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bearhunter [10]
3 years ago
9

what is it called when raising the price of a good will increase the firm's total revenue, decreasing the price will decrease th

e total revenue?
Business
1 answer:
frozen [14]3 years ago
6 0

Answer:

total revenue test: elastic. If demand is elastic, a decrease in price will increase total revenue, and an increase in price will reduce total revenue. total revenue: inelastic.

Explanation:

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What type of analysis involves using scales to suit circumstances and allows for quick identification of potential risks as well
Hunter-Best [27]

The correct answer would be, Qualitative Analysis.

Qualitative Analysis involves using scales to suit circumstances and allows for quick identification of potential risks as well as vulnerable assets and resources.

Explanation:

There are two main types of analysis used in the research methodology. One is Quantitative Analysis and the other is Qualitative Analysis. Quantitative Analysis is concerned about mathematical and statistical analysis of the data in the research. Whereas, Qualitative Analysis is the analysis or the understanding of the facts and phenomenons in the research.

Qualitative Analysis help in predicting the potential risks associated in doing something, as well as the identification of vulnerable assets and resources.

Learn more about Qualitative Analysis at:

brainly.com/question/13128569

#LearnWithBrainly

6 0
4 years ago
Sanford Corp. bought new technological systems to inspect the quality of products as they come off the production line. The expe
Lisa [10]

Answer: b. Appraisal cost

Explanation: Appraisal cost, also known as inspection costs, are those costs incurred by a company, as part of the quality control process, to detect defective products before the products are moved to the market, in order to meet consumers' expectations.

This is done because the losses that will be made when defective products are sold, outweigh the appraisal costs.

Therefore, Sanford Corp. has incurred  appraisal cost in buying the new technological systems, knowing that if the quality of the Company's products is not up to consumer standards, the losses that will be incurred will surpass that of the appraisal cost.

4 0
4 years ago
"An investor is considering a $20,000 investment in a start-up company. She estimates that she has probability 0.25 of a $15,000
jok3333 [9.3K]

Answer:

Expected value of profit = -3750 + 2,000 + 2,500 + 0

Explanation:

<em>The expected value of is the sum of the possible profit under different outcomes multiplied by their respective probabilities</em>

Profit                Prob             P× Profit

(15000)       ×     0.25  =      -3750

20,000        ×       0.1    =        2,000

25,000        ×       0.1  =            2,500

    0            ×    0.55   =        <u> 0_____</u>

Expected value of  profit =          <u>   750</u>

Expected value of profit = -3750 + 2,000 + 2,500 + 0

= $750

<em>Note the figures given are stated as profits and not revenue. So we do not make use of the investment cost of $20,000</em>

5 0
3 years ago
Politicians can gain added support for themselves by approving what?
Natalka [10]

Answer:

D. Pork Barrel projects

3 0
3 years ago
Read 2 more answers
Which benefit is often associated with command economies and most likely
GuDViN [60]

Answer:

The establishment of social welfare programs.

Explanation:

This is the answer for Ap3x.

5 0
3 years ago
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