Answer:
decrease total revenue of textbook sellers.
Explanation:
Demand is inelastic if a change in price has a very little effect on the quantity demanded.
If price is reduced, the quantity demanded of textbooks would change by a little amount, so total revenue would fall due to a reduction in the price of textbooks.
Total revenue = price × quantity
Answer: output controls.
Explanation:
The real-world scenario best illustrates output controls. Output control refers to the technique that is used in analysing the output that is provided by a firm.
Output control focuses on the measurable results that are within an organization. Since the company encourages its employees to spend 15 percent of their time on projects of their own choosing and the ones who looks promising are financed to develop their commercial potential, this refers to output controls.
Answer:
A) the ratio of output to the number of workers used to produce that output.
Explanation:
As per definition, the average product of labor = Total Output/Number of workers employed
.
All the other choice involve the change in total cost/revenue/output which means it will be Marginal and not average.
Answer:
$62,160
Explanation:
Calculation for the operating cash flow
Using this formula
Operating cash flow=Pro forma net income+Incremental depreciation
Let plug in the formula
Operating cash flow = $45,930 + 16,230
Operating cash flow = $62,160
Therefore the operating cash flow will be $62,160
Answer: B. People who have been in an industry are most likely to be asked to be regulators of the industry.
Explanation:
The Capture Theory or Regulatory Capture refers to a situation where the agencies that are supposed to be regulating an industry come under the influence of the companies they are meant to be regulating.
This leads to a situation where the Agencies make regulations that favour these companies instead of the consumer.
One key way this occurs is the REVOLVING DOOR. This is known as the tendency of professionals to move between Government and Private jobs. Simply put, a professional could work in an industry and then go on to work in an Agency regulating that industry. Once this happens, the once private citizens could start influencing the Agencies in favour of their previous bosses.
