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
Ivenika [448]
3 years ago
6

When ruko, a device used to stream movies at home, increases prices by 48% total revenue decreases by 61%?

Business
1 answer:
Free_Kalibri [48]3 years ago
3 0

Answer: Demand is elastic

Explanation:

Total revenue from the sale of a good is negatively related to the price when demand for the good is elastic and positively related to the price when demand for the good is inelastic.

So, as increase in price by 48% decreases total revenue by 61%, therefore the demand for Ruko, a device used to stream movies at home is elastic.

You might be interested in
An agreement between the owner of a brand and another company or individual who pays a royalty for the use of the brand in assoc
levacccp [35]

Answer:

<u>Licensing.</u>

Explanation:

Brand licensing occurs when there is an agreement between companies to use a brand and its characteristics such as name, logo and image, upon payment of royalts for the use.

It is a strategy that occurs on a large scale worldwide due to the ease of use and the added benefits of using a consolidated brand in the market, which already has an established public, and added value, which generates an economic strengthening in companies that use this strategy. as well as increased reliability and profitability.

7 0
3 years ago
Explain the difference between a credit and a debit cards; weighing the pros and cons of both.
Katena32 [7]
Credit cards allow you to buy goods and services with credit and if you go over the credit limit you’ll be charged an overdraft fee but with debit cards you can connect the money you earn from your job to the card and spin the money on the card but when the money is gone you have to wait till next paycheck to spend more but they will not be an overdraft fee also credit cards can affect your ability to be approved for loans and pay house mortgages if your credit score is bad meaning you don’t have a good history of paying your bills on time it will make it hard for you to apply for car loans in house mortgages
7 0
2 years ago
Phillippe invested $1,000 ten years ago and expected to have $1,800 today He has neither added nor withdrawn any money since his
jasenka [17]

Answer:

The interest paid on loan was at floating rate which means that the investor earning was lower because of lower interest rate than the interest rate he was expecting.

Explanation:

Because the bond was dependent on the floating rate in the market. The borrower kept paying the investor at the floating rate not at the fixed rate which would had increased its investment worth to $1800. As $1600 is less than $1800 so the interest rate agreed was floating rate interest.

4 0
2 years ago
At the beginning of the year, Titanium Inc. estimated that overhead would be $100,000 and direct labor hours would be 20,000. At
Mariana [72]

Answer:

a.$5 per direct labor hour

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $100,000 ÷ 20,000 direct labor hours

= $5 per direct labor hour

Simply we divide the total estimated manufacturing overhead by the estimated direct labor hours so that the correct rate can come

All other information which is given is not relevant. Hence, ignored it

4 0
3 years ago
At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $175,000; Total Liabilit
Ne4ueva [31]

Answer:

$88,000

Explanation:

The computation of the ending balance of the retained earning balance is shown below:

As we know that

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

where,

net income is

= Revenues - expenses

= $50,500 - $33,000

= $17,500

And, the other items values would remain the same

So, the ending balance is

= $92,500 + $17,500 - $22,000

= $88,000

7 0
3 years ago
Other questions:
  • Charice wants to send an email to her manager. She has some concerns about the work a coworker is doing. Charice has noticed tha
    8·2 answers
  • The current market price of a share of Disney stock is $60. If a call option on this stock has a strike price of $65, the call c
    11·1 answer
  • The risk premium of a security is determined by its ________ risk and does not depend on its
    15·1 answer
  • the theme song from the movie jaws is an example of using sound for what purpose? dialogue heightening scene’s setting conveying
    5·2 answers
  • In all respects, company a and company b are identical except that company a's costs are mostly variable, whereas company b's co
    8·1 answer
  • When a​ firm's longminus−run average cost curve is horizontal for a range of​ output, then in that range production displays?
    12·1 answer
  • Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discou
    5·1 answer
  • __________ is marketing research to better describe marketing problems, situations, or markets such as the market potential for
    9·1 answer
  • A British grocery chain uses previously obtained U.S. dollars to purchase apples from the United States. This transaction
    5·1 answer
  • Marci rewarded her team with a bonus when she found that their performance exceeded the standards she had set. Which step of the
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!