you are the manager of a monopolistically competitive firm, and your demand and cost functions are estimated as q
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If you are manager of monopolistic competition firm, and your demand and the cost functions are estimated as q=36-4p.
What is monopolistic competition?Monopolistic competition is a form of imperfect competition in which several producers compete with one another yet sell goods that are distinguishable from one another (for example, by branding or quality) and are therefore not exact substitutes. In monopolistic competition, a business disregards the effects of its own pricing on those of its competitors and accepts the prices demanded by them as given. Monopolistic competition will give way to a monopoly that has been given by the government if this occurs in the presence of a coercive government. The business keeps extra capacity, unlike ideal competition. Industries are frequently modeled using monopolistic competition models. Restaurants, breakfast cereals, apparel, shoes, and service sectors in big cities are a few examples from textbooks of industries with market systems resembling monopolistic competition.
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Question:
You are the manager of a monopolistically competitive firm, and your demand and cost functions are estimated as quest?
Related Questions
Number 2 please please help me
Answers
Answer: See explanation
Explanation:
a. Public sector simply means the sector of the economy that the government controls. Examples include the military, public education, law enforcement, etc
b. The secondary sector is the sector of the economy that is concerned with how raw materials would be processed to become finished goods. The industries in this sector include construction companies, car manufacturers, textile industries, etc.
c. The tertiary sector of the economy is the sector that is concerned with services. This sector is important because:
• it helps in the provision of basic services like health care delivery, education, etc.
• it also helps in the development of several sector in the economy such as communication, and transportation.
• it contributes a huge part to the gross domestic product of a country.
d. The reason why some ministers may want to privatize some business include
• when the resources are not being efficiently utilized and there's wastage of resources.
• to improve competition
• it also brings about increase in effectiveness and efficiency.
e. The public sector alwayw produces goods and services more efficiently than the private sector as the government always looks to tackle market failure. Apart from that, the government looks out for the welfare of the people in the society and it's main motive is not profit maximization like the private sector.
In you opinion, what is a business?
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Answer:
a business is a organazation organized by a single perons or group in order to propfit from the business to grow the business to become susceful. Many Buisness are created everyday for example: Online businesses , You-Tube Channels, Inst-agram Accounts, Sound-Cloud rappers,etc. Some business may be more effecient that others. Business is an organization where people work together. In a business, people work to make and sell products or services. ... A business can earn a profit for the products and services it offers. The word business comes from the word busy, and means doing things. It works on regular basis.
When the consumer price index falls, the typical family has to spend fewer dollars to maintain the same standard of living.
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The given statement is true because when Consumer price index (CPI) falls results in lower prices of the given basket of goods and services.
A fall in the consumer price index means that the price of the goods and services has reduced which means that the consumers have to spend a lower amount to purchase the goods and services. They can maintain their existing standard of living by spending fewer dollars on purchasing the goods and services. Hence when the consumer price index increases it means that the consumers have to spend less dollars to maintain their standard of living.
