Answer:
True
Explanation:
The workplace refers to the place where an activity is carried out for the purpose of a monetary return. Each workplace is made up of different people, maintaining different dynamics. This way, every workplace is different. Even though it is standardized, the people who make up the place will give the workplace different dynamics, differentiating them.
The more complex the task the more difficult it is to reach goals. People are more likely to achieve goals when tasks are easier. Simplifying tasks can help goal setting.
Answer:
The operating profit is $4,800,000
Explanation:
We know that,
The operating profit would equal to
= Sales - variable cost - fixed expenses
where,
Sales = Number of rounds of golf × selling price per unit
= 600,000 rounds × $75
= $45,000,000
Variable cost = = Number of rounds of golf × selling price per unit
= 600,000 rounds × $17
= $10,200,000
And, the fixed expenses is $30,000,000
Now put these values to the above formula
So, the value would equal to
= $45,000,000 - $10,200,000 - $30,000,000
= $4,800,000
Answer:
Go 'setting' press the 'contact us' button
Answer:
increased
fell
14.57%
decrease
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Honest Abe's Used Cars has an elastic demand because its coefficient of elasticity is greater than one. Because demand is elastic, a rise in price would lead to a decrease in the number of cars sold. If price is increased, demand would fall more than the change in price, so total revenue would fall.
4.6 = 0.67 / percentage change in price
Percentage change in price = 0.67 / 4.6 = 0.1457 = 14.57%
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Webs-R-Us services has an inelastic demand.
If prices are increased, demand would fall but it would fall less than the increase in price
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded
