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ZanzabumX [31]
1 year ago
8

Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear.

Business
1 answer:
irakobra [83]1 year ago
5 0

Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear ​increases.

If demand is elastic (price elasticity > 1), price and total sales are negatively related. In other words, an increase in price leads to a decrease in total sales.

Revenue is the amount of money generated WITHOUT subtracting the costs of business. In economics, the total sales test is a means of determining whether demand is elastic or inelastic. If an increase in price leads to an increase in total sales, demand is said to be inelastic because the increase in price does not significantly affect the quantity demanded.

Learn more about revenue at

brainly.com/question/16232387

#SPJ4

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On July 1, 2021, Tremen Corporation acquired 30% of the shares of Delany Company. Tremen paid $3,160,000 for the investment, and
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Answer:

Amount paid to acquire investments                            $3,160,000

<em />

Net income                                             $1,100,000  

Less: Yearly dividends (140,000*4) <u>($560,000)</u>

Income after dividends                          <u>$540,000</u>

Share in income after dividends

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Finance Test Questions

1. The concept of present value relates to the idea that*

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