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3 years ago

a firm learn that the own price of elasticity of a product it manufactures a 3.5 what would be the correct

Business

1 answer:

LekaFEV [45]3 years ago

5 0

Answer: Lower the price because demand for the good is elastic.

Explanation:

The good is elastic because the elasticity is more than 1. What this means is that when the price of the good is reduced by 1%, the demand of the good will increase by 3.5%.

If the company wishes to raise revenue therefore they should reduce their prices because more people would then buy the goods and the number of more sales would lead to higher revenue.

You might be interested in

hile monitor is a type of _______ role, negotiator is a(n) ______ role. informational; interpersonal interpersonal; decisional d

boyakko [2]

Answer:

Informational; Decisional

Explanation:

While monitor is a type of informational role, negotiator is a decisional role.

The managerial role is basically categorized into three types:

Interpersonal roles.
Informational role.
Decisional role.

These roles further characterized by different jobs for better performance and better co-ordination.

The interpersonal role has a different category of jobs: Figurehead, Leader and Liaison.

The informational role has three different categories of jobs: Monitor, Dissemintor and spokesperson.

The decisional role has four jobs category: Entrepreneur, disturbance handler, resource allocator and negotiator.

7 0

4 years ago

Effective lessons planning helps early childhood teachers

julia-pushkina [17]

Answer

An effective lesson planning helps early childhood teachers in the following;

• It ensures there is alignment across grades

• Prevents teaching from cover to cover

• It enables teachers to know “how to teach”

• Lesson plan improves the confidence of a teacher which teaching

• Effective lesson plan can be used by other instructors to teach

Explanation

There are many benefits of having a well organized and a clear lesson plan for a set of lessons. A good plan will allow for efficiency in learning and teaching. A teacher is therefore advised to adapt the plans in order to respond to questions raised by students in class and serve the needs of the students. It is better to thoroughly prepare but in class teachers should teach the students not the plan.

6 0

4 years ago

Consider a coupon bond with a 5% coupon rate. It will mature in one year and its yield to maturity is 10%. If the 1-year interes

brilliants [131]

Answer:

$95.45

Explanation:

First, we need to calculate the price of the bond using both yields to maturity

Current Price

Use the following formula to calculate the price of the bond

P = ( C x PVAF ) + ( F x PVF )

Where

F =Face value = $1,000

C =Coupon Payment = $1,000 x 5% = $50

PVAF = ( 1 - ( 1 + 10% )^-1 ) / 10% = 0.90909091

PVF = 1 / ( 1 + 10% )^1 = 0.90909091

Placing values in the formula

P = ( $50 x 0.90909091 ) + ( $1,000 x 0.90909091 )

P = $954.55

After 1 Year

The Bond will be matured on this time

At the of Maturity the price of the bond will be equal to the face value

Price of the bond = $1,000

Now calculate the return on the bond

Return on the bond = Coupon Interest + Price appreciation

Where

Coupon Interest = $50

Price appreciation = $1,000 - $954.55 = $45.45

Placing values in the formula

Return on the bond = $50 + $45.45 = $95.45

3 0

3 years ago

The Work-in-Process inventory account of a manufacturing firm shows a balance of $3,250 at the end of an accounting period. The

max2010maxim [7]

Answer:

$1.25

Explanation:

With regards to the above and given that;

Direct material = $510 310

Direct labor = $410 $670

Manufacturing overhead?

Work in process = Direct material + Direct labor + manufacturing overhead

$3,250 = $820 + $1,080 + MOH

$3,250 - $1,900 = MOH

MOH = $1,350

Overhead rate = MOH/Direct labor hour

= $1,350/1080

= $1.25

3 0

3 years ago

You find a particular stock has an annual standard deviation of 55 percent. What is the standard deviation for a two-month perio

ivann1987 [24]

Answer:

2 month standard deviation = 22.45%

Explanation:

Annual standard deviation = 55%

2 month standard deviation = Annual standard deviation / $\sqrt{12/2}$

2 month standard deviation = 55% / $\sqrt{6}$

2 month standard deviation = 55% / 2.44948974278

2 month standard deviation = 0.55 / 2.44948974278

2 month standard deviation = 0.224536559755416

2 month standard deviation = 22.45%

8 0

4 years ago