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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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emmasim [6.3K]

Answer:

Cost per unit= $2,500.70

Explanation:

Cost per unit of an item is the fixed cost of producing the item plus the variable cost.

That is:

Total cost = fixed cost + variable cost

In this instance the fixed cost (cost of the application) is given as $250,000

The variable cost (cost of delivery) is $0.7

For 100 units variable cost will be $0.7* 100= $70

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Cost per unit= 250,070/100

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3 years ago

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Answer:

<h2>In this case,the answer is option is B. or a positive economic statement.</h2>

Explanation:

In Economics or any Social Science,a positive statement basically refers to an assertion,proposition,fact etc. that can be practically tested or evaluated by examining statistical or empirical data,information and/or facts.
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kvv77 [185]

Answer:

U.S. appliance manufacturers would be more likely successful if they used a <u>Transnational</u> marketing strategy

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Aleks [24]

Answer:

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Explanation:

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To learn more about Fasb gain and loss, refer

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