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Artyom0805 [142]
3 years ago
6

If the price elasticity of demand for canned soup is estimated at minus1.62. what happens to sales revenue if the price of canne

d soup​ rises
Business
1 answer:
fiasKO [112]3 years ago
5 0

Answer:

If the price of canned soup rises, sales revenue shall drop.

Explanation:

The elasticity of demand in this case is -1.62, thereby it is relatively elastic.

Out of the above, the percentage change in quantity demand is less compared to that of price thereby when the price of canned soup rises then the total revenue drops.

When the price of canned soup falls then the total revenue rises.

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<span>$300 is the correct answer. The premium is the amount that you pay to an insurance company every month for them to provide you with insurance. The deductible, on the other hand, is the amount that the person paying for the insurance has to pay when they make a claim if they want the insurance company to pay out. Having a deductible makes premiums lower as it reduces the chance of people making smaller claims, and therefore reduces the insurance company's spending.</span>
7 0
3 years ago
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A manager invests $20,000 in equipment that would help the company reduce it's per unit costs from $15 to $12. He expects the eq
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Since the cost of $20,000 has been incurred two years ago, the firm should check and see as to how many units of the product were produced in the two years. Did the firm produce enough items to break even the cost of acquisition. Additionally the business should also check the current market value of this two year old equipment. The business manager should weigh in the savings that is to be obtained from outsourcing along with the resale value of the old machine and then take a declension as to whether the company should go for outsourcing. Also, the business manager must examine whether the outsourcing can happen for the long run. This is because two years down the line, outsourcing may have increased the cost and again another process may look attractive. So a through cost benefit analysis should be made before taking a decision.

6 0
3 years ago
If consumption increases, a) the SRAS curve will shift rightward, which will push the price level up. b) the SRAS curve will shi
SSSSS [86.1K]

Answer: Option (d) is correct

If consumption increases, the AD curve will shift rightward, which will increase the price level.

Explanation:

If the consumption increases in an economy as a result there is a rightward shift in the aggregate demand curve. This shift in the aggregate demand curve lead to increase in the price level as well as in the output level.

Because there is more demand in the economy which gives an advantage for the producer to charge higher price.

3 0
3 years ago
If Ralph has $2,900 in stable gross monthly income, what is the maximum total debt allowed for Ralph by conventional lenders
dezoksy [38]

Based on Raph's stable gross monthly income, the maximum total debt allowed per month is<u> $1,044</u>

Most conventional lenders prefer to lend to a person whose debt to income ratio is 36% and below.

Ralph's maximum debt allowed is therefore:

<em>= Debt to income ratio x Stable gross income </em>

= 36% x 2,900

= $1,044

In conclusion, Ralph's maximum debt is $1,044

Find out more about debt to income ratio at brainly.com/question/24814852.

8 0
2 years ago
Jane has just been appointed as purchasing manager of Tacoma Technologies Corp. The previous purchasing manager, who recently re
iris [78.8K]

Answer:

The classification of the given problem is discussed in the following subsection on the explanation.

Explanation:

It's also certainly expected that Jane's cooperative strategy for dealing with supplies will operate. The majority wins all strategy in today's global marketplace is riddled with a lot of consequences. Customer demand has become increasingly dynamic as well as any company that also has subcontractors prepared to fight from them will be guaranteed to win over the lengthy period.

  • Reducing supply volatility is yet another aim that could only be accomplished in partnership with either the distributors. In today's climate, the buying process appears to backstop these dangers toward both, instead of just place itself as being a cost-effective component.
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