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The formula for calculating the Price Elasticity of Demand is (% change in quantity demanded)/(% change in price) O % change in price)/(% change in quantity demanded) 2. The Price Elasticity of Demand tells us How much more people will buy when the price increases How sensitive the price is to a change in the quantity demanded How sensitive buyers are to a change in price How much less people will buy when the price decreases 3. If the Price Elasticity of Demand is greater than one (in absolute value) it means that buyers are not sensitive to a change in price so will not buy a lot less when the price increases buyers are sensitive to a change in price so will buy a lot less when the price increases buyers don't respond at all to a change in price O buyers will not buy any if the price increases even a little D 4.If the Price Elasticity of Demand is less than one (in absolute value) it means that buyers are not sensitive to a change in price so will not buy a lot less when the price increases buyers are sensitive to a change in price so will buy a lot less when the price increases buyers don't respond at all to a change in price buyers will not buy any if the price increases even a little 5. What can you tell about the Price Elasticity of Demand if the slope of the demand curve is somewhat flat? Select) Indicating that buyers are [Select] to a change in price. 6. What can you tell about the Price Elasticity of Demand if the slope of the demand curve is somewhat steep (looks more like an "1")? [Select) Indicating that buyers are [Select] to a change in price. 7. What will happen to Total Revenue if Demand is elastic and the price increases [ Choose Demand is elastic and the price decreases [ Choose Demand is inelastic and the price increases [Choose Demand is inelastic and the price decreases 8. The formula for calculating the Price Elasticity of Supply is O % change in quantity supplied)/(% change in price) O % change in price)/(% change in quantity supplied) 9. The Price Elasticity of Supply tells us How much more sellers will sell when the price decreases How sensitive the price is to a change in the quantity supplied How sensitive sellers are to a change in price How much less sellers will be willing to sell when the price increases D 10. If the Price Elasticity of Supply is greater than one it means that sellers are not sensitive to a change in price so will not be willing to sell a lot more when the price increases sellers are sensitive to a change in price so will be willing to sell a lot more when the price increases sellers don't respond at all to a change in price sellers will not sell any if the price decreases even a little
Answers
1. The correct formula for calculating the Price Elasticity of Demand is (% change in quantity demanded) / (% change in price).
2. The Price Elasticity of Demand tells us how sensitive buyers are to a change in price. Specifically, it measures the responsiveness of quantity demanded to changes in price.
3. If the Price Elasticity of Demand is greater than one (in absolute value), it means that buyers are sensitive to a change in price and will buy a lot less when the price increases. This indicates a relatively elastic demand.
4. If the Price Elasticity of Demand is less than one (in absolute value), it means that buyers are not very sensitive to a change in price and will not buy a lot less when the price increases. This indicates a relatively inelastic demand.
5. If the slope of the demand curve is somewhat flat, it indicates that buyers are relatively insensitive to a change in price. This suggests a relatively inelastic demand, as quantity demanded does not change significantly with price fluctuations.
6. If the slope of the demand curve is somewhat steep (looks more like a "1"), it indicates that buyers are relatively sensitive to a change in price. This suggests a relatively elastic demand, as quantity demanded changes significantly with price fluctuations.
7. If demand is elastic and the price increases, total revenue will decrease. This is because the increase in price leads to a proportionally larger decrease in quantity demanded, causing a decline in overall sales revenue.
8. The correct formula for calculating the Price Elasticity of Supply is (% change in quantity supplied) / (% change in price).
9. The Price Elasticity of Supply tells us how sensitive sellers are to a change in price. It measures the responsiveness of quantity supplied to changes in price.
10. If the Price Elasticity of Supply is greater than one, it means that sellers are sensitive to a change in price and will be willing to sell a lot more when the price increases. This indicates a relatively elastic supply.
1. (% change in quantity demanded) / (% change in price) is the right formula to use when figuring out the price elasticity of demand.
2. The Price Elasticity of Demand indicates how responsive consumers are to price changes. It gauges specifically how responsively quantity requested is to price fluctuations.
3. Consumers are sensitive to price changes and will purchase significantly fewer goods when prices rise if the price elasticity of demand is larger than one (in absolute value). This suggests that demand is reasonably elastic.
4. If the Price Elasticity of Demand is less than one (in absolute value), it indicates that consumers are not very sensitive to price changes and won't purchase significantly less goods as a result.
In summary, the Price Elasticity of Demand measures the sensitivity of buyers to price changes, while the Price Elasticity of Supply measures the sensitivity of sellers to price changes.
Elasticity values greater than one suggest greater responsiveness, while values less than one suggest lower responsiveness.
A flat demand curve indicates inelastic demand, while a steep demand curve suggests elastic demand. Changes in total revenue depend on the elasticity of demand and the direction of price changes.
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Cultures that score high on the Uncertainty Avoidance Index
O seldom experience much stress.
O take an empirical approach to knowledge.
O enjoy ambiguity.
O value security and try to always follow the rules.
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Answer:
seldom experience much stress.
Explanation:
countries that have high levels of uncertainty avoidance tend to be less stress-prone and more likely to take an empirical approach to knowledge. They also generally enjoy ambiguity and value security.
It is difficult to say definitively what the effects of scoring high on the Uncertainty Avoidance Index are, as every culture is different. However, in general, it seems that cultures that score higher on this index tend to experience more stress, take an empirical approach to knowledge, and value security more. They may also try to always follow the rules, which can lead to a feeling of rigidity.
The AutoSum icon is located in
which of the following groups on the
Home tab? *
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Answer:
The AutoSum option can be found in two areas: It is contained in the Editing group of the ribbon, as shown in the first example above. It can also be found under the Formulas tab.
Calculate the marketing expense variance, if the actual marketing expense and marketing expenses estimated in the plan are $98,000 and $80,000, respectively. The actual percentage of sales is 15%.a. $270,000. b. $2,700. c. $18,000. d. $1,800. e. $27,000
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Marketing expense refers to the costs incurred by a business or organization in promoting and advertising its products or services to customers.
It includes expenses related to advertising campaigns, market research, sales promotions, public relations, and other marketing activities.
To calculate the marketing expense variance, you need to find the difference between the actual marketing expense and the marketing expense estimated in the plan.
Here's the calculation:
Actual Marketing Expense: $98,000
Marketing Expense Estimated in the Plan: $80,000
Marketing Expense Variance = Actual Marketing Expense - Marketing Expense Estimated in the Plan
= $98,000 - $80,000
= $18,000
Therefore, the marketing expense variance is $18,000. The correct answer is option c. $18,000.
Marketing expense refers to the costs incurred by a business or organization in promoting and advertising its products or services to customers.
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his lesson starts on time (change into negative)
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Answer:
His lesson started late
Explanation:
The relationship between increasing prices and decreasing money value is called
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Answer:
Inflation occurs when prices rise across the economy, decreasing the purchasing power of your money.
Explanation:
Can I please get on the brainlist
________ political systems include democracies, constitutional monarchies, and some aristocracies.Select one:a. Fascistb. Totalitarianc. Pluralisticd. Anarchist
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Pluralistic political systems include democracies, constitutional monarchies, and some aristocracies.
Pluralism is a political theory that holds that power is widely distributed in democracies and that no single group or elite holds a monopoly on political power. In pluralistic political systems, there is usually a high level of political participation and diverse interest groups, political parties, and social movements that compete for power and influence. This competition helps to ensure that multiple perspectives are taken into account in decision-making, and that no one group can dominate the political process. This approach to politics stands in contrast to totalitarianism or authoritarianism, where power is highly centralized and held by a single group or individual.
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Which set of costs reflect the tradeoff of economic order quantity (EOQ)?
A. ordering and carrying costs
B.
fixed and variable costs
C. marginal and utility costs
D.
marginal and semi-variable costs
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When managing in a unionized environment, managers need to remember two words. Bilateral and.
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When someone manages in a unionized environment, they need to always remember the words including Bilateral and Proactive.
In a unionized work-environment, the employers must be enter an individual contracts with the employees since union is the bargaining agent for them.
In a unionized work-environment, the employees who are members of a union enjoys greater job security than the nonunion workers.Hence, when someone manages in a unionized environment, they need to always remember the words including Bilateral and Proactive.
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Two profit-maximizing firms - Firm A and Firm B, have identical marginal cost curves and face identical demand. However, Firm A has a higher fixed cost than Firm B. What will be true about the output produced by the two firms?
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Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 19 percent per year for the next 8 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 10 percent. If the dividend per share just paid was $1.52, what is the stock price?
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Answer:
Price of stock = $74.636
Explanation:
The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.
The price of the stock will the sum of the present value of the growing annuity and the growing perpetuity
Present value of dividend from year 1 to 8
The PV of the growing annuity = A/r-g) ( 1- (1+g)/(1+r)^n )
A- dividend payable now , r- required of return, g-growth rate, number of years
PV = 1.52×(1.19)/(0.1-0.19) × (1 -(1.19/1.1)^8)= 17.605
PV of Dividend from year 9 and beyond:
P = D× g/(r-g)
This will be done in two steps:
Step 1: PV(in year 8)of dividend = (1.52× 1.19^8× 1.05)/(0.1-0.05)= 122.250
Step 2 : PV in year 0 = 122.25× 1.1^(-8)= 57.030
Price of stock = 17.60 + 57.030= 74.63
Price of stock = $74.636
what are 2 things that could happen to disrupt customer loyalty life cycle???
Answers
Answer: salespeople and customers are essential for the success of business-to-business relationships, and research has shown that a change of the salesperson can severely harm financial performance.
Explanation: However, such interpersonal relationship disruptions may also have positive effects by encouraging vitalizing re explorations of the relationship.
Suppose the interest rate that banks are charging their best customers is 5.5%, the inflation rate is 1.5%, and the most recent economic growth rate was 3.1%. Calculate the real interest rate that would result from this scenario (to the nearest tenth of a percent).
Answers
The real interest rate can be calculated by subtracting the inflation rate from the nominal interest rate. In this scenario, the real interest rate would be approximately 4.0% (5.5% - 1.5%).
The real interest rate is determined by subtracting the inflation rate from the nominal interest rate. In this case, the nominal interest rate is 5.5% and the inflation rate is 1.5%. By subtracting 1.5% from 5.5%, we get a real interest rate of approximately 4.0%.
The real interest rate represents the purchasing power of the interest earned or paid on a loan or investment. It takes into account the impact of inflation, which erodes the value of money over time. In this scenario, the real interest rate of 4.0% suggests that the return on investment or the cost of borrowing is 4.0% above the rate of inflation. This information is valuable for individuals and businesses when making financial decisions, as it helps to assess the true profitability or cost of loans and investments.
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After reading through these pages and completing some of the activities, do you believe the decision to start a new business is a good one or would you advise that person to continue looking for employment? What are your reasons for coming to this conclusion?
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Incomplete question. I answered from a general perspective.
Answer:
Yes, if circumstances allow
Explanation:
While it may be best for someone to start a new business rather than go on looking for employment, it is also not always going to be the best option for some other person.
However, here are some advantages/benefits of starting a new business instead;
Become your own boss. By so doing you become self-employed; having the ability to control how to run your business. Gives you the privilege of earning additional personal income.Work flexible hours.A customer needs to attach a
A. credit report
to a customer authorization form
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Your mutual fund was valued at $237,500. It has lost 6% per year for the last 3 years. What is its value today?
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Answer:
$197,263.7
Explanation:
The current value can be found by use of the compound interest formula. Since the asset has been losing value at 6 % per year,
the interest rate will be -6%
The formula for compound interest is FV = PV × (1+r)^n
in this case
FV= current value
PV= $237,500
r= -6% or -0.06%
n= 3 years
Fv= $237, 500 x ( 1 + (-0.06)^3
Fv=$237,500 x (0.94)^3
Fv= $237,500 x 0.830584
Fv= $197,263.7
The current value =$197,263.7
The additional $600 unemployment benefit ended on July 25, 2020. Even with the $300 Lost Wages Assistance Benefit, many Texans are being evicted from their homes and cannot provide basic necessities for their family. The unemployment rate is now over 7% in Texas, above our natural rate of unemployment. Did the government make the right decision with ending the extra $600 unemployment benefit from the CARES Act? Why or why not? Explain your position.
Answers
Answer: No they did not at this rate many of the citizens will go bankrupt and the economy will suffer a great lost do to the increase of the unemployment rate
Explanation:
Would workers who formerly worked in agricluture find it easy to obtain jobs in the secondary or tertiary sector of industry? explain your answer
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Because agriculture is the sector that requires the greatest manpower. In the secondary and tertiary sectors, people might find simple labor-related occupations.
Is agriculture seen as a secondary industry?The jobs in the primary sector include mining, forestry, farming, and fishing. The secondary sector includes jobs in manufacturing, which includes the production of steel and vehicles. Tertiary vocations include teaching, finance, and banking, for example.
Why do individuals go from the primary to secondary sector?More products made in factories at low prices started to be used by people. The secondary industry rapidly overtook the primary sector in terms of employment and overall production. Consequently, a change has developed over time. This indicates that the sectors' relative importance had altered.
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Use these graphics to answer the question.
An association of medical researchers examined exercise trends among adults.
pls help need an answer fast
Which ratio shows the relationship between the total percent of people who exercised in 2014 to the percent of adults ages 18–24 who exercised in 2016?
47:42
58:45
48:59
48:50
Answers
The ratio that represents the relationship between the total percent of people who did exercise in 2014 compared to the the percent of adults ages 18–24 who exercised in 2016 is 48:59.
What is a ratio?A ratio is the comparison of two figures, this can be done with the past data, or can be done with the budgeted or any competitor. In the example given the data is compared with the past data, base year is 2014 and the current year is 2016.
The ratio that is calculated represents that the total percentage of people were 48% in 2014 and the adults in 2016 as a total represents a percentage of 59% and therefore the ratio is 48:59.
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Always comes up with a solution even in the most difficult situations is known to take the right decisions at the right time without hesitation does not have ego issues and is always available to help his teammates welcomes changes without any resistance james is approachable arrowright james is a good facilitator arrowright james is confident arrowright james is resourceful arrowrigh
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James is an effective facilitator because;
Even in the most challenging situations, a competent facilitator always finds answersIs renowned for making the appropriate decisions when necessary without second-guessingJames is approachable as a result of;
has no ego problems and is always willing to assist his colleaguesreadily accepts change without resistanceWho was facilitator and what are the qualities of facilitator?Any person who can make a task easier and which typically requires learning is referred to as a facilitator. Examples include facilitators in education and in organizations. In complicated organizations, facilitators are frequently required to make a task simpler and hence faster to accomplish. We will explore some broad characteristics that make a good facilitator because there are several sorts of facilitators depending on their particular areas of competence. These traits include;
A facilitator needs to be adaptableAn effective facilitator is familiar with group dynamicsA facilitator must have good listening skills.A excellent facilitator should treat others with respect.Must be willing to try new approaches.A skilled facilitator constantly finds answers, even in the most challenging circumstances.Is renowned for making the appropriate decisions when necessary without second-guessingThere are additional traits that make a good facilitator, however some of these traits typically depend on the facilitators' specific areas of competence. The demands placed on each area of competence vary frequently depending on that particular field.
Who is approachable person and what are their qualities?Someone who is approachable is someone who is simple to talk to or interact with. One trait of a person who is friendly is that they:
Do not have ego issues and are always willing to assist their teammatesreadily accepts change without resistanceMust have good listening skillsRequires patience and taking the time to hear other people's worriesOne of the traits a leader must possess is the ability to be approachable. Since most people will have complete faith in you, being approachable makes communication easier. This can help to a great extent in dealing with a problem before it gets out of hand, which reduces losses within the company.
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The different types of products a company carries is referred to as the _________ within product type is referred to as the ________ of the product line. depth and width modification and extension width and depth extension and modification None of options listed
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The different types of products a company carries is referred to as the product mix, whereas the width and depth of the product line refer to the variety and number of products within a specific product category.
The different types of products a company carries is referred to as the product mix, while the depth and width within a product type is referred to as the product line. Product depth refers to the number of different variants within a product line, while product width refers to the number of product lines that a company offers.
Modification and extension are two strategies that companies can use to expand their product mix, while extension and modification are not valid options for completing the sentence.
