Answer and Explanation:
An increase in the number of firms increases the demand elasticity. As the demand elasticity increases from 2 to 3 it means you could encounter less demand if product prices are increased. At a demand elasticity of -3, it is regarded as inelastic demand and a change in price will not affect the demand for the product as customers are still likely to patronize the product example gasoline. Due to its high demand, an increase in price will not readily affect the demand for it. Therefore if you are to change the price from $10 at 2 to 3 demand elasticity increase, the percentage of increase from 2 to 3 is given as.
3-2/2 X 100 = 50%
The new charge (x) at -3 demand elasticity = 50%/3 = 0.66666666
The increase in the new charge is therefore $10 + $10x = $10 + $10(0.166666) = $11.67
Make purchases or get cash now, and pay back the bank in monthly payments.
Available Option:
a. it is costly to maintain many product lines, and it might weaken the brand's meaning.
b. it is often difficult to get additional marketing communications coverage for the brand.
c. the current economy can only support a limited number of product options.
d. manufacturing divisions usually control brand expansion and are often in conflict with the marketing division.
e. Federal Trade Commission regulations limit the number of products that can be marketed under an individual brand name.
Answer:
Option A. It is costly to maintain many product lines, and it might weaken the brand's meaning.
Explanation:
The reason is that adding brand in the existing highly valued brand names require maintaining the brand's meaning and reputation which results in incurring higher costs in quality management, customer locating, making sales and other costs. The poor feedback of a new product can result in the decline in the trust of previous highly reputed brands which can affect the firm severely so the marketers might avoid such inclusions of brands.
Answer:
Temporarily low and so supply a smaller quantity of labor.
Explanation:
Because workers see that their nominal wages are falling, but they fail to see that the price level of goods and services also has fallen by the same percentage (meaning that their real wage has not fallen, but stayed the same), they will likely believe that the reward for their labor is less, so they will have less incentive to work, supplying a smaller quantity of their labor force in the process.
Answer:
B) $617,000
Explanation:
Issuance capital of 500,000 shall remain constant. Out of the current year net earnings 25000 we are paying 2000 as dividend so, that adds to the owners equity = 23000.
Total liabilities = total assets = 500000 + 23000 + 94000 = 617000