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Leviafan [203]
3 years ago
6

Using the graph, complete the table that follows by indicating whether each statement is true or false. Statement True False Bet

ween points A and C, curve MM is inelastic. Curve MM is less elastic between points A and C than curve NN is between points A and D. Between points A and B, curve LL is perfectly inelastic.
a. True.
b. False.

Business
1 answer:
stepladder [879]3 years ago
7 0

The answer & explanation for this question is given in the attachment below.

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Assume the demand for crack cocaine is inelastic and that users get the funds to pay for their crack by stealing. Suppose that t
Kobotan [32]

Answer:

Total Revenue of Cocaine will increase.

Explanation:

Elasticity of demand is demand responsiveness to price change.

Price & Total Revenue have relationships as per Elasticity of Demand :

  • Elastic Demand >1 : Change in quantity demanded  >  change in price ; Price & Total Revenue negatively related.
  • Inelastic Demand < 1 : Change in quantity demanded < price change ; Price & Total Revenue positively related

Given : Demand for crack cocaine is inelastic. If government increases penalties on cocaine supply, number of dealers decrease.

Then , the supply of cocaine will fall. Supply Shortage will increase the price. However - because demand is inelastic , total revenue will increase as a result of price rise.

4 0
3 years ago
Brad always buys and uses Nike brand golf balls. If he finds a Titleist or Callaway ball in the rough, he gives it away. Brand l
Vikentia [17]

Answer:

B. reduced the price elasticity of demand for its products

Explanation:

3 0
3 years ago
The downward slope of a demand curve illustrates the pattern that as ________ decreases, ________ increases.
Lelechka [254]
Potential energy, kinetic energy
8 0
3 years ago
Which of the following is TRUE of debt securities? (A) Debt securities include preferred stocks. (B) Debt securities typically p
Bingel [31]

Answer:

The statement which is correct and true is that the debt securities usually pay interest for the fixed period or year. Therefore, the correct option is B.

Explanation:

Debt securities are the securities which refer to a debt instrument like CD (Certificate of deposit, preferred stock, corporate bond and municipal bond, it is sold or bought among the parties.

It is also called as the securities which are fixed income, therefore, the statement which is correct is that these securities pay interest for a fixed period.

6 0
3 years ago
All of the accounts of the Grass is Greener Company have been adjusted as of December 31, 2016, with the exception of income tax
yulyashka [42]

Answer:

The income before tax is $370450, the income tax is $111135 and the net income is $259315.

Explanation:

As the data table is not visible,online a similar question is found for which the data is attached here with.

From the given data

Service Revenue=$943,000

Interest Revenue=$127,1000

Total Revenue=Service Revenue+Interest Revenue=$1070100

Now The expenses are given as

Supplies Expense=$349,200

Repairs and Maintenance Expense =$258,300

Depreciation Expense=$60,350

Rent Expense=$ 31,800

Total Expense=Supplies Expense+Repairs and Maintenance Expense+Depreciation Expense+Rent Expense=$699650

So the income before tax is given as

Income=Total Revenue-Total Expense

Income=$1070100-$699650

Income=$370450

So the income before tax is $370450.

Now the tax is estimated at 30% as given tax rate as

Tax=Rate*Income

Tax=30%*$370450

Tax=$111135

So the income tax is $111135.

Now the Net income is given as

Net Income=Income-Tax

Net Income=$370450-$111135

Net Income=$259315

So the Net Income is $259315.

8 0
3 years ago
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