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3 years ago

Total revenue:

Business

1 answer:

pishuonlain [190]3 years ago

5 0

Answer:

remains unchanged as price increases when demand is unit elastic.

Explanation:

Total revenue = price × quantity

Demand is elastic when a small change in price has a greater effect on the quantity demanded.

If price is increased and demand is elastic, quantity demanded would fall more than the increase in price and total revenue falls.

Demand is inelastic if a small change in price has little or no effect on quantity demanded.

If price is increased and demand is inelastic, change in quantity demanded would be less than changes in price. As a result, total revenue would increase.

Demand is unit elastic if a change in price has an equal proportional effect on quantity demanded. The elasticity of demand always sums up to one.

If price is increased and demand is unit elastic, there would be no change in total revenue.

I hope my answer helps you

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oee [108]

Answer:

$119,176.06

Explanation:

Calculation for How much would you need to invest in B today

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If the exchange rate for canadian and u.s. dollars is 0.82777 to 1, this implies that 3 canadian dollars will buy ____ worth of

Delvig [45]

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3 years ago

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jeka94

Answer:

Results are below.

Explanation:

<u>To calculate the activities rates, we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

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3 years ago

The market value of the equity of Skipper, Inc., is $720,000. The balance sheet shows $46,400 in cash and $230,700 in debt, whil

shutvik [7]

Answer:

3.34 times

Explanation:

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The balance sheet shows a cash of $46,400 and debt of $230,700

The income statement has an EBIT of $103,700

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