Answer:
3. inelastic.
Explanation:
Demand is inelastic if a change in price leads to little or no change in the quantity demanded.
If tuition is increased in order to increase revenue, demand for the school has to be inelastic.
If demand is elastic , if tuition is increased, the number of students enrolled in the school would drop and revenue would fall.
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Answer:
Break-even point= 150,000 hangers
Explanation:
Giving the following information:
It charges $0.04 and estimates its variable cost to be $0.01 per hanger. Laguna’s total fixed cost is $4,500 per month.
To calculate the number of hangers we need to use the following formula:
Break-even point= fixed costs/ contribution margin
Break-even point= 4,500 / (0.04 - 0.01)= 150,000 hangers
Answer:
If the Fed lowers the interest rates below the marginal product of capital, the Fed will boost consumption but promote less saving, because saving and investing in more capital will become less profitable.
However, the increased consumption will stimulate demand, and thus, increase ouput, but only in the short-run, because economic growth in the long-run depends on capital investment.
Answer:
The acre of land that it owns should be reported at $15,600
Explanation:
At the time of recording of the fixed assets, the fixed assets should be recorded at purchase cost or historical price
Since in the question, the land was purchased at $15,600 and various other land is also purchased in year 5. Moreover, the value of the land would also be increased to $27,600
But at the time of recording, the balance sheet would show at the purchase price i.e $15,600
Answer:
a. do not require a live presence yet provide a friendly human face
Explanation:
Podcasting is used in sending audio and video messages. They are now being employed by businesses to disseminate information to the public.
- Most podcasts are usually recorded and are not live.
- They present the voice in case of audio or the face of the podcaster in video.
- They do not require a live presence.
- Businesses can share new information about their products and services they render this way.
- Podcasts can be used over and over again in as much as the information they convey is still relevant.