Answer:
Answer for the question:
In this question, assume that all variables other than price and quantity are held constant. At Betty's Burgers, the hamburgers have a price elasticity of demand-: 305 and Betty has increased sales by 85.00%.
Betty must have changed her price by
Due to the price change, Betty's total revenue will
Patty's Putts increased the price of a round of miniature golf by 76,0%, Patty has calculated her price elasticity of demand at 0.57. She can expect the number of golfers to
Patty can expect the number of golfers to change by
Patty can expect her total revenue to
is given in the attachment.
Explanation:
Time =2,015−1,941=74 years
Annual increase=(1,905,000÷0.7)^(1÷74)−1=0.2217×100=22.17%
Answer:
Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.
Explanation:
opportunity cost = 3%($10,000) +8%($5,000)
= $300 + $400
= $700
Therefore, Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.
Answer:
Innovation for new products occurs which keeps firms competitively challenged
Explanation:
Free trade can be regarded as a
theoretical policy , that governments use when there is no imposition of
tariffs/taxes, as well as duties on imports as well as exports.
free trade can be regarded as the opposite of protectionism. It should be noted that One advantage of free trade is Innovation for new products occurs which keeps firms competitively
Which of the following best explains what the profit motive pushes producers to do?<span>
Answer:
Minimize costs and maximize revenue</span>
