1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Reika [66]
3 years ago
8

When Heavenly Cookies prices its sugar cookies at $1.00, they sell 75 cookies. They lowered the price to $0.50 and sold 200 cook

ies. Their total revenue ________ because the price elasticity of demand for sugar cookies is ________.
Business
1 answer:
Serga [27]3 years ago
4 0

Answer: Total Revenue is $100 and the price elasticity is 0.4

Explanation: total revenue is computed as Price * Quantity

$0.5 * 200= $100

Elasticity is the degree of responsiveness of quantity demanded to a change in price.

Old price $1

New price $0.5

Old quantity 75

New quantity 200

Formula- % change in quantity demanded / % change in pride

NB change is (old-new)

Change in Qd= (75-200) / 75 =-1.67

Change in price=(1-0.5)/1=0.5

-1.67/0.5= -3.34

The negative is ignored in price elasticity and the answer is 3.34 which means the product is Elastic

You might be interested in
Please help me with personal finance!!! NO LINKS!!!
nikklg [1K]

Answer:

I can't post the link i found to answer the question so if u look this up u will find the answer

Explanation:

8 0
2 years ago
Bobby decides to sell lemonade on a hot summer day. If Bobby sells 20 glasses of lemonade for $0.20 per cup, and his average tot
MAXImum [283]

Answer:

c. $0.6

Explanation:

The economic profit is the difference between total income and total cost. The total cost is the multiplication of the average cost by the number of sold glasses.

Total income = 20 * 0,2 = 4

Average cost = 0,17

Total cost = 0,17 * 20 = 3,4

Economic profit = Total income - total cost = 4 - 3,4 = 0,6

4 0
3 years ago
A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to mi
dolphi86 [110]

Answer:

(A) $2,600

Explanation:

Please see attachment .

6 0
3 years ago
Instead of treating mobile commerce and traditional retailing as separate retail channels, the National Retail Federation recomm
Hitman42 [59]

Answer:

Omni-channel

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question the integrated strategy being described within the question is called Omni-channel retailing. This is a strategy that emphasizes simultaneous communication between different communication channels and their supporting resources in order to provide a better user experience.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, wh
Bingel [31]

Answer:

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?

Robert; his opportunity cost is lower

Explanation:

Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket

5 0
3 years ago
Other questions:
  • Explain how union membership has affected minorities, women, older workers, and part-time workers.
    6·1 answer
  • The Finishing Department had 5,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to ma
    13·1 answer
  • Yummy Bakery just paid an annual dividend of $3.40 a share and is expected to increase that amount by 2.2 percent per year. If y
    11·1 answer
  • The accounting records of Tuel Electronics show the following data.
    11·1 answer
  • a company bought a piece of equipment for A200 and expects to use it for eight years. The company that plans to
    13·1 answer
  • Which of the following would not be included in calculating the incremental cash flow for a project? The firm expects sales of t
    5·1 answer
  • Kay and Jenny's, a restaurant, implements a new system that identifies and gathers information about its regular customers. It r
    11·1 answer
  • England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweate
    14·1 answer
  • Crawford Corporation incurred the following transactions.
    6·1 answer
  • A company needs a way to convert 10 years of shipping records currently on paper into files that can be saved to its private clo
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!