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soldi70 [24.7K]
4 years ago
8

If demand for farmer​ john's maple syrup is​ inelastic, then when farmer john raises the price of maple​ syrup, his total revenu

e will
Business
1 answer:
dybincka [34]4 years ago
7 0

If demand is inelastic, this means that the amount demanded doesn't change with the increase of price. In this case, if John were to raise prices, we assume that quantity demanded would stay the same and John would make more revenue.

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4. A coffee maker vendor has set up two coffee machines, Machine 1 and Machine 2, inside an organization. The service cost incur
Grace [21]

Answer:

An example of a linear (integer) programming problem

Explanation:

We infer the following:

Let the number of mugs produced by machine 1 be represented by X,

Since only one machine is to be used in the week of Christmas, this constraints should apply for machine-1;

Constraints

Production cost≤ $2,

Service Incurred cost≤$100,

Production capacity (excluding sunday) ≥ 800 mugs served,

Objective Function

Minimise cost: XService cost + XProduction cost

Minimise: 100x + 20x

8 0
3 years ago
If the supply of a product increases, then we would expect equilibrium price
olga55 [171]

With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required.

The equilibrium price will increase as the supply declines, while the quantity needed will go down. Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter. When demand, supply, or both move or change, the equilibrium price will change. Price decreases and quantity increases as supply grows. Price increases and quantity declines cause a drop in supply. The equilibrium price rises if the increase in supply exceeds the increase in demand. The equilibrium price falls if the increase in supply is greater than the rise in demand. Equilibrium quantity rises in both scenarios. The equilibrium price and quantity are impacted by upward movements in the supply and demand curves. The equilibrium price rises but the quantity decreases if the supply curve changes upward, indicating that supply declines but demand remains constant. For instance, pump prices are expected to increase if gasoline supply are reduced.

Learn more about equilibrium price hear :

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5 0
1 year ago
- The local botanical society wants to ensure that the gardens in the town park are properly cared for. The group recently spent
slega [8]

Answer:

$159,000

Explanation:

We are going to compute an A which is equivalent to $100,000 at the end of 10 years.

Therefore:

A= $100,000 (A/F, 5%, 10)

= $100,000 (0.0795) = $7,950

Infinite series is :

P= A/i= $7,950/0.05= $159,000

Therefore the money needed is $159,000

8 0
4 years ago
A customer buys an oil and gas limited partnership interest by contributing $20,000 and signing a $20,000 non-recourse note. The
qaws [65]

Answer:

The customer's tax basis is:

$20,000.

Explanation:

The non-recourse notes of $20,000 do not provide basis for the customer's tax.  Since the partnership cannot recover beyond the secured property, a non-recourse note is not a qualified basis.  IRS Section 752 rules apply to non-recourse liabilities.  A non-recourse note provides the basis for partnership distributions but generally do not provide basis for at-risk rules.

8 0
4 years ago
The name of Internet Web sites are referred to as their _____ name.<br>its domain
Alja [10]

Answer:

Domain names . good luck ;)

7 0
3 years ago
Read 2 more answers
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