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3 years ago

An increase in price causes an increase in total revenue when demand is

Business

1 answer:

nadezda [96]3 years ago

7 0

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,

$\frac{dR}{dP}$ > 0

Now,

When,

$\frac{dR}{dP}$ > 0

then,

the elasticity of demand will be Ed will be < 1

which means the elasticity of demand will be inelastic

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Name one special feature on edmentum ??

zavuch27 [327]

Answer:

Family Sensei

Explanation:

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3 years ago

Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale c

Lyrx [107]

Explanation:

The solution can be made in tabular form as given below for better comprehension. This easily calculates gross profit for each of the four costing methods.

Particulars FIFO LIFO Avg cost Spec. ID

Sales 50900 50900 50900 50900

Cost of goods sold 31800 32920 32248 32540

Gross Profit 19100 17980 18652 18360

8 0

3 years ago

You purchase a T-Bill which is selling at a discount of 12 TL. The maturity of this T-Bill is 255 days. Calculate the simple yie

sveta [45]

Answer:

Par value of T-Bill = 100

TL Discount = 12 TL

Days to Maturity = 255 days

a. Simple yield (assuming simple interest) = (Discount / (Par value - Discount)) * (365 / Days to maturity)

Simple yield = (12 / (100 - 12)) * (365 / 255)

Simple yield = (12 / 88) * 1.431373

Simple yield = 0.136364 * 1.431373

Simple yield = 0.195187747772

Simple yield= 19.52%

So, the Simple Yield of the T-Bill is 19.52%

b. Compounded yield = (1 + (Simple Yield / (365 / Days to maturity))^(365 / Days to maturity) - 1

Compounded Yield = (1 + (0.19519 * (255 / 365)))^365/255 - 1

Compounded Yield = (1 + 0.136364)^1.431373 - 1

Compounded Yield = 1.200787 - 1

Compounded Yield = 0.200787

Compounded Yield = 20.08%

So, Compounded Yield of the T-Bill is 20.08%.

7 0

3 years ago

Payments on a Jan. 1, 1995 40,000 loan are as follows: 1/1/96 5,000 1/1/97 5,000 1/1/98 5,000 On July 1, 1998 an additional 10,0

Sliva [168]

Answer:

Amount $55,386.92

Explanation:

We solve for the outstanding amount after July 1998 payment and then future value until Jan 1st 2005:

Beginning Payment Interest Carrying value

1995 40000 4000 44000

1996 44000 -5000 3900 42900

1997 42900 -5000 4290 42190

1998 42190 -5000 2109.5 39299.5

1998 39299.5 -10000 1964.975 31264.475

Now, we calculate the future value from Jan 1999 to Jan 2005:

$Principal \: (1+ r)^{time} = Amount$

Principal 31,264.48

time 6.00

rate 0.10000

$31264.475 \: (1+ 0.1)^{6} = Amount$

Amount 55,386.92

6 0

3 years ago

A plant operates on Just-in-Time/lean principles. The total production requirements for next three days are 3000 units of X, 300

Sergio039 [100]

Answer:

Just-in-Time/Lean Principles

The plan that best represents uniform plant loading for this plant is:

c. Produce 1500 units of X on day 1, 1500 units of X on day 2, and then 300 units of Y and 1200 units of Z on day 3.

Explanation:

a) Data and Calculations:

Total production requirements Product X Product Y Product Z

for the next three days at the factory 3,000 300 1,200

Uniform plant loading plan:

Day 1 1,500 0 0

Day 2 1,500 0 0

Day 3 0 300 1,200

Total production on the three days 3,000 300 1,200

b) The uniform plant loading plan within the just-in-time or lean production environment ensures that wastes and disruptions are minimized. It reduces inventory of raw materials, work-in-process, and finished goods, and loss due to production stoppages and setups. Operating on this just-in-time principle, production of product X will continue from Day 1 through Day 2, while production of products Y and Z will take place on Day 3, with the same quantity of products produced each day.

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3 years ago