioning System 1 Air-Conditioning System 2 -12.000 -8,000 er year -750 -125 alue, $ -100…

A: The annual worth is the net of the multitude of advantages and costs brought about more than a…

Q: All of the following are risks of pricing too high, except O Low, unsatisfactory demand O Customer…

A: In the market, firms use different pricing strategies based on their specific market and…

Q: Suppose that Jane’s income increases from $1700 per month to $2350.  At the same time, her…

A: Imcome Consumption 1700 950 2350 1300

Q: Answer the following question and defend why you came to this conclusion using economic principles:…

A: The money supply basically refers to the overall amount of money in circulation in a given economy…

Q: SMARTPHONES (Millions) PPF 60 40 20 0 0 40 60 CORN (Millions of bushels) Which of the following is…

A: The production possibility frontier (PPF) is a business analysis curve that represents the various…

Q: A drug company produces a new drug. The inverse demand curve for the drug is P=205-200, where Q…

A: Answer; Inverse demand curve for the drug is: P=205-20Q Total revenue = TR =PQ= 205Q-20Q2 Marginal…

Q: France has a linear time track Select one: O True O False

A: In general, linear time tracking entails valuing time in terms of money. It can be observed in…

Q: How do you determine a budget for personal consumption?

A: A monthly budget is a structured financial planning tool that assists you in determining how much…

Q: 13. This question corresponds with the demand and supply curves below for good X Demand P900- 70p…

A:

Q: In an Open Access equilibrium of fishers maximizing their​ profits, new fishers will continue to…

A: an Open Access equilibrium of fishers maximizing is considered as an competitive market.

Q: QUESTION 6   Commercial banks purchase gov't debt, which counts as assets of commercial banks.…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The Federal Sentencing Guidelines for Organizations (FSGO) _____ encourages but does not require…

A: Financial Institutions and Activities are supervised and regulated by the Federal Reserve.Individual…

Q: Question 14 The accounting equation states: Assets Liabilities + Equity Assets + Liabilities -…

A: The correct answer is given in the second step.

Q: 'Credit' means Increase in an account Decrease in an account Right side of an account Left side of…

A: Accounting is basically a system that is used to record, summarize, and organize financial or…

Q: 4. Suppose the total revenue function is 4x2 + 3x + 2. Find the average and marginal revenue. In…

A: Given  Revenue function: y=4x2+3x+2            .... (1) We have to find average revenue, marginal…

Q: Which of the following is true of market social equilibrium if third parties, people outside the…

A: Externality refers to spill-over effect of a good on third party which is not involved in either…

Q: Refer to the following graph to answer the next five questions Milkshakes B PPF In the graph, Point…

A: Production possibilities frontier shows the combinations of two goods that a country can produce…

Q: Suppose that all investors have the disposition effect. A new stock has just been issued at a price…

A: Given,  Stock issued at a price of $50 A year later the stock will be take over price will be : $60…

Q: Refer to Illustration 19. Which of the tax systems represents the most progressive system? a. T1 b.…

A: Refer to Illustration 19. Which of the tax systems represents the most progressive system?

Q: QUESTION 13 13. This question coresponds with the demand and supply curves below for good X Demand…

A: