A magazine has [x],000 subscribers paying $10 per year per s…
A magazine has [x],000 subscribers paying $10 per year per subscription. The manager surveys the subscribers and believes it will sell 100 fewer subscriptions for every $2 increase in the subscription price. What is the optimal subscription price to charge if the firm’s goal is to maximize its revenues? Enter your answer as a whole dollar amount (without a dollar sign).
Read DetailsAssume a firm purchases equipment for $150,000 and its usefu…
Assume a firm purchases equipment for $150,000 and its useful life is expected to be 12 years, with no salvage value. The firm depreciates the equipment using a “straight-line” basis. Construct a linear equation (V=f(t)) for solving for the book value (V) given the amount of time that has passed (t).
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