How much ever percent she cuts so will the value of her sales
Answer:
Answer for the question:
Patton Company purchased $900,000 of 10% bonds of Scott Company on January 1, 2015, paying $846,225. The bonds mature January 1, 2025; interest is payable each July 1 and January 1. The discount of $53,775 provides an effective yield of 11%. Patton Company uses the effective-interest method and plans to hold these bonds to maturity. On July 1, 2015, Patton Company should increase its Debt Investments account for the Scott Company bonds by :
$5,382.
$1,542.
$3,084.
$2,691
Is given in the attachment.
Explanation:
Answer:
B) Supply is inelastic, therefore, the price increased more than it otherwise would have.
Explanation:
The price elasticity of demand (PED) measures how much the quantity demanded of a product or service changes proportionally to a change in the price of the product or service.
If PED < 1, the demand is inelastic
PED > 1, the demand is elastic
PED = 1, the demand is unitary
When the PED is inelastic, if the price of a product or service changes 1%, then the quantity demanded will change less than 1%.
In this case the price increased a lot, but the quantity demanded only decreased a little bit.
Answer:
It should give 15 haircut
And maximum profit will be 112.5
Explanation:
It is given total cost
Corresponding marginal cost MC = Q
For maximizing profit P = MC
Assuming market price of haircut Q = 15
So it should give 15 haircut
So P = MC = Q = 15
Profit is equal to
Profit = PQ - TC
=112.5