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
Fiesta28 [93]
3 years ago
15

Suppose you are in charge of setting prices at a local ice cream shop. The business needs to increase its total revenue, and you

r job is on the line. You evaluate the data and determine that the price elasticity of demand for ice cream at your shop is 1.8. You should?
Business
1 answer:
In-s [12.5K]3 years ago
4 0

Answer:

The price of ice-cream should be reduced.

Explanation:

As the price elasticity of demand is 1.8,which is given as

Price/Demand=1.8

As the values is greater than 1 this indicates that the price of the ice-cream is more than the demand of the ice-cream.

This indicates that the price is more so the price of ice-cream should be reduced.

You might be interested in
A firm material called lauan placed on a wooden or hollow metal frame, which can be painted and, in addition, have three-dimensi
Blababa [14]

Answer:

<em>Flat </em>

Explanation:

<em>Flats </em>are painted flat piece of theatrical scenery. It is positioned on the stage to give appearance of various backgrounds. Flats are hard covered and soft covered. Usually flats are built in standard size of 2.4 m, 3.0 m and 3.7 m. They are also kept at the sides of stage, when kept at sides it is  called wings. Flats are made of wood.

5 0
3 years ago
Which of these would Congress look to do during a recession, as it pertains to fiscal policy?
jeyben [28]

Answer:

Raise taxes

Explanation:

This will help reduce the amount of money in circulation because during recession money loses its value due to large amount of money in circulation

4 0
2 years ago
True or false: Researchers suggest that the one factor accounting for many of the failures of global teams is ineffective reward
Neporo4naja [7]

This is true. Researchers suggest that  ineffective reward and recognition strategies are factors responsible for the failures.

<h3>What are global teams?</h3>

These are also referred to as the multinational teams. They are the specific type of team that is found in a workforce where the members may be people that are from different places.

By different places, we mean they are from different nations and their cultural backgrounds differ.

Read more on global teams here: brainly.com/question/5392895

7 0
2 years ago
Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned
laila [671]

The total amount of FICA Taxes (self-employment and employment related) that Kyle owes for 2021 is $17,181.

Data and Calculations:

Kyle = single taxpayer

Self-employment income for three months = $44,000

Employment income for nine months = $178,000

Total income for 2021 = $222,000

FICA taxes:

Social Security tax = $13,764 ($222,000 x 6.2%)

Medicare tax = $3,219 ($222,000 x 1.45%)

Additional Medicare tax  = $198 ($22,000 x 0.9%) ($222,000 - $200,000)

Total FICA taxes = $17,181 ($13,764 + $3,219 + $198)

Thus, Kyle's total FICA taxes for 2021 is $17,181.

Learn more about calculating FICA taxes at brainly.com/question/21750517

4 0
3 years ago
Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into
klio [65]

Answer:

Total deduction for the year = $48,956

Explanation:

You can deduct investigation expenses but only for new business that is in the same industry as your current business. In this case, Henrietta incurred in $42,500 expenses trying to expand her hotel business. Total deduction for the current year = $42,500.

If the investigation expenses are not related to your current business, e.g. restaurants, then you can capitalize the costs and amortize them only if you actually carried out the expansion.

You can deduct up to $5,000 during the first year but this amount decreases by $1 for every dollar above $50,000. Total immediate deduction = $4,400. The remaining $46,200 must be amortized over 180 months. Amortization per month = $46,200 / 180 = $257

Total amortization for year 1 = 8 months x $257 = $2,056

Total deduction for the year = $42,500 + $4,400 + $2,056 = $48,956

7 0
4 years ago
Other questions:
  • TJ electronically transferred $125.41 from his checking account to Rachel's checking account. In what column of the check regist
    13·2 answers
  • Henry is demonstrating his gross motor skills when he picks up cheerios from his high-chair tray.
    12·1 answer
  • When a seller advertises goods for sale on a web site, that seller is making an offer to potential buyers.
    9·2 answers
  • What is the difference between absolute advantage and comparative advantage?
    14·2 answers
  • Myers Corporation's stock currently trades at $40 a share. Investors estimate that the year-end dividend will be $2.00 a share a
    6·1 answer
  • The six sigma approach to quality control: Multiple Choice detects potential problems early to prevent their occurrence. views q
    8·1 answer
  • It is recommended that no more than three different fonts be used when creating a power point presentation.
    11·2 answers
  • As Lily files her taxes, she learns that her federal total tax due ends up being $206. According to her Federal income tax withh
    5·1 answer
  • Buying office space is ______________ in the long run-in comparison to leasing. Which is the correct answer?
    6·1 answer
  • Giant Industries has a $674,232 gross operating income, operating expenses of $329,129, and other expenses totaling $38,719. Wha
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!