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muminat
3 years ago
9

Suppose that corn farmers want to increase their total revenue. Knowing that the demand for corn is inelastic, corn farmers shou

ld
a. plant more corn so that they would be able to sell more each year.
b. increase spending on fertilizer in an attempt to produce more corn on the acres they farm.
c. reduce the number of acres on which they plant corn.
d. contribute to a fund that promotes technological advances in corn production.
Business
1 answer:
In-s [12.5K]3 years ago
4 0

Answer:

The corm farmers should reduce or decrease the number of acres on which they plant the corn. Therefore, the correct answer is C

Explanation:

The demand for the product is inelastic which means it is a situation or scenario in which the demand of the product does not increase or decrease likewise with rise or fall in the price of the product.

In order to increase the aggregate revenue on the product (corn) whose revenue is inelastic, the farmers should decrease the number of acres on which they grow or plant the corn.

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What does acronym OSHA stand for?
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“OSHA” Stands for the Occupational Safety and Health Administration of the United States Department of Labor, formed by the Occupational Safety and Health Act of 1970
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2 years ago
American General Company experienced the following accounting events during 2014:
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Answer:

1.  Operating Activities (OA)

2. Financing Activities (FA)

3. Financing Activities (FA)

4. Investing Activities (IA)

5. Operating Activities (OA)

6.  Operating Activities (OA)

7. Investing Activities (IA)

8. Financing Activities (FA)

9. Not applicable (NA)

10. Financing Activities (FA)

Explanation:

Statement of cash flows is one of the three major financial statements. The statement analyses the cash generated and cash expended by an entity in a given period. The statement collates the analysis under three categories

1. Operating Activities

2.Investing Activities

3.Financing Activities

Operating activities comprise of cash generated and expended by the entity on its normal business operation during the period. Examples of this are cash received from customers, cash paid to suppliers, rent paid to landlord, cash expenses paid etc.

Investing activities consist of cash activities involving acquisition and disposal of assets and investment. Examples of such are cash receipt from sales of equipment, cash spent on purchase of investment securities.

Financing activities are cash activities involving the entity and provider of capital, equity owner and debt holder. Example of such activities are cash generated from issuance of bond, cash dividend paid to equity owner.

4 0
3 years ago
Watchful Eyes Industries manufactures a multitude of safety products like burglar alarms, smoke detectors, surveillance cameras,
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Watchful Eyes would probably benefit from departmentalization by Customer type .

<u>Explanation: </u>

The departmentalization applies to the hierarchical structure and partnership between the company and different departments and management roles. As a company expands, its divisions are expanded and more site-units are formed, introducing more management layers.

LA Gear is also an example of a company utilizing departmentalization of the product. The system is based on its wide range of products like female footwear etc. Departmentalization of the operation – Grouping of product/service processes or customer flow behaviour

Departmental business services–Grouping on the level of specific clients or consumer forms, Jobs may be classified by the group of customers the company represents. I assume that each organization's customers have a specific set of problems and criteria which specialists can better fulfill.

7 0
3 years ago
This isn't a question!
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Answer:

Thank you for the brainly please make brainliest I answer lots of questions when i have time

Explanation:

6 0
2 years ago
Haverton is studying whether to drop a product because of ongoing losses. Costs that would be relevant in this situation would i
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Answer:

The correct answer is letter "B": avoidable fixed costs.

Explanation:

Avoidable fixed costs are expenditures that can be set aside to modify the form of a given product project is being handled. Usually, manufacturers with too many produced products can stop one of their lines which implies taking away inherent expenses such as labor and raw materials.

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