Answer:
It decreases.
Explanation:
If the absolute value of price elasticity of demand is less than one, it means that demand is inelastic.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
If the pizza hut reduces its price, there would be little or no change in quantity demanded. As a result, revenue would fall.
If demand were elastic, a reduction in price would lead to an increase in the quantity of pizza demanded and revenue would increase.
Demand is elastic if a small change in price has a greater effect on the quantity demanded.
I hope my answer helps you
Answer:
The answer is Letter D.
Explanation:
They are large-scale customized initiatives with wide variations in tasks.
Because the process is reapted over and over again. It is always the same process with easier mechanization, higher quantity production, which allows faster continuous improvement.
Answer:
<u>Journal Entry :</u>
Bank $100,000 (debit)
Note Payable : Acme Bank (credit)
Explanation:
In Oriole Company Ltd books the following entries must be made :
The assets of cash should be increase (debit) at the same time, the liabilities arising on the Note Payable must also increase (credit).
Answer:
$50,400
Explanation:
To do this first start by multiplying .12 x 35,000. The answer should be $4,200. After this multiply 4,200 by 12 in order to get the amount of money earned over a 12 month period. This will give you $50,400.
Answer:
$28,007,000
Explanation:
Number of rooms = 200
Daily operating expenses for one room = $20,000 + Cleaning fee
Daily operating expenses for one room = $20,000 + $5
= $20,005
One week period = 7 days
Daily operating expenses for 200 rooms = Daily operating expenses for
one room X Number of rooms
= $20,005 X 200
= $4,001,000
Operating expenses for one-week period = Daily operating expenses for
200 rooms X 7
= $4,001,000 X 7
= $28,007,000
