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2 years ago

If the demand for product x is inelastic, a 15 percent decrease in the price of x will:____.

1 answer:

5 0

If the demand for product x is inelastic, a 15 percent decrease in the price of x will: Reduce by more than 15 percent the amount of X that is being requested. Reduce by less than 15 percent the amount of X that is being requested.

This is further explained below.

<h3>What is the inelastic market?</h3>

Generally, An economic concept known as inelastic refers to an item or service's static quantity when its price varies. When a product's price increases or decreases, customers' purchasing patterns are said to be inelastic, which indicates that neither change affects the other.

In conclusion,If there is no elasticity in the demand for product x, then a price reduction of 15% for product x will have the following effects: The quantity of X that is being requested should be decreased by more than 15 percent. The quantity of X that is being sought should be decreased by more than 10 but less than 15 percent.

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A company wants to set up operations in a country with the following corporate tax rate structure: Taxable Income Tax Rate <$

Alisiya [41]

Answer:

Taxable income = $240,000

Amount payable = $64,850

Explanation:

As per the data given in the question,

Taxable income :

Gross revenue = $400,000

Total cost = $100,000

Net profit = $400,000 - $100,000 = $300,000

Allowable tax deduction = $60,000

Taxable income = $300,000 - $60,000

= $240,000

Tax to be paid :

Computation of tax Amount to be taxed Rate Tax

$50,000 $50,000 15% $7,500

$50,000 to $75,000 $25,000 25% $6,250

$75,000 to $100,000 $25,000 34% $8,500

More than $100,000 $140,000 39% $54,600

Total tax $76,850

Amount payable = Total tax - Tax credit

= $76,850 - $12,000

=$64,850

3 0

4 years ago

Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow:

sveta [45]

Answer:

activitity rate:

$\left[\begin{array}{ccccc}$Activity&$Driver&$cost&$Total&$Rate\\$Machine Setups&setups&72,000&400&180\\$Special processing&$machine hours&200,000&5,000&40\\$General factory&$direct labor hours&816,000&24,000&34\\\end{array}\right]$

sprocked unit cost: $ 38.95

hub units cost: $ 93.00

Explanation:

We divide teh cost pool over the total of the cost driver.

This give us the activitty rate.

Then we multiply each rate by the use of each product:

And divide by the total units to get the unti manufacturing overhead

$\left[\begin{array}{ccc}$Activity&$Hubs&$Sprockets\\$Machine Setups&18,000&54,000\\$Special processing&200,000&0\\$General factory&272,000&54,4000\\$Total&490,000&598,000\\$Units&10,000&40,000\\$Overhead per unit&49&14.95\\\end{array}\right]$

Finally we add the cost component:

Sprocked:

materials $ 18 + $ 15 x 0.40 units + $ 14.95 = 38.95

Hubs

materials $ 32 + $ 15 x 0.80 units + $ 49 = 93

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3 years ago

What does attention to detail say about you as a leader?

ASHA 777 [7]

Answer:

that you are a good leader and can lead people to victory

Explanation:

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3 years ago

A full summary of all consecutive grants, conveyances, wills, records, and judicial proceedings affecting title to a specific pa

Bad White [126]

Answer:

B) Abstract and opinion.

Explanation:

Abstract and opinion can also be call Abstract of title:

this is the records or evidence of the full history of the property from the conveyance,wills, legal backing, and the list of those people that as assume ownership of the property for a particular period of time.

A full summary of all consecutive grants, conveyances, wills, records, and judicial proceedings affecting title to a specific parcel of real estate, together with a statement of all recorded liens and encumbrances affecting the property and their present status, but not including encroachments and forgeries, is known as a Abstract of Title or Abstract and opinion.

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3 years ago

Which dimension of the Big Five model refers to an individual's propensity to defer to others? A) conscientiousness B) agreeable

lisabon 2012 [21]

Answer:

agreeableness

Explanation:

Emotional stability measures the ability to withstand stress.

Conscientiousness measures the ability of a person to be reliable and organised.

Openness to experience measures interests and fascination with new things and experiences.

Extraversion measures the degree to which a person likes being with other people.

I hope my answer helps you

6 0

3 years ago

Read 2 more answers