Answer:
a) Elastic
b) total revenue is increased
Explanation:
a) The demand is elastic over the given range.
The demand is elastic because, with the variation in the price of the brownies the demand for the brownies varied too i.e the demand changes.
b) Now,
if the elasticity is same for the decline in price from $1.00 to $1.50 i.e 300
the revenue will increase as:
when the price was $1.00 the demand is 100
i.e
the total revenue = $1.00 × 100 = $100
now,
when the price decline to $0.50 the demand changes to 300
i.e
the total revenue = $0.50 × 300 = $150
hence,
the total revenue is increased.
A rightward shift in the aggregate supply curve will occur when: there is a decrease in price input.
<h3>What is a supply curve?</h3>
A supply curve is a graphical representation of how the market would behave or move in there is a change in supply. It is a representation of the relationship between the quantity supplied for a given period of time and the prices of goods and services.
A rightward shift in the short run aggregate supply curve will then occur anytime there is a decrease in the price input.
Learn more about Supply Curve here:
brainly.com/question/26430220
Answer:
27.79
Explanation:
According to the given situation, the computation of average fixed inspection cost per unit is shown below:-
Average fixed cost of inspection = Inspection cost ÷ Machine hous in a month
= $197,309 ÷ 7,100
= 27.79
Therefore for computing the average fixed inspection cost per unit we simply applied the above formula.
Answer:
Human Resource Manager
Explanation:
Human Resource Manager is a personnel in a firm who is charged with the responsibilities of carrying out all functions relating to the company's compensation and benefits, training and development, employee relations, and recruitment and selection.
Hence, specifically in areas such as compensation and benefits, and training and development, Human Resources Manager would provide advice to managers on how to reduce the organization’s costs.
Answer:
The manager should make sure that both the task specialist and socioemotional roles are being performed on the team.
Explanation:
In the given scenario the team is split into three factions around what kinds of events to host and what kinds of customers to target, and communication is sometimes not respectful.
There is need to resolve both the social problem of disrespect and the specialist problem of having different opinions about types of events and customers to target.
As a manger it is important that socioemotional roles are performed in the group to make the factions respect themselves.
This will easily promote communication and help resolve the specialist differences the factions are having
