Answer:
elasticity of demand will be inelastic
Explanation:
Here in the question it is provided in the statement that with an increase in price there is an increase in total revenue
Therefore,
change in price and change in revenue will be positive
Mathematically,
> 0
Now,
When,
> 0
then,
the elasticity of demand will be Ed will be < 1
which means the elasticity of demand will be inelastic
Answer:
The solution according to the given query is provided below.
Explanation:
The given question seems to be incomplete. The attachment of the complete query is provided below.
Now,
The additional investment will be:
= 
By putting the values, we get
= 
= 
Now,
The drawings will be:
= 
By putting the values, we get
= 
= 
The first new product pricing strategies is called price-skimming. It is also referred to as market-skimming pricing. Price-skimming (or market-skimming) calls for setting a high price for a new product to skim maximum revenues layer by layer from those segments willing to pay the high price.
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Answer:
c. Persistent excess capacity
Explanation:
Cost reduction is a process of reducing expenditure in a planned manner. The process of cost reduction requires continuity of cost analysis. The elements which are not of any use or contribute anything to the factors of the production are eliminated through this process. The elements of cost are examined critically before their elimination.
<span>Why is organizational culture so difficult to change? Because it is difficult to change a group's shared values, attitudes, and beliefs. Organizational culture is defined as the values and behaviors that make an organization a unique environment. It is hard to change the way an organization works because you can't just change values and beliefs that someone beliefs in. </span>
