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
shepuryov [24]
2 years ago
15

Which of the following statements is true? Total revenue will equal zero when the demand for a product is unit elastic. When a f

irm lowers its price its total revenue may either increase or decrease. Whenever a firm raises its price its total revenue will increase. Whenever a firm increases its quantity sold its revenue will increase.
Business
1 answer:
Gre4nikov [31]2 years ago
7 0

Answer:

Total revenue will equal zero when the demand for a product is unit elastic. FALSE

When a firm lowers its price its total revenue may either increase or decrease. TRUE

Whenever a firm raises its price its total revenue will increase.  FALSE

Whenever a firm increases its quantity sold its revenue will increase. FALSE

Explanation:

Price elasticity en the demand measures the porcentage of change in the quantity demandend when a price is changed.

When the porcentage of change in the quantity demanded is the same of the porcentage of change in the price we talk of unit elastic. The revenues will keep being the same no matter the change in the price.

When a firm lower the price of a good it can increase the revenues if the product has an elastic demand, it means that the porcentage of change in the quantity demanded is bigger than the porcentage in the change of the price, and if the product has an inelastic demand, the revenues will decrease. Price demand is inelastic when the porcentage of change in the quantity demanded is smaller than the porcentage in the change of the price.

You might be interested in
Who is responsible for ensuring the policies and procedures are implemented across the organization and acts as a liaison betwee
Elina [12.6K]

Responsible for ensuring the policies and procedures are implemented across the organization and acting as a liaison between the MIS department and the business?

The correct answer is Data Steward

<h3>Why is MIS becoming so important to businesses?</h3>

The main purpose of the MIS reporting system is to provide management with important business information for complex decision-making. Reliable information about business data related to current market development is essential for governments to be able to make swift and well-founded decisions.

The first relationship between business processes and information systems is to achieve business goals. For example, organizations use information systems to improve operational and process efficiency by improving the flow of information.

Learn more about the MIS department and the business here

brainly.com/question/12386219

#SPJ2

8 0
1 year ago
Barnes manufactures a specialty food product that can currently be sold for $22 per unit and has 20,000 units on hand. Alternati
FromTheMoon [43]

Answer:

It is more convenient to continue processing.

Explanation:

Giving the following information:

Barnes manufactures a specialty food product that can currently be sold for $22 per unit and has 20,000 units on hand. Alternatively, it can be further processed for $12,000 and converted into 12,000 units of Exceptional and 6,000 units of Premium. The selling price of Exceptional and Premium are $30 and $20, respectively.

We don't have the information regarding the costs of processing further. Therefore, we will base our analysis in sales.

Sell now= 22*20,000= $440,000

Continue processing= 12,000*30 + 6,000*20= $480,000

It is more convenient to continue processing.

3 0
3 years ago
Powder room mess. for $300,000, willis agrees to build a new home for robert, who is very picky. willis builds the home to rober
irga5000 [103]

These types of damages are called “Compensatory damages”.

<span>Willis breached the contract but the breach was not material. So as a way to compensate for the damages Willis have made, he offered instead to pay $300 to put the correct faucets and linoleum in the powder room.</span>

5 0
3 years ago
Read 2 more answers
_____ gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribut
Lunna [17]

Phased retirement gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribution at a more relaxed pace.

<h3>What is Phased retirement ?</h3>
  • A human resource's strategy called phased retirement enables full-time employees to work part-time hours while starting to receive retirement benefits.
  • Employers may be able to better manage or even lower payroll costs during the transition by utilizing phased retirement.
  • This plan enables the retiree to work less hours, often switching from full to part-time, and uses less payroll funds.
  • It is completely optional and requires the agreement of both the employee and the hiring organization.
  • An employee must have worked three years straight at a full-time job in order to be eligible to participate.

Learn more about retirement here:

brainly.com/question/14502477

#SPJ4

4 0
1 year ago
quilibrium in the money market exists when a. excess demand for money is equal to the quantity demanded of money at a given inte
Elanso [62]

Answer: b. excess supply of money is equal to the quantity demanded of money at a given interest rate.

Explanation:

Equilibrium in the money market takes is usually achieved when the quantity of money demanded is equal to the quantity supplied. The demand curve for money is used to illustrate the quantity of money demanded at a given interest rate. The demand curve for money usually sloped downward, what this tells us is that people would want to hold less of their wealth in the form of physical cash ( money ). When the interest rates on bonds and other alternative investments are way higher.

3 0
3 years ago
Other questions:
  • Alatan owns a building supply store in Russ County. His trade extends throughout River City, the largest city in Russ County, bu
    5·1 answer
  • Nutrimax, a sports foods manufacturer, has recently expanded its operations to different countries. the company has realized tha
    12·1 answer
  • Algebra of the income-expenditure model Consider a small economy that is closed to trade, so that its net exports are zero. Supp
    14·1 answer
  • Will Shakespeare is a struggling playwright in sixteenth-century London. As the price he receives for writing a play increases,
    13·1 answer
  • Assume that the interest rate in the home country of Currency X is a much higher interest rate than the U.S. interest rate. Acco
    6·2 answers
  • The people described spent their money during different time periods. Label each of their scenarios as to whether they bought th
    8·2 answers
  • First, think about the way in which interest on municipal bonds is treated from a federal income tax point view. In this light,
    14·1 answer
  • QUESTION 1 A factor that increases the likelihood of a loss is known as a _______ . 1. Premium 2. Peril 3. Hazard 4. Risk 1 poin
    13·1 answer
  • What budgeting tips would you help to stay on track financially
    7·1 answer
  • Please help!!
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!