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Gekata [30.6K]
3 years ago
12

Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $15 per basketball and

$600 when the price is set at $10 per basketball. without using the midpoint formula, identify whether demand is elastic, inelastic, or unit-elastic over this price range.
Business
1 answer:
SVETLANKA909090 [29]3 years ago
6 0
I think the answer is <span>unit-elastic over this price range.  This happens  when a company earns the same revenue even with some slight changes on the prices. It means that slight increase or even decrease in price does not affect the revenue of the company.</span>
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ordan Electronics currently produces the shipping containers it uses to deliver the electronics products it sells. The monthly c
sasho [114]

Answer:

1. $19,300

2. Yes

Explanation:

1. The computation of relevant cost is shown below:-

= Unit-level materials + Unit-level labor + Unit-level overhead + Product level cost

= $5,800 + $6,400 + $3,900 + $3,200

= $19,300

Working note:-

Product level cost = $9,600 ÷ 3

= $3,200

2. Yes, Therefore Production is lower than buying cost, hence it is better to continue production.

Purchase price =  9,200 × $2.80

= $25,760

8 0
3 years ago
The boss praised his hourly employees for their good work. The boss hopes that the praise encourages the employees to continue t
lukranit [14]

Answer: option (A). the boss's praise

Explanation: Reinforcement is the process of encouraging or establishing a belief or pattern of behaviour. in this scenario, The boss praised his hourly employees for their good work. The boss hopes that the praise encourages the employees to continue to work hard. In this example, the reinforcement is the boss praise.The boss hoped the praise would encourage the employees to work harder.

5 0
3 years ago
The concept of "human resource management" implies that employees are a _________.a. secondary component of a business. b. troub
Veronika [31]

Answer:

c. resources of the employer.

Explanation:

https://quizlet.com/319840170/ch-1-flash-cards/

the name of the flash card is called Ch.1

Your welcome

<u><em>my Instagram is called = itsstephbored</em></u>

6 0
3 years ago
Best Buy does not play loud music in its stores, based on feedback that women don’t like it. A woman who arrived at Best Buy aft
ivanzaharov [21]

Answer:

D) Problem removal

Explanation:

Since it has been discovered that women don't like loud music, a woman who just left a loud music technology store for Best Buy stores that doesn't play loud music will have her 'problem removed'.

Best Buy store can be regarded as a problem removal store by helping women to solve their problem of listening to loud music.

Women Will have a good and problem removal experience in Best Buy Store.

Best Buy store has had an advantage against other stores because they don't play loud music and more women will patronise them, thereby, increasing their profits.

7 0
3 years ago
Read 2 more answers
Bert's Car Sales is a new firm that is still in a period of rapid growth. The company plans on retaining all of its earnings for
DaniilM [7]

Answer:

The correct choice is C)

The most logical thing to do would be to calculate the value of the stock in 5 years time.

Explanation:

This speaks to ones understanding of dividend growth stock valuation models. These tools are used to establish a fair value for a stock by discounting the present value of its future dividends. A commonly used model is the constant growth dividend discount model.

The formula for the DDM, which assumes constant growth in dividends, is provided below.

P0 = D1/(r-g)

Where,

P0 = intrinsic value of stock

D1 = dividend payment one year from today

r = discount rate

g = growth rate

Identifying the correct answer entails establishing a timeline of the expected cash flows. We are given the following information:

t0 = $0

t1 = $0

t2 = $0

t3 = $0

t4 = $0

t5 = $0.20

t6 = $0.20 * 1.035

Given a rate of return, we could use the constant growth dividend discount model to establish the fair value of the firm at t5 (five years from today). Incidentally, to determine today's value, we'd discount it back another five years.

Based on the information above,  we are able to prove that the answer is '5'.

Cheers!

3 0
3 years ago
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