Answer:
Percentage Change | Increase and Decrease
First: work out the difference (increase) between the two numbers you are comparing.
Increase = New Number - Original Number.
Then: divide the increase by the original number and multiply the answer by 100.
% increase = Increase ÷ Original Number × 100.
Explanation:
thats how you find out how to calculate percentage change in value
hope it helps
Answer: Total Revenue is $100 and the price elasticity is 0.4
Explanation: total revenue is computed as Price * Quantity
$0.5 * 200= $100
Elasticity is the degree of responsiveness of quantity demanded to a change in price.
Old price $1
New price $0.5
Old quantity 75
New quantity 200
Formula- % change in quantity demanded / % change in pride
NB change is (old-new)
Change in Qd= (75-200) / 75 =-1.67
Change in price=(1-0.5)/1=0.5
-1.67/0.5= -3.34
The negative is ignored in price elasticity and the answer is 3.34 which means the product is Elastic
Answer:
The correct answer is the third statement which says to maximize profits, the firm should produce less than 500 units.
Explanation:
The quantity of output produced is 500 units.
The marginal cost of producing 500 units is $1.50.
The minimum average variable cost is $1.
The price of the product is $1.25.
The firm will be at equilibrium when the price is equal to marginal cost. To maximize profits firm should decrease output to the extent that marginal cost comes to $1.25. At that point, the firm will earn profits as average variable cost is lower than the price.
Answer and Explanation:
There are several reasons why the number of lawsuits against auditors and the size of awards to plaintiffs has increased. Mainly, <em>Certified Public Accountant (CPA) firms are most likely to solve legal issues with companies in front of inaccuracies in audits without a judicial process</em> to avoid the fees, possible penalties they will have to take charge if found at fault. Thus, more lawsuits are created under that situation because those practices are not considered legal even if the plaintiff decides to come up to a resolution that way. This is because firms could still be operating unethically unless the law enforces laws in their operations.
The parts of a company's business model that are often easiest to identify are market strategy and market opportunity.
A market opportunity is a newly identified demand that a company could use to grow; often, this is because competitors aren't filling it.
A marketing strategy is a long-term plan for achieving a company's goals through comprehending customer needs and creating a distinct, sustainable competitive advantage. Everything is covered, from selecting the channels to use to get in touch with your customers to identifying them.
The target market for the venture, a competitive analysis, marketing strategies, estimated launch expenses, and funding sources should all be included in the business model of a new company.
For more information, Market strategy and market opportunity
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