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UkoKoshka [18]
3 years ago
7

If the inverse demand function is:

Business
1 answer:
Vesnalui [34]3 years ago
8 0

Answer:

-0.136 and $528

Explanation:

Given that

p = 50 - 0.5Q

where,

Q = 88

So, p equals to

= 50 - 0.5 × 88

= 50 - 44

= $6  

As it is mentioned that

p = 50 - 0.5Q

0.5Q = 50 - p

Q = 100 - 2p

And we know that

Price elasticity of demand is

= Percentage Change in quantity demanded ÷ Percentage Change in price

So,

= -2 × (6 ÷ 88)

= -0.136

And, the revenue is

= Price × Quantity

= $6 × 88

= $528

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Effectiveness means:
Usimov [2.4K]

Effectiveness means producing the desired result with an application of minimum effort, expense, and waste.

<h3>What is effectiveness?</h3>

When a firm or a producer produces goods or services by application of the available resources in the best possible way, ensuring their optimum utilization, the firm is engaged in bringing effectiveness in production.

Hence, option B holds true regarding effectiveness.

Learn more about effectiveness here:

brainly.com/question/24230098

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7 0
1 year ago
How would you ensure that proper plans are installed for the creditors section which was been managed poorly in the future?
Natalija [7]
I'm not sure whether you have any options, but here are some of the ways you can ensure that proper plans are installed for the creditors section in the future:
1. Proper handing and monitoring of resources which includes systems, documentation, and procedures - this is very important, to take care of everything so that there are no mistakes
2. Finances must be reviewed correctly, either it is external or internal - unless you do this, you are facing a risk of losing yours, as well as creditors' money
3. Perform and conduct series of simulations before actual implementation - you need to know whether your changes will work before you actually introduce them
5 0
3 years ago
If the X series denote experience and Y series denote performance and values of X series are 16, 12, 8, 9, 18, 9, 11, 16, 15, 3
ira [324]

Answer:

-0.2245

Explanation:

Given the data :

X series :

16

12

8

9

18

9

11

16

15

3

Y series :

23

22

24

18

16

15

28

18

25

24

Using technology, the correlation coefficient value for the model whose data is given above is - 0.2245 which depicts that a weak negative relationship exists between the X series values varibale and Yseries variable. Our conclusion was inferred from the fact that - sign denotes negative and values close to zero denotes a weak association between the plotted variables.

4 0
3 years ago
At a price of $15 each, Marta buys 4 books per month. When the price increases to $20, Marta buys 3 books per month. Luz says th
Lapatulllka [165]

Answer:

No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed the same.

Explanation:

For $15 per book, the quantity demanded was 4 books per month.

When the price increases to $20 per book, the quantity demanded fell to 3 books per month.

This shows a decrease in the quantity demanded. A change in demand occurs when the price is constant and quantity demanded changes because of change in other factors. But here the other factors are constant and the quantity demanded is changing due to a change in price.

So, Luz's statement here is incorrect.

4 0
3 years ago
Match each entity on the left to the correct establishment on the right.
Mumz [18]

The group or organization matchup is given below;

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  • International Organization -World Trade Organization, United Nations.
  • Nation-state - Canada.

<h3>What is a Nation state?</h3>

The term nation-state is known to be a any country that is territorially held together as a sovereign state.

Note that in this kind of country, it is one that is governed in the name of a community of its own people who identify or see themselves as a nation.

See full question below

Match the group or organization on the left with its correct category on the right.

non-state actor:

terrorist

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nation-state: Canada

Learn more about Nation-state from

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8 0
2 years ago
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