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seropon [69]
3 years ago
10

Mark recently graduated with honors from his college. He has bragged to his friends that his academic performance has prepared h

im so well for a successful career that he can forget school or training in his future. In evaluating the future of the workplace, Mark is:_______.
a. exactly right. His past performance should carry him to success.
b. completely wrong. Studies show that a college education has little to do with success.
c. over confident. Global competition means that continuous learning will be needed in the future to adapt to rapid changes. probably right.
d. probably right. Specialized training today is a key to continued success in the future.
Business
1 answer:
Montano1993 [528]3 years ago
8 0
Answer C ; over confident. global competition means that continuous learning will be needed in the future to adapt rapid changes. probably right.
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Explanation:

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4 0
3 years ago
In which instance will total revenues decline? Multiple Choice price increases and Ed equals -.41 price increases and demand is
liraira [26]

Answer:

price increases and Ed equals -2.47

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is inelastic if a change in price has little or no effect on quantity demanded. The absolute value of the coefficient for inelastic demand is less than 1.

If price increases and demand is inelastic, total revenue would increase because there would-be little or no change in quantity demanded as a result of the price increase.

Demand is elastic if a small change in price has a greater effect on the quantity demanded.

The absolute value of the coefficient for elastic demand is greater than 1.

If demand is elastic and price is increased, revenue would fall because of the decease in quantity demanded.

If demand is elastic and price is deceased, revenue would rise because of the increase in Quanitity demanded as a result of the fall in price.

Demand is unit elastic if a change in price has the same proportional effect on quantity demanded. The absolute value of the coefficient for unit elastic demand is one.

I hope my answer helps you

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Unlike consumer credit, trade credit does not involve the use of a
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