1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sladkih [1.3K]
3 years ago
12

When heavy rain ruined the banana crop in central​ america, the price of bananas rose from ​$0.90 a pound to ​$1.10 a pound. ban

ana sellers sold fewer​ bananas, but their total revenue remained unchanged. the quantity of bananas ▼ decreased increased by nothing percent?
Business
1 answer:
HACTEHA [7]3 years ago
3 0

Answer: Total revenue is given by

TR=P*Q

When price of bananas increase from $0.90 to $1.10 a pound and total revenue remained unchanged, it means that the quantity of Bananas sold must have decreased.

Suppose at $0.90 we sold 10 pound bananas getting us $9 revenue.

This means that at $1.10 we have to sell 8 Banana's to get the same amount of revenue.

So, change in quantity = = \frac{10-8}{10}  = 20%

So, their is a decline of 20% in the quantity of Bananas sold.

You might be interested in
Because risk is associated with the potential for higher profits, businesspersons are motivated to choose organizational forms t
avanturin [10]

Answer:

The correct answer is A. True.

Explanation:

Risk management models are a great tool to anticipate and prevent possible losses that could occur when investing a certain capital, implementing appropriate precautionary measures; Therefore, organizations and investors that have a culture of risk, create a competitive advantage over others, by assuming assessed risks, gain experience in risk management, anticipate adverse changes, protect or cover their investments in advance and obtain higher profits by taking greater risks.

3 0
4 years ago
The assessment ratio isa) The ratio of assessed value to market valueb) The ratio of assessed value to the average value for pro
Ivan

Answer:

The correct answer is option A.

Explanation:

The assessment value can be found by calculating the ratio of assessed value of a property to its market value.

Market value is the rate at which the property can be sold in the open market.

The assessed value is the value given to the property by the assessor's office in order to estimate property taxes.

7 0
3 years ago
All of the following are career pathways for Finance except: A. operations management B. accounting C. banking services D. Insur
Nataly_w [17]

operations management

7 0
3 years ago
Read 2 more answers
Monopoly has social costs because A. P is greater than MC and this implies economic inefficiency. B. too few resources are being
elena55 [62]

Answer:

Option "D" is the correct answer to the following question.

Explanation:

A monopoly usually has all kinds of social costs. Price under monopoly is more than marginal cost, which also often means that society does not have the economic capacity.

In monopoly business, resources are usually used less and other businesses use more resources, which is why monopoly business is usually associated with social interests.

Monopoly businesses produce fewer goods but charge more on those goods because they are the sole producers of the services or goods they produce, so all three options are correct

4 0
3 years ago
Calculate the portfolio required rate of return (rs) for the Wagner Assets Management Group, which holds 4 stocks. The expected
Ivahew [28]

Answer:

11.10%

Explanation:

For computing the portfolio required rate of return first we have to calculate the portfolio beta which is shown below:

Portfolio Beta = Beta of Stock A × Weight of Stock A + Beta of Stock B × Weight of Stock B + Beta of Stock C × Weight of Stock C + Beta of Stock D × Weight of Stock D

= 1.50 × $200,000 ÷ ($200,000 + $300,000 + $500,000 + $1,000,000) 0-.50 × $300,000 ÷ ($200,000 + $300,000 + $500,000 + $1,000,000) + 1.25 × $500,000 ÷ ($200,000 + $300,000 + $500,000 + $1,000,000) + 0.75 × $1,000,000 ÷ ($200,000 + $300,000 + $500,000 + $1,000,000)

= .7625

Now the portfolio Required Rate of Return  is

Required Rate of Return = Risk Free Rate + Beta × (Market Rate of Return - Risk Free Rate)

= 5% + .7625 × (13% - 5%)

= 11.10%

We simply applied the above formulas

5 0
3 years ago
Other questions:
  • 1. Frank’s electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Fra
    5·2 answers
  • In 2012, hurricane sandy caused massive destruction to the northeast united states. tens of thousands of people lost their homes
    7·1 answer
  • Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perfectly competitive market wil
    14·1 answer
  • In Lurnee, it takes 10 resources to produce 1 ton of cocoa and 13.5 resources to produce 1 ton of rice. In South Tyberg, it take
    12·1 answer
  • The following information relates to a company’s accounts receivable:
    9·2 answers
  • Gregory is a manager in an insurance company and heads a team of 30 agents. In order to meet the company's target, every agent n
    7·2 answers
  • Which type of demand for money causes the demand for money curve to slope downward? question 2 options: 1) speculative demand. 2
    8·1 answer
  • Budweiser is a popular brand of beer. Part of this company's market research of U.S. consumers looked at education levels of bee
    6·1 answer
  • Home Baked Bread Company hires Craig to sell the company's products in a certain area. Home Baked Bread agrees to pay Craig a sa
    12·1 answer
  • What is the main challenge that red frog events faces as the organization grows?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!