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kogti [31]
3 years ago
15

Below is a demand curve for DVDs for a monopoly currently producing at point

Business
2 answers:
Finger [1]3 years ago
4 0
The decrease is a simple 2 dollars that is easy to find out. The demand is decreasing, as is the price to keep the demand atleast a bit steady. The decrease is a 12.5% of the total cash recieved.
choli [55]3 years ago
3 0

The question is incomplete. The complete question could be found here: https://www.coursehero.com/tutors-problems/Microeconomics/19335633-Hi-please-help-me-answer-these-economic-questions-on-elasticity-tax/

Answer:

The change in revenue is (14-16)*$200= -$400. The change in revenue that results just from the increased quantity at $14 is 1400. The overall net effect of this price decrease on the firm's total revenue is (14*300-16*200) = 1000. The price elasticity of demand is elastic.

Explanation:

Price effect is commonly referred to as the influence of a price/value change on the demand for goods and services. On the other hand, in the presence of a price decrease or increase, the quantity of goods and services sold are altered. The price elasticity of demand is normally used to show the effects of only price on goods and services. The answers to the questions using the graph provided are shown above.

You might be interested in
Which of the following would most likely shift a production possibilities curve to the right?
MAXImum [283]

Answer:

 an improvement in the education level of the work force of a nation

Explanation:

The production possibility curve is a curve that shows the various quantities of two goods an economy can produce at a given level of technology and amount of labour force.

Factors that leads to an outward shift of the production possibility curve;

1. Increase in labour force

2. Increase in education level of the Labour force

3. Technological advancement

Shifting resources from the production of one good to the production of another leads to a movement along the production possibility curve.

I hope my answer helps you

5 0
3 years ago
In a __________ distribution center, merchandise moves from vendors' trucks to retailers' delivery trucks in a matter of hours.A
Paul [167]

Answer:

Cross docking

Explanation:

Cross-docking is a practice in logistics of unloading materials from an incoming semi-trailer truck or railroad car and loading these materials directly into outbound trucks, trailers, or rail cars, with little or no storage in between.

It  is also often used when handling time sensitive and perishable inventory. Due to the reduced shelf life, inventory needs to reach retailers with a reasonable remaining shelf life

3 0
3 years ago
You have three separate accounts with your bank that you can manipulate with online banking. Account "A" is a checking account w
miss Akunina [59]

Answer:

A) $10,195

Explanation:

This can be calculated as follows:

Amount in Account "B" = $12,850.25

Remaining balance after moving $2,500 from Account "B" to account "A" = Amount in Account "B" - $2,500 = $12,850.25 - $2,500 = $10,350.25

Amount moved from account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" * 1.5% = $10,350.25 * 1.5% = $155.25

Balance after moving 1.5% of the remaining balance in account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" - Amount moved from account "B" to account "C" = $10,350.25 - $155.25 = $10,195

Therefore, the correct option is A) $10,195.

6 0
3 years ago
A city's Enterprise Fund issued revenue bonds with a face value of $10,000,000. The bonds were issued with a 2% premium and the
Mrac [35]

Answer:

The correct answer is $9,850,000

Explanation:

The Enterprise fund which will be reported, total other financing sources of the amount is computed as:

= Face Value - Cost of issuance

where

Face Value is $10,000,000

Cost of issuance is $150,000

Putting the values above:

= $10,000,000 - $150,000

= $9,850,000

Note: Premium will not be considered as it is asked for when the bonds are issued.

5 0
3 years ago
Corey has 4929 songs in his​ computer's music library. the lengths of the songs have a mean of 242.4 seconds and standard deviat
expeople1 [14]

Answer:

a. d. ​yes, because the plot is roughly a diagonal straight line

b. b the distribution is skewed to the right.

Explanation:

Note: Find attach the plot as picture

a. If the distribution of the song length is roughly Normal, the normal probability plot should be roughly a diagonal straight line. But the given normal probability plot is far from straight. So, the distribution of song lenghts is not normal

b. The distribution of song lenghts is skewed to the higher values, that is right skewed because the normal probability plot is curved and of inverted C shape

4 0
3 years ago
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