Answer: Demand is Unit - Elastic over this price range.
Explanation:
When total revenue remains the same over various price level then the demand curve is unitary elastic.
Unit-Elastic demand - It depicts a demand curve which is perfectly responsiveness to changes in cost. That is, the amount of demand changes as indicated by a similar percentage changes in prices.
A demand curve with an elasticity of 1 is called as unitary elasticity of demand.
a Niche is A Pattern D is ur answer
Answer:
value of company inventory = $2600
so correct answer is B) $2,600
Explanation:
given data
normal selling price = $20
selling price fallen = $15
current inventory = 200 units
purchased = $16 per unit
cost fallen = $13 per unit
solution
we know that context inventory meaning is that inventory is reported the lower cost or the replacement cost
here lower is replacement cost = $13
so value of company inventory at lower of cost will be
value of company inventory = 200 units × $13
value of company inventory = $2600
so correct answer is B) $2,600
Answer:
Net Increase in profit is $27,000
Explanation:
* The data was missing in this question, a similar question is attached with the answer, and answer is made accordingly. Please find it.
Sales ( $350,000 x 120% ) = $420,000
- Variable cost ( 40% ) = $168,000
- Traceable fixed cost( 175000+15000) = <u>$190,000</u>
Net Profit = $62,000
Net Increase in Net Income = $62,000 - ( 350,000 - (350,000 x 40%) - 175,000 ) = 27,000
D. Suppose that the government imposes a tax on the oil refiner that makes the oil refiner pay twice per unit of output produced. is there T that induces the Pareto efficient level of o
