Answer:
demand will fall by 10%
and revenue increase by 8%
Explanation:
the price elasticity is the relationship between the quantity demanded and the change in price:
demandQ / ΔPrice = price-elasticity
demandQ / 20% = 0.5
Qd =20% x 0.5 = 10% the demand will fall by 10%
Now, we can determinate the revenue:
QXP = TR
Qx1 = 1Q
after the price increase:
(1 - 0.1)Q x 1.2 = 0.9 x 1.2Q = 1.08Q
1.08Q > 1Q the total revenue should increase.
Answer:
Direct labor= $51,840
Explanation:
Giving the following information:
Standard Hours= 27 minutes
Standard Rate per Hour= $6
Standard Cost= $2.70
During August, 9,260 hours of direct labor time were needed to make 19,200 units of the Jogging Mate.
We need to determine the standard cost for 19,200 units.
Direct labor= standard cost per unit*number of units
Direct labor= 2.7*19,200= $51,840
Answer:
Given that generators generate greater profit with less consumption of hours, the maximum profit would be building 130 generators, obtaining $ 32,500 of profit, and there would be 10 hours of testing left over.
Explanation:
Since the Electrotech Corporation manufactures two industrial-sized electrical devices: generators and alternators, and both of these products require wiring and testing during the assembly process, and each generator requires 2 hours of wiring and 1 hour of testing and can be sold for a $ 250 profit, while each alternator requires 3 hours of wiring and 2 hours of testing and can be sold for a $ 150 profit, and there are 260 hours of wiring time and 140 hours of testing time available in the next production period and Electrotech wants to maximize profit, to determine this situation the following mathematical logical reasoning must be carried out:
260/2 = 130
140 - 130 = 10
130 generators = 32,500
Thus, given that generators generate greater profit with less consumption of hours, the maximum profit would be building 130 generators, obtaining $ 32,500 of profit, and there would be 10 hours of testing left over.
<span>The distribution of income in united states is has become less equal than it was before 1990.</span>
Answer:
d. Word of mouth
Explanation:
In the given instance it is very clear that there is an announcement in the seminar. This clearly represents the word of mouth. As there is no job posting officially on the web site or newspaper. Also there is no recommendation from any supervisor that there is any need to get a person recruited and this is the person.
In fact there is a straight announcement to ensure the recruitment vacancy. This is the basic conclusion from such scenario and this will be termed as Word of mouth.