1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jekas [21]
2 years ago
5

If wheat farmers know that the demand for wheat is inelastic, and they want to increase their total revenue, they should all?

Business
1 answer:
Sedbober [7]2 years ago
5 0

If wheat farmers know that the demand for wheat is inelastic, and they want to increase their total revenue then they should increase the price of wheat to increase total revenue.

Given that the demand for wheat is inelastic and the farmers want to increase their total revenue.

We are required to find how the farmers increase their total revenue if the demand of wheat is inelastic.

Inelastic demand means that the demand is likely not to be change by a change in the price of commodity.

If the demand is not likely to change by the change in the price then the farmers can increase their total revenue by increasing the price because the total revenue is the product of price and quantity.

Hence if wheat farmers know that the demand for wheat is inelastic, and they want to increase their total revenue then they should increase the price of wheat to increase total revenue.

Learn more about inelasticity at brainly.com/question/26850555

#SPJ4

You might be interested in
The public relations function can be handled by an internal public relations officer or department or by an external public rela
SVEN [57.7K]

The company leaders make the decision of who will handle various public relations activities.

<h3>What are public relations?</h3>

Public relations specialists work to change how the general public views their clients' brands, reputations, or images. Unlike advertisers, public relations specialists convince for or earn good talk about their clients or organizations.

Public relations experts employ a variety of strategies to achieve their goals and uphold the organization's favorable reputation in the public eye. These strategies can all be employed as a component of an effective public relations plan even if they each have various uses and overlap. When necessary, a skilled, qualified PR expert will make use of all of them or a mix of them.

Learn more about public relations here:

brainly.com/question/20313749

#SPJ4

7 0
1 year ago
In the month of November, Carla Vista Co. Inc. wrote checks in the amount of $9,565. In December, checks in the amount of $11,46
liberstina [14]

Checks written in November $9,750

Less: Checks paid by bank in November $8,800

Checks outstanding at the end of November $950

Add: Checks written in December $11,762

Less: Checks paid by bank in December 10,889

Checks outstanding at the end of December $1,823

hope this helps!

- a random freshman

7 0
3 years ago
On January 1, 2019, Sheffield Corp. had the following stockholders' equity accounts. Common Stock ($12 par value, 81,300 shares
Whitepunk [10]

Answer:

In attachment.

Explanation:

In attachment.

Download docx
6 0
3 years ago
The rate of return required by investors in the market for owning a bond is called the:_______
VashaNatasha [74]

The rate of return required by investors in the market for owning a bond is called the <u>Yield to </u><u>maturity</u>

A bond's coupon rate is the rate it pays each year, and yield is the return it makes. A bond's coupon is expressed as a percentage of its face value. Face value is simply the face value of the bond or the value of the bond as quoted by the issuer.

A bond's current yield is the annual income from the investment, including interest and dividend payments, divided by the security's current price. Yield to maturity (YTM) is the expected total return from holding a bond to maturity.

The current yield is the annual rate of return on investment (interest or dividend) divided by the security's current price. This indicator looks at the current price of a bond rather than its face value.

Learn more about maturity here brainly.com/question/26376004

#SPJ4

6 0
2 years ago
If,at the current level of output, a firm's average cost is greater than its marginal cost, then:
nata0808 [166]

e)average fixed cost must be constant

6 0
3 years ago
Other questions:
  • A company that makes organic fertilizer has supplied the following data: Bags produced and sold 200,000 Sales revenue $ 1,560,00
    7·1 answer
  • Cost of Preferred Stock Torch Industries can issue perpetual preferred stock at a price of $57.00 a share. The stock would pay a
    14·1 answer
  • Suppose the baldwin company expands to other markets with good designs, high awareness and easy accessibility, what strategy wou
    11·2 answers
  • Which of the following items appears on the income statement before income before income taxes?
    11·1 answer
  • Consider a hypothetical closed economy in which households spend $0.70 of each additional dollar they earn and save the remainin
    7·1 answer
  • Young Corp. purchased equipment by making a down payment of $4,000 and issuing a note payable for $18,000. A payment of $6,000 i
    7·1 answer
  • Duncan Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $100,000 Allowance fo
    15·1 answer
  • Knowledge Check 01 On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man
    5·1 answer
  • In choosing between the range of alternative investments typically available to U.S. households, which of the following will pla
    6·1 answer
  • A team has been established to solve a problem with an industrial adhesive used by the firm. The three members are the​ installe
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!