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A business is having trouble keeping up with the competition. They cannot
respond to their customers like the competition. Which type of system will
likely be able to help them solve this issue?
O A. Management communication system
B. Management information system
O C. Transaction processing system
D. Decision support system
Answers
Answer:a
Explanation:
Manage communication system
Using the information below, compute the cycle efficiency: Days' sales in accounts receivable15days Days' sales in inventory72days Days' payable outstanding35days
Answers
The cycle efficiency based on the given information is 52 days.
The cycle efficiency is a measure of how effectively a company manages its working capital. It is calculated by subtracting the days' payable outstanding from the sum of days' sales in accounts receivable and days' sales in inventory.
In this case, the days' sales in accounts receivable is given as 15 days, the days' sales in inventory is given as 72 days, and the days' payable outstanding is given as 35 days.
To calculate the cycle efficiency, we sum the days' sales in accounts receivable (15 days) and the days' sales in inventory (72 days), which gives us a total of 87 days. Then, we subtract the days' payable outstanding (35 days) from this total.
Cycle efficiency = Days' sales in accounts receivable + Days' sales in inventory - Days' payable outstanding
Cycle efficiency = 87 days - 35 days
Cycle efficiency = 52 days
Therefore, the cycle efficiency based on the given information is 52 days.
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An example of coordination is
Answers
Answer:
Being able to balance while walking on a thin rope.
Explanation:
Coordination, able to move, and to move effectively. So, this answer connects to the definition, since being able to walk on a rope without falling, means to direct your movement correctly.
Last year, Ricardo sold a piece of unimproved real estate to Cliff for $20,000. Ricardo acquired the property 15 years ago at a cost of $10,000. Last year, Ricardo received $4,000 cash and Cliff’s note in the amount of $16,000 for the remainder of the selling price, payable in subsequent years. Ricardo reported the sale using the installment method. This year, before Cliff made any further payments, Ricardo sold the note for $15,000 in cash. What is the amount of gain or (loss) Ricardo should report on this year’s tax return?
Answers
Which of the following is not true about the memory management?
A. virtual memory is used only in multi-user systems
B. segmentation suffers from external fragmentation
C. paging suffers from internal fragmentation
D. segmented memory can be paged
E. None of the above
Answers
The false statement about memory management is that virtual memory is used only in multi-user systems.
Virtual memory is a memory management technique that enables a computer to use more memory than it physically has by temporarily transferring data from RAM to a hard drive. It is not true that virtual memory is used only in multi-user systems. In fact, virtual memory is commonly used in both single-user and multi-user systems to allow programs to use more memory than is available in physical RAM.
The other statements are true. Segmentation suffers from external fragmentation, which occurs when the memory becomes fragmented and unusable due to allocated memory blocks being smaller than available memory blocks. Paging suffers from internal fragmentation, which occurs when memory is allocated in fixed-sized pages, resulting in unused memory space within a page. Segmented memory can be paged, meaning that segments can be divided into smaller units called pages and loaded into physical memory as needed.
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Tracey decides to lease a car for two years. She puts $0 money down and pays $209.15 per month. At the end of the lease, Tracey can buy the car for $11 000. The selling price of the car today is $13 500. What is the total cost of the car if Tracey buys it at the end of the lease?
Answers
Answer:
$16,019.6
Explanation:
The amount of money Tracey puts down for the car = $0
The amount Tracey pays each month for the lease the car = $209.15
The number of years Tracey leases the car = 2 years
The amount at which Tracey can buy the car at the end of the lease, Pp = $11,000
The selling price of the car today = $13,500
The total amount Tracey pays while leasing the car for two years, L = $209.15/month × 2 years × 12 months/year = $5,019.6
The total cost of the car if Tracey buys it at the end of the lease, C = Pp + L
∴ C = $11,000 + $5,019.6 = $16,019.6
The total cost of the car if Tracey buys it at the end of the lease, C = $16,019.6.