Answer:
A) Price elasticity of demand = 8
B) PED is elastic
C) increase Danny's total revenue
Explanation:
we can calculate the price elasticity of demand using the formula:
PED = % change in quantity demanded / % change in price = [(300 - 100) / 100] / [(1.5 - 2) / 2] = (200 / 100) / (-0.5 / 2) = 2 / 0.25 = 8
if the PED is the same when the price decreases from $1 to $0.50, total revenue will :
- when price = $1.50, total revenue = $1.50 x 300 = $450
- when price = $1, total revenue = $1 x 1,100 = $1,100
*a 33.33% decrease in the price will cause a 266.6% increase (= 33.33% x 8) increase in the quantity demanded = 300 units + (300 x 266.6%) = 300 + 800 = 1,100 units
Answer:
The correct answer is letter "D": All of the above.
Explanation:
Budgets are estimates of the expenses that may be incurred during the development of a project. Managers try to keep the expenditures as close as to the budget to make sure a reasonable amount of resources were used. Though, disadvantages of counting on budgets are, for instance, that they are set mostly to a single level of activity without considering adjustments that might be necessary as a result of external changes; also, budgets are a constraint for projects since the executive responsible must monitor how the resources are spent periodically to find out if they will be enough for the project completion.
Effective sales promotion activities target dealers and customers.
<h3>What is an effective sales promotion?</h3>
Sales promotion are all the activities and methods undertaken by a producer to increase sales of its products to the users or marketers of the products. The users of a product include customers and dealers are the marketers of the product. An effective sales promotion has to target both parties.
To learn more about business promotion, please check: brainly.com/question/1421217
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Answer:
An incentive is a reason or reward for doing a particular task and is central to understanding economics. If there is not a good reason to make a product or provide a service, then no one will make that product or provide that service. One major incentive in any action is the opportunity for a reward.
<span>Dbms vendors can publish meta dictionaries to facilitate data exchanges......
DBMS stands for data base management system is a computer software system or application which is used for creating and managing databases (which are organized collection of data). </span><span>Programs access the </span>DBMS (database management system)<span>, which then accesses the data.</span>
