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3 years ago

When demand is inelastic and price is decreased:

Business

1 answer:

REY [17]3 years ago

6 0

Answer:

The correct answer is letter "C": the effect of the decrease in price on total revenue dominates the effect of the increase in quantity demanded on total revenue; overall total revenue declines.

Explanation:

Goods or services have inelastic demand when changes in prices do not affect their quantity demanded. If prices decrease or increase, the quantity demanded will remain at the same level or the change will be so minimal that it is not perceived. It is said then that the decrease in price dominates the effect of the changes in quantity demanded.

However, if prices decrease and the quantity demanded remains the same, the company's overall revenue will decrease.

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To determine the outcomes of the HR functions at Veranda International, several top-level managers suggest conducting a formal r

ASHA 777 [7]

Answer:

The correct answer is: HR audit.

Explanation:

An HR audit is the evaluation of the performance of the Human Resources (HR) department and the overall practices that are carried out by the workers in that area. Policies, procedures, documentation, and systems will allow the evaluators to find the department's strengths and points for improvement.

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3 years ago

An investor thought that market interest rates were going to decline. He paid $19,000 fora corporate bond with a face value of $

iren2701 [21]

Answer:

$22,251

Explanation:

Coupon rate = $2,000

Now, we calculate the seired sale price of the bonds:

19,000 = 2,000[P/A, 14%, 4] + S[P/F. 14%, 4]

19,000 = 2,000(2.9137) + S(0.592)

S = (19,000 - 5,827.4) / 0.592

S = 22251.01351351351

S = $22,251

So, he have to receive $22,251.

5 0

3 years ago

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit

posledela

Answer:

Explanation:

Direct Material $165,000 (195,000 - 30,000)

Direct labor $110,000 (150,000 - 40,000)

Overhead $165,000 ( 110,000 * 150%)

Total cost $440,000

Work in progress transfer = $15,500 + $440,000 - $27,000 = $428,500

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4 years ago

The purpose of the work opportunity tax credit is to encourage employers to hire individuals from specified target groups tradit

Yuki888 [10]

Answer:

true

Explanation:

The given statement is true here because the purpose of Work Opportunity Credit is to encourage employers to hire people who are facing employment barriers and are resulting in high unemployment.
And examples of the target group are unemployed ex-servicemen, food stamp recipients etc..
so this is true statement

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3 years ago

A home developer has an existing mortgage for the purchase of land. If the new lender of a second construction mortgage wants to

Jobisdone [24]

Answer:

A Subordination Clause

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3 years ago