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vodomira [7]
3 years ago
13

Mark is selling gourmet apples at a price of ​$3 per pound. ​ currently, he sells 150 pounds of apples per week. this​ week, mar

k raises his price to ​$5​, and his sales of apples fall to 100 lbs. ​mark's initial revenue from apple sales was ​$ nothing. ​mark's new revenue from apple sales is ​$ nothing. since​ mark's revenue increased when the price of apples​ rose, the demand for​ mark's gourmet apples must be ▼ elastic unitary inelastic .
Business
2 answers:
Korvikt [17]3 years ago
6 0

Answer:

Inelastic

Explanation:

In this example, we learn that Mark's revenue increased when the price of the apples rose. This means that the demand for Mark's gourmet apples must be inelastic. The elasticity of demand refers to the degree to which demand responds to a change in another economic factor. Elastic demand exists when the changes in demand follow the changes in price. Inelastic demand occurs when consumers do not significantly change their habits, regardless of changes in price.

Dafna1 [17]3 years ago
4 0
Mark's initial revenue was $450 (150lb)($3) and his new revenue was $500 (100lb)($5). Since Mark's revenue increased when the price if apples rose, the demand for Mark's gourmet applies must be inelastic. Elastic, because even though there was a change in price, the change in price wasn't substantial. 
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McCoy's Fish House purchases a tract of land and an existing building for $990,000. The company plans to remove the old building
bekas [8.4K]

Answer:

$ 1,001,800

Explanation:

The following costs will be included in th cost of land

Purchase cost: 990,000

Closing cost: 2,900

Back Taxes: 8,900

(land taxes are payed every year, so they can't be included in the cost of land)

Total cost of land= 990,000+2,900+8,900=   1,001,800

6 0
3 years ago
Stock A has a beta of 0.8, Stock B has a beta of 1.0, and Stock C has a beta of 1.2. Portfolio P has equal amounts invested in e
Marat540 [252]

Answer:

b-The required return on Stock A will increase by less than the increase in the market risk premium, while the required return on Stock C will increase by more than the increase in the market risk premium.

Explanation:

Beta reflects the risk associated, as the beta is low, the expected risk is also low, accordingly return expected is also keeping all things constant.

When Beta is less than 1 it means the returns will be lower than market, accordingly for Stock A the return will increase but slower than the market risk.

Whereas, the Beta is more than 1 of Stock B and accordingly the risk is more but return will grow even faster as the risk volatility is high than the market risk.

5 0
3 years ago
ndicate the proper IFRS presentation: Select one: a. Listing noncurrent assets before current assets, and listing Retained Earni
tatuchka [14]

Answer:

The proper IFRS presentation is:

d. Listing current assets before noncurrent assets, and listing Current Liabilities before Retained Earnings

Explanation:

The above listing is in the order of liquidity, especially of current assets and noncurrent assets.  This listing shows all the current assets before the noncurrent assets with Cash, Accounts Receivable, etc following that order for the listing of current assets.  And the more permanent assets are listed last.  Similarly, for the Liabilities and Equity side, the Current Liabilities are listed first before the Noncurrent Liabilities followed by Equity (Share Capital and Retained Earnings) in that order.

4 0
3 years ago
In more centralized organizations employees at all levels of the organization are involved in the decision-making process.
MaRussiya [10]

Answer:

B, False

Explanation:

A centralized organization can be defined as a decision-making process in which decisions are made and handled by the top executives of the organization.

This means that only employees in the highest of hierarchy in an organization are involved in the decision-making process rather than every employee in the organization. Decisions made by the top executives are to be followed by the other employees in the organization.

Cheers.

7 0
3 years ago
Finding ordered pairs that satisfy all of the inequalities in the system is called
solmaris [256]
Finding ordered pairs that satisfy all of the inequalities in a system is called SOLUTIONS OF A SET OF LINEAR INEQUALITIES.
A system of linear equations is a set of two or more linear equations which contain two or more variables. Solution to a linear inequalities refers to any ordered pair that make the inequality true. 
6 0
2 years ago
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