1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
qwelly [4]
3 years ago
13

You are the newly appointed sales manager of the Rock Record Company and have been charged with the task of increasing revenues.

Your economics consultants have informed you that at present price and output levels, price elasticity of demand for your product is less than one. You should______________
Business
1 answer:
djyliett [7]3 years ago
7 0

Answer:

increase the price of our products or services.

Explanation:

When the price elasticity is less than 1 (inelastic), then an increase in the price of our products or services will result in a proportionally smaller decrease in the quantity demanded. Therefore, by increasing our prices, we can increase total revenue even if the quantity demanded decreases a little.

You might be interested in
When supply increases, the supply curve
MariettaO [177]

When supply increases, the supply curve  shifts to the right.

<h3>What is the supply curve?</h3>

This is the curve that is used to show the amount of goods that the producers would be able to make available for the market at a particular price. The supply curve shifts to the right when there is an increase in supply in the economy.

Hence this answers our question by saying that When supply increases, the supply curve  shifts to the right.

Read more on supply curve here: brainly.com/question/11717727

#SPJ1

5 0
1 year ago
You need to have an emergency fund that can cover____months of your fixed expences.
elena-14-01-66 [18.8K]
The answer is C hope it helps 
4 0
4 years ago
The current sections of Birmingham Inc.’s balance sheets at December 31, 2019 and 2020, are presented here. Birmingham’s net
jekas [21]

Answer:

Net Income 193,000

Non-monetary terms:

Depreciation expense    25,000

amortization expense       10,000

gain on disposal          <u>     (7,000)   </u>

Adjusted Income            221,000

Change in Working Capital:

Increase in A/R        (27,000)

Decreasein Inv          17,000

Increase in Prepaid   (5,000)

Increase Accrued /P   11,000

Decreasein A/P         (6,000)

Change In Working Capital     (10,000)

From Operating Activities    211,000

Investing

Sale of Equipment  47,000

Financing

Bonds Issued   60,000

Cash Flow              318,000

Beginning Cash   99,000

Cash Flow           318,000

Ending Cash        417,000

Explanation:

We first remove the non.monetary concetps from the net income.

Then we adjust for the change in working capital which are the incrase and decrease in the current assets and liabilities account

Increase in asset and decrease in liabilities represent cash outflow

while the opposite is true when an asset decrease(convert to cash) or a liablity increase (delay of the payment)

6 0
3 years ago
What is economic unity
NemiM [27]

Answer:

the state of different areas or groups being joined together to form a single country or organization.

Explanation:

4 0
3 years ago
The main function of this tool is to reproduce the measurements of am object to any size
Rasek [7]

Answer:

TRIANGULAR SCALES  A tool generally used when reproducing a drawing in an enlarged or reduced for to some regular proportion.  Its main function is to reproduce the measurements of an object in full size, reduced size, and enlarged size.

Explanation:

I hope it helps..

5 0
3 years ago
Other questions:
  • Which kind of listing gives one broker the right to sell, but allows the owner to sell the property and not owe a commission to
    10·1 answer
  • A(n) ____ strategy requires little initial investment, is heavily regulated, and provides little opportunity to modify products
    6·1 answer
  • Which of the following best defines the General Electric fastworks approach
    15·1 answer
  • BUSINE
    6·1 answer
  • Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Lei
    14·1 answer
  • where x1 and x2 represent number of units of production of basic and advanced iPods, respectively. Production time required for
    11·1 answer
  • Great Skin Inc. is establishing a pricing strategy for a new moisturizer. The total cost to produce each unit is $3.50. The comp
    6·1 answer
  • An insurance company has offered your friend the choice of $45,000 per year for 15 years, with the first payment being made toda
    10·1 answer
  • An initial license is issued in October of 2015. When must the license be renewed in order to prevent expiration?
    13·1 answer
  • After the Interview The job search doesn't end with the interview. After your interview, be sure to follow up with the appropria
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!