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gtnhenbr [62]
3 years ago
5

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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Prepare journal entries to record the following four separate issuances of stock.
Pavel [41]

Answer:

Item 1

Debit : Cash $144,000

Credit : Common Stock $120,000

Credit : Common Stock Paid in Excess of Par $24,000

Item 2

Debit : Cash $39,000

Credit : Common Stock $39,000

Item 3

Debit : Cash $39,000

Credit : Common Stock $39,000

Item 4

Debit : Cash $89,000

Credit : Preferred Stock $50,000

Credit : Preferred Stock paid in excess of par $39,000

Explanation:

Take a careful note on Par value Stocks and No Par Value Stocks. A reserve is created whenever Stocks are issued above their Par Value.

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3 years ago
The development and application of mrp depended upon two developments (1) the recognition of the difference between independent
leva [86]

Answer:

a. Computers

Explanation:

The MRP refers to the material requirement planning with respect to production, scheduling, controlling of an inventory. It works is to transform the master schedule to the detailed schedule in order to purchase the raw material.

It can be divided into two components i.e independent and dependent demand. The independent demand is held for the finished goods and the dependent demand is for the components

Now for developing the mrp depend upon the recognition between the dependent and independent demand and the second one is computer

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4 years ago
After critical success factors have been identified, the next step in developing a competitive strategy is to develop relevant a
MrRa [10]

These measures are important to help the organization monitor progress toward achieving strategic goals.

<h3>What is a Staretegic Goal? </h3>

This refers to aims and objectives of a business and the steps it takes to achieve them.

Hence, we can see that the next step to take after the critical success factors have been identified is to develop competitive strategy that would help to monitor progress toward achieving strategic goals.

Read more about the strategic goals here:

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8 0
2 years ago
You go to the grocery store to buy a gallon of milk, expecting to pay $4.50 for it. Once you get there, you discover it is on sa
DIA [1.3K]

The extra $2 that you saved on the $4.50 you were willing to pay for it represents consumer surplus. Consumer surplus is the difference between the total amount that a consumer is willing to pay for a good or service versus what they actually pay for the good or service. The $2 represents what the consumer was willing to pay for the milk.

3 0
3 years ago
If the Fed sells treasury bonds, what happens? Select an answer and submit. For keyboard navigation, use the up/down arrow keys
andre [41]

Answer:

c Financial institutions purchase the bonds, which removes money from the system and the interest rate rises.

Explanation:

The Fed engages in various strategies to control the amount of money in the economy. On each strategy is the Open Market Operations (OMO) where the Fed regulates cash in circulation by selling or buying of securities.

When the Fed sells treasury bonds they want to mop up cash in the economy and reduce money supply.

As financial institutions purchase the bonds the level of liquidity or cash in the economy reduces.

This will push interest rates up as financial institutions have less cash to lend to customers.

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