Answer:
remains unchanged as price increases when demand is unit elastic.
Explanation:
Total revenue = price × quantity
Demand is elastic when a small change in price has a greater effect on the quantity demanded.
If price is increased and demand is elastic, quantity demanded would fall more than the increase in price and total revenue falls.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
If price is increased and demand is inelastic, change in quantity demanded would be less than changes in price. As a result, total revenue would increase.
Demand is unit elastic if a change in price has an equal proportional effect on quantity demanded. The elasticity of demand always sums up to one.
If price is increased and demand is unit elastic, there would be no change in total revenue.
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Answer:
Yes, the results are the same in both frameworks. Please see below for explanation.
Explanation:
With regards to the bond supply and demand framework, people will look to buy more bonds since they are more wealthy now. Hence, the supply of bonds will increase. The supply curve and the demand curve will both move to the right, with the former shifting more than the latter. The equilibrium interest rate will increase.
With regards to the liquidity preference framework, once the economy experiences a positive shift, there will also be an increase in the demand for money. People will make an increased number of transactions as well and hence, the demand curve will move towards the right. The equilibrium interest rate will rise too.
Answer:
Management Level
Explanation:
A cost allocation method is not an activity based costing typically.
Interviews with management that have adequate knowledge and the cost classification are usually done at management level
Answer:
$4,000 gain
Explanation:
Some information was missing:
the spot rates for euros were:
- November 15, 20X3 $0.4955 per €1
- December 10, 20X3 $0.4875 per €1
- December 31, 20X3 $0.4675 per €1
- January 10, 20X4 $0.4475 per €1
In Chow's December 31, 20X3, income statement, the foreign exchange gain is ?
the goods costed €200,000 x 0.4875 = $97,500 on December 10, 20x3
the goods costed €200,000 x 0.4675 = $93,500 on December 31, 20x3
Since the goods were sold FOB shipping point, we have to use the shipping date (December 10) to calculate the original price. By December 31, the price in US dollars had decreased by $4,000 resulting in a foreign exchange gain.
Licensing of the brand, a reputation for quality, and a large number of retail stores are examples of potential strengths that a firm may identify during a swot analysis.
<h3>What is a SWOT analysis?</h3>
This is the framework that is used to know the strength of an organization, its weaknesses, its opportunities and its threats.
The SWOT analysis is useful due to the fact that it relates to situational analysis or assessment.
Read more on SWOT analysis here: brainly.com/question/6426686
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