Answer: Total Revenue is $100 and the price elasticity is 0.4
Explanation: total revenue is computed as Price * Quantity
$0.5 * 200= $100
Elasticity is the degree of responsiveness of quantity demanded to a change in price.
Old price $1
New price $0.5
Old quantity 75
New quantity 200
Formula- % change in quantity demanded / % change in pride
NB change is (old-new)
Change in Qd= (75-200) / 75 =-1.67
Change in price=(1-0.5)/1=0.5
-1.67/0.5= -3.34
The negative is ignored in price elasticity and the answer is 3.34 which means the product is Elastic
Answer:
Option D. Entry into the European market by Home Depot.
Explanation:
The reason is that the strategic actions are long term actions and are market based moves which bounds the organizational resources for implementation and are also very difficult to reverse.
So here use of coupons, fare increases and two for one offers are easily reversible, requires fewer organizations resources for implementation and short term decisions which means these are tactical actions.
Whereas the decision to enter european market by Home Depot is long term decision, bounds organization resources for implementation and is very difficult to implement or reverse the actions once taken, so it is strategical action of Home Depot.
The value of the CPI in 2006 is 82.61.
<h3>What is the value of the CPI?</h3>
The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Inflation is when there is a persistent rise in the general price levels.
CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
2010 is the base year because its CPI is 100.
(19,000 / 23,000) x 100 = 82.61
To learn more about consumer price index, please check: brainly.com/question/26382640
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Answer:
The total value will not change.
Explanation:
Stock split occurs when a stock is divided into parts. The value of each stock will decline but there will be more stocks and overall value will remains same. If stock A goes through a stock split then the new price per stock will decline but the overall value to the investor will remain same.
