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
Sav [38]
2 years ago
7

Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for

the good must be?
Business
1 answer:
ArbitrLikvidat [17]2 years ago
4 0

Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for the good must be elastic.

<h3>What is total revenue?</h3>
  • Total revenue is the total amount of money a seller can earn from offering clients goods or services.
  • The formula for this is PQ, or the purchase price times the quantity of the products sold.
  • A calculation or equation that describes how certain sources of revenue will behave on a graph.
  • The sum a corporation or business owner earns for the goods or services they sell during a given time period is known as total revenue.
  • The formula for total revenue assists business owners in determining whether to raise prices or provide a discount on their products.

Learn more about total revenue here:

brainly.com/question/13000391

#SPJ4

You might be interested in
Pham can work as many or as few hours as she wants at the college bookstore for $9 per hour. But due to her hectic schedule, she
amid [387]

Answer:

The correct answer is "she should work 16 hours per week at daycare center to earn $136.00"

Explanation:

Pham can earn at the college bookstore

$9 dollars per hour x 15 hours per week she can spend  

$9 x 15 = $135

At a café she can earn  

= $12 dollars per hour x 6 hours per week

=$12 x 6 = $72

At a garage she can earn

= $10 dollars per hour x 5 hours per week

= $10*5 = $50.

At a daycare center she can earn

= $8.50 dollars per hour x 16 hours per week

= $8.50*16 = $136.

If her goal is to maximize the amount of money she can make each week,

she should work 16 hours per week at daycare center to earn $136.00

6 0
3 years ago
A stores new environmental policy (PLS HELP ASAP)
Marat540 [252]

The policy is not practical because it is not enforceable. Lots of shops or businesses will not practice this as it will scare customers away.

<h3>Why is the policy not fair?</h3>

The policy is not fair because throw away paper is recyclable while plastic bags are not. Hence people who use paper should not be charged as much as those who use plastic bags, if at all.

<h3>What is the saving due if a person brings their own container to bag their groceries?</h3>

They most likely wills save 5% on every purchase made.

<h3>Why are environmental policies important?</h3>

The goal of environmental law is to safeguard the

  • land,
  • air,
  • water, and
  • soil.

Infractions of these rules result in a variety of penalties, including fines, community service, and, in severe circumstances, jail time.

Without environmental regulations, the government would be unable to penalize people who harm the environment.

Learn more about environmental policies:

brainly.com/question/3316812

#SPJ1

3 0
2 years ago
Which of the following investments has a higher present​ value, assuming the same​ (strictly positive) interest rate applies to
Sladkaya [172]

Answer:

Investment Y has a greater present value

Explanation:

present value is the sum of disoucnted cashflows

i would choose an interest rate of 10% to calcuate the present values

for investment X

cash flow in year 1 = $5,000

cash flow in year 2 = $7,000

cash flow in year 3 = $9,000

cash flow in year 4 = $11,000

I = 10%

PV = $24,605.56

or investment Y

cash flow in year 1 = $11,000

cash flow in year 2 =$9,000

cash flow in year 3 = $7,000

cash flow in year 4 = $5,000

I = 10%

PV = $26,112.29

Investment Y has a greater present value

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

7 0
3 years ago
Suppose that in Problem 13 a Type 2 service objective of 95 percent is substituted for the stock-out cost of$ 12.80. Find the re
evablogger [386]

Answer:

(Q, R) = (1555, 1400)

shortage imputed = $0.388

Explanation:

Lot size-reorder point system is one of the multi period models. This system is denoted by decision variables (Q, R). This multi period model is implemented when there is uncertain demand in inventory control.

nevertheless, in the simple EOQ model, demand is known and fixed. But when the demand is random, these lot size-reorder point (Q, R) systems allow random demand.

There are two decision variables in a (Q, R) system:

Order quantity, Q and

Reorder point, R

Additional steps are attached as files

8 0
3 years ago
Your car averages 28 miles per gallon (MPG). Your trip to work averages 14 miles. Gas costs 2.89 per gallon. What do you spend o
gogolik [260]

Answer:

57.8$

Explanation:

Here we know that:

- One trip to work averages 14 miles

- Therefore, one return trip home-work averages 14*2=28 miles

- You work 20 days per month

So, the average number of miles per month is:

m=28\cdot 20 =560 mi

Then, we also know that the car averages 28 miles per gallon; this means that the number of gallons consumed on average in 1 month is equal to the average number of miles (560) divided by 28:

g=\frac{560 mi}{28 mi/gal}=20 gal

So, 20 gallons per month.

Finally, we know that the cost of the gas is 2.89$/gallon. Therefore, the average total cost per month is equal to the average number of gallons per month (20) times the cost per gallon:

cost = (20 gal)\cdot (\$2.89/gal)=\$57.8

4 0
3 years ago
Other questions:
  • Nan and Neal are twins. Nan invests $5,000 at 7 percent at age 25. Neal Invests $5,000 at 7 percent at age 30. Both investments
    8·1 answer
  • Spectacular Corporation began the year with accounts​receivable, inventory, and prepaid expenses totaling $67,000. At the end of
    12·1 answer
  • Ben keeps a database for employee contact information. One of his employee's address changed. Ben needs to _____.
    12·2 answers
  • The economic system of the East Asian nation of Xinzen calls for public ownership of all businesses. The government has complete
    12·1 answer
  • Firms in a perfectly competitive market are said to be "price takers"—that is, once the market determines an equilibrium price f
    10·1 answer
  • Could you help with the question, please?
    14·1 answer
  • Garcia Co. sells snowboards. Each snowboard requires direct materials of $119, direct labor of $49, and variable overhead of $64
    8·1 answer
  • Are the actions undertaken by the companies or individuals in the following scenarios legal or illegal pursuant to U.S. law? Ple
    13·1 answer
  • Select the correct answer.
    10·1 answer
  • If the fed wants to raise the federal funds rate by one-half of a percentage point, it should _____
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!