Answer:
0.63; rises
Explanation:
The computation of the price elasticity of demand using the mid point formula which is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity demanded would be
= Q2 - Q1
= 650 units - 590 units
= 60 units
And, average of quantity demanded is
= (650 units + 590 units) ÷ 2
= 620 units
Change in price would be
= P2 - P1
= $1.75 - $1.50
= $0.25
And, average of price is
= ($1.75 + $1.50) ÷ 2
= 1.625
So, after solving this, the price elasticity is 0.63
Since the price of good X rises from $1.50 to $1.75, so the total revenue rises
Gene’s title is <u>b. </u><u>market</u><u> manager</u> .
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Learn more about the market manager here: brainly.com/question/24553900
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Answer:
True
Explanation:
The yield management calculates a range of impacts of prices on the demand of the product. And this method is only applicable if the product can be sold for a range of prices. This is the limitation of the yield management and also its assumption that the demand drops with the increase in prices and vice versa.
Answer:
The range of transfer price is $42 to $53
Explanation:
The rationale behind the recommended transfer price is that Division B cannot sell below the variable cost of $42. Division B cannot also sell above the prevailing market price of $53. The negotiation between the two divisions ranges between $42 and $53.
Answer: The answer is "D. Net income, assets, and stockholders' equity are all decreased.".
Explanation: This happens because the recording of the depreciation of equipment reflects the loss of value of the asset, which is a negative result that impacts the results, the value of the assets, and as a consequence in the stockholders' equity.