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melisa1 [442]
4 years ago
9

4. Problems and Applications Q4 A price change causes the quantity demanded of a good to increase by 12%, while the total revenu

e of that good decreases by 16%. True or False: The demand curve is elastic in this region. True False
Business
1 answer:
Klio2033 [76]4 years ago
6 0

Answer:

False

Explanation:

Demand is inelastic

Demand is inelastic if a change in price has little or no effect on quantity demanded. The coefficient of elasticity is less than one because the percentage change in price is greater than the percentage change in quantity demanded

If demand is inelastic and prices fall, the quantity demanded would rise. But the rise in quantity demanded is less than the price reduction. Therefore, total revenue would fall.

I hope my answer helps you

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Rev. Elvin Snider is the ordained minister at Crossroads United Methodist Church. His salary on his Form W-2 is $20,000. He also
8_murik_8 [283]

Answer: $32000

Explanation:

It should be noted that ministers or clergymen can exclude the home rental value or housing cost from the calculation of the gross income

Rev. Snider's self-employment income

Therefore, in this case, Rev. Snider's self-employment income will be:

Salary = $20,000

Add: Housing allowance = $12000

Total = $32000

6 0
4 years ago
Compensation for top executives (e.g., CEOs and CFOs) has become more variable over time. For example, recent data show that in
Luba_88 [7]

Answer:

Because :- CEOs & CFOs can have significant impacts throughout the entire business, & the type of reward plan will encourage the CFOs to work in a more rational manner.

Explanation:

CEOs & CFOs are a part of upper level of management of an organisation. Effectiveness & Efficiency of their managerial skills is very crucial to management of company. So, to encourage proper management of companies by senior managers, they can be incentivised by mix of fixed & variable salary structure. The variable component of salary as per company performance under CEO or CFO, positively motivates them to improvise their performance, which subsequently improves company performance.

3 0
4 years ago
A company acquired mineral rights for $7,500,000. The mineral deposit is estimated at 600,000 tons and during the year 100,000 t
omeli [17]

Answer:

The answer is given below;

Explanation:

a. Depletion Expense for the year  ($7,500,000/600,000)*100,000=$1,250,000

b. The net income and as a results retained earnings  will be reduced $1,250,000

c.    The mineral rights will be reported at $7,500,000-$1,250,000 =$6,250,000

7 0
3 years ago
Small business owners are well-advised to purchase management, communication, and productivity software products and services th
lara31 [8.8K]

Answer:

integrate

Explanation:

Small business owners are well-advised to purchase management, communication, and productivity software products and services that  integrate with one another. when this software is learnt and are well integrated it helps the productivity and customer base of the small scale business owners. it  further helps them to work fast and gives them the the knowledge to handle more responsibilities.

8 0
3 years ago
In what way does the strategic alliance between gm and lyft allow gm to hedge against uncertainty?.
san4es73 [151]

The strategic alliance between GM and Lyft allows GM to hedge against uncertainty by giving GM access to the market of the future, increasing its market innovation.

Through this strategic alliance, GM demonstrates innovation in its processes by investing in a car rental market, as there is an expectation that in the future there will be a drastic reduction in private cars.

<h3 /><h3>What is a strategic alliance?</h3>

Corresponds to an agreement between two or more companies, where there is an independent partnership for sharing organizational resources, such as technology, market and knowledge.

Therefore, through the partnership with Lyft, GM is already entering an innovative and expanding market, developing its positioning strategy for the future.

Find out more about strategic alliance here:

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6 0
2 years ago
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