The price elasticity of toy cars that you sell is –4.00 [negative 4]; you currently charge a price of $5.00 and marginal cost of toy cars is $3.00. Using the above information, you should be able to find the price that will maximize your profits. a. $4.25 b. $5.00 c. $3.50 d. $3.25 e. $5.50 f. $4.00 g. $4.50 h. $3.00 i. $5.75 j. $6.00 k. $3.75 l. $4.75 m. $5.25

Which feature is a characteristic of a corporation?

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

An increase in mexico’s demand for united states goods would cause the value of the dollar to