Life Cycle manufactures and sells exercise bikes. If the price of an exercise bike is $154, then the company sells 213 bikes per week, and the elasticity of demand is −0.462. Assume that the demand function is differentiable and that the only time the company sells exactly 213 bikes per week is when the price of a bike is $154. Given this situation, which of the following do you know MUST be true? a. The marginal profit is positive when Life Cycle sells 213 bikes per week.
b. The marginal profit is negative when Life Cycle sells 213 bikes per week.
c. The marginal revenue is negative when Life Cycle sells 213 bikes per week.
d. The marginal revenue is positive when Life Cycle sells 213 bikes per week.

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.