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8090 [49]
4 years ago
15

For a particular company's product, the % change in quantity demanded is smaller than the % change in price that caused the chan

ge in quantity demanded. If the company increased the price of that product, total revenue from sales of that product would most likely:
Business
1 answer:
Pachacha [2.7K]4 years ago
6 0

Answer:

The total revenue is likely to increase.

Explanation:

If the proportionate change in quantity demanded is smaller than the proportionate change in quantity, it implies that the price elasticity of demand is relativity inelastic.

In this situation, if the company increases the price of the product, the decline in quantity demanded due to the increase in price will be less than proportionate.

So it is likely that the total revenue from sales will increase because of the increase in price.

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Stephen and Joy own a duplex in Newport Beach, CA. They live in one unit and rent the other to another couple. Their rental inco
sertanlavr [38]

Answer:

$16,700

Explanation:

The computation of net income is shown below:-

Total expense = Insurance + Maintenance + Utilities + Depreciation

= $8,000 + $800 + $1,800 + $4,000

= $14,600

Expense of rented unit = Total expense ÷ Units

= $14,600 ÷ 2

= $7,300

Here, we assume 2 units

Net income for reporting = Rental income - Expense of rented unit

= $24,000 - $7,300

= $16,700

7 0
3 years ago
How will this be displayed in a journal entry? T-account?
nydimaria [60]

Answer:

Date         Account titles and description

20                                 No entry  

26                                 No entry  

31                                  No entry  

31                                  No entry

Explanation:

1. Only $5,500 was submitted by Brett. No incorporated financial transaction

2. Owner not prepared to pay $5.500

3. Also Brett's provision for vehicle prices to be winterised will be $75.

4. Once Brett paid the salary ' under the table, ' the employee was willing to work $3 less per hour. Salary only fee not charged or due.

Thus, no log entry as well as T accounts have been completed.

8 0
3 years ago
Read 2 more answers
Though it is seen as a last resort, bankruptcy allows a consumer to
OverLord2011 [107]

Its is B) eliminate certain types of debt.

This is the correct answer of E d g e n u i t y as well

8 0
4 years ago
Read 2 more answers
What is the term for the most significant of early public budget reforms where a governor or mayor would be responsible for prep
ELEN [110]

Answer:

Executive budget

Explanation:

The Executive Budget is a budgetary system that aims to link budgetary-resource allocation and management to the City Council's strategies.

5 0
3 years ago
Which is considered to be pure capitalism, in which the role of government is essentially limited to that of protecting private
DedPeter [7]

The name which is given to the limitation of government where they are allowed to only protecting private property and enforcing contracts and market activity and is considered a pure capitalism is known as laissez-faire capitalism

<h3>What is Laissez-faire capitalism?</h3>

This refers to the economic principle which refers to the free market capitalism which resists possible intrusion by the government into market affairs.

With this in mind, we can see that from the given description, we can see that the type of capitalism which was talked about is laissez-faire capitalism.

Read more about capitalism here:
brainly.com/question/25879591

8 0
3 years ago
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