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exis [7]
3 years ago
8

If you were selling a product with an elasticity of 1.6 and you wanted to increase your revenue, what should you do to the price

?a. Lower priceb. Increase priceC. Do not change price
Business
1 answer:
docker41 [41]3 years ago
7 0

Answer:

If the product we are selling has an elasticity of 1.6 we should lower the price to increase revenues

Explanation:

Elasticy in demand above 1 means that are elastic goods. So the percentage in the rise in the quantity demanded is superior to the percentage in the fall of the price, so it will increase revenues.

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Training is working hard and development is getting better
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Why is the primary sector important to the South African economy?​
Fynjy0 [20]

Answer:

However, the economy has been characterised by a structural shift in output over the past four decades.

Since the early 1990s, economic growth has been driven mainly by the tertiary sector – which includes wholesale and retail trade, tourism and communications. Now South Africa is moving towards becoming a knowledge-based economy, with a greater focus on technology, e-commerce and financial and other services.

Among the key sectors that contribute to the gross domestic product and keep the economic engine running are manufacturing, retail, financial services, communications, mining, agriculture and tourism.

Explanation:

South Africa’s economy has traditionally been in the primary sectors – the result of a wealth of mineral resources and favourable agricultural conditions.

4 0
2 years ago
For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising e
beks73 [17]

Answer:

Total Selling Expenses for the month of February is $241,000

Explanation:

Sales Commissions ($700,000 of sales x 5%)  = $35,000

Sales Manager Salary = $96,000

Advertising expenses = $90,000

Shipping expenses = ($700,000 of sales x 2%) = 14,000

Miscellaneous selling expenses = ($2,500 + $700,000 x 1% x 0.5) = $6,000

Total Selling Expenses (Summation of all the calculated above working)= $241,000

5 0
3 years ago
According to a 2000 public opinion poll, 69 percent of americans who responded were most proud of the nation’s
aalyn [17]

According to a 2000 public-opinion poll, 69 percent of Americans who responded were most proud of the nation's equal opportunity laws.


<span>An </span>equal opportunities policy<span> should: make clear your organization’s commitment to </span>equal opportunities, non-discriminatory procedures and practices. list all the forms of discrimination covered by the policy, ie age, gender, race, religion or belief, sexual orientation, disability or pay rate.

8 0
3 years ago
Upton Industries has revenues of $42,629, interest expense of $1,230, depreciation of $2,609, cost of goods sold of $23,704, div
Softa [21]

Based on the various transactions, the addition to retained earnings was <u>A. $5,075.88</u>

<h3>What was the after tax net profit ?</h3>

This can be found as:

= (Revenues - Interest expense - Depreciation - Cost of goods sold - Admin expenses) x ( 1 - tax)

= (42,629 - 1,230 - 2,609 - 23,704 - 7,040) x ( 1 - 22%)

= $6,275.88

<h3>Addition to retained earnings </h3>

= After tax net profit - Dividends paid

= 6,275.88 - 1,200

= $5,075.88

In conclusion, option A is correct.

Find out more on retained earnings at brainly.com/question/25998979.

3 0
2 years ago
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