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viktelen [127]
3 years ago
9

A. how much would the firm’s revenue change if it lowered price from $12 to $10? is demand elastic or inelastic in this range?

Business
1 answer:
Alekssandra [29.7K]3 years ago
8 0
Its InElastic Because It Lowered Hope It Helped :)
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Which of the following statement is not true about derivative contracts?
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Answer:

a. A long position is a bet that the number is going to fall while a short position is a bet that the number will rise in the future.

Explanation:

The derivative contract is a contract in which the contract is to be done between two or more parties regarding the value i.e. depend upon the financial asset i.e. underlying. It involves the bonds, commodities, etc

So according to the given options, the option a is correct as long position is a bet in which the number is to be decline while on the other hand in the short position the number would increase

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Which of the following describes an inferior​ good? A. When consumer income​ increases, the demand for tea increases. B. When co
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Answer:

C. When consumer income​ increases, the demand for eggs decreases.

Explanation:

Inferior goods is the type of good which demand does not increase even though the initial buyer experience an increase in purchasing power.

The reason for this is because that consumer choose to<u> purchase another product that he/she couldn't afford</u> before having an increase in income.

This 'other' product tend to be more expensive and higher in quality compared to the previous one. This is why the word 'inferior' is attached to the previous product.

From the example above, the reason why the demand for the eggs does not increase is most likely happen because the consumer choose to purchase higher quality of food. (such as a more expensive meat)

6 0
3 years ago
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You would like to compare your firm's cost structure to that of your competitors. However, your competitors are much larger in s
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Answer:

b. Common-size income statement

Explanation:

The common-size income statement refers to the income statement which show the each item of the income statement with respect to the percentage of sales revenue.

It helps to analyze the company overall productivity, financial position, performance of the company that helps the company to compare with its competitors.

6 0
3 years ago
A course that costs $500 will allow you to get a job that pays $2 more per hour than your current job. How many hours will you n
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Answer:

250 hours.

Explanation:

Cost of course : $500

The extra income from the course is $2 per hour

to pay off the cost of the course requires earning $500 by working at a rate $2 per hour.

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=250 hours.

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2 years ago
A client with a skin infection reports an itching sensation associated with pain at the site of infection. The assessment findin
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This patient could possible have <em>Tinea Pedis</em>

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Tinea Pedis is a contagious fungal infection caused by dermatophyte fungus such as "Epidermophyton Floccosum". This type of infection is more common in places with tropical weather. It mostly affects young males, but it can also affect females and children.

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