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
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.

You might be interested in
Which of the following are true?
igor_vitrenko [27]

Answer:

  • A. The data in D3 is skewed right.
  • B. Three quarters of the data values for D2 are greater than the median value for D1 .
  • E. At least a quarter of the data values for D3 are less than the median value for D2 .

Explanation:

A Box Plot can be interpreted as follows;

The first point on the line is the minimum value.

The first end of the box is the First Quartile of the data range.

The next line is the Median.

The last end of the box is the Third Quartile.

The last point on the line is the maximum value.

Most of D3 lies on the right side of Median so it is skewed right.

The First Quartile of D2 is more than the Median of D1 which means that 3 quarters of D2 (first quartile to the maximum value) are greater than the median of D1.

D2's Median value is greater than the Third Quartile of D3 which means that more than just a quarter of D3 falls below D2's Median so option E is correct.

4 0
3 years ago
In​ ________, goals set by top managers flow down through the organization and become subgoals for each organizational area.
STatiana [176]

Answer:

traditional goal setting

Explanation:

This is traditional goal setting because the goals flow from the top down. Each organisational area then incorporates them from the top down.

3 0
3 years ago
On January 1, 2020, Piper Corp. purchased 40% of the voting common stock for of Betz, Inc. for $2,000,000 and appropriately acco
Neko [114]

Answer:

$57,600

Explanation:

The computation of the increase in Piper's deferred income tax liability for this temporary difference is shown below:-

Purchase of voting Common stock of Betz inc. by Piper Corp.= ( Betz's reported earnings - Betz Paid Dividends ) × (Percentage of the voting Common stock of Betz inc.)

= ($720,000 - $240,000) × 40%

= $480,000 × 40%

= $192,000

Now, the rise in Piper's deferred income tax liability for this temporary difference is

Purchase of voting Common stock of Betz inc. by Piper Corp. × enacted tax rate

= $192,000 × 30%

= $57,600

6 0
3 years ago
Poppy is interested in computer networking. What online resource can she use to find out the education and training for this car
andrew-mc [135]
Occupational Outlook Handbook!
3 0
3 years ago
It is clear that to produce the maximum material comfort for its citizens, a nation needs to _______.
mariarad [96]

Answer:

(D) Specialize in producing something that it is relatively good at producing.

Explanation:

When a country specialises in production of a good it is relatively good at producing, its citizens will not find it difficult to manufacture the good for local consumption and export.

If the country needs product it is not good at producing it imports it from other countries that have a competitive advantage in producing it.

This will produce maximum material comfort for its citizens.

6 0
3 years ago
Other questions:
  • As an unenrolled tax preparer, Daryl is subject to
    6·2 answers
  • You have an opportunity to invest in Australia at an interest rate of 8%. Moreover, you expect the Australian dollar (A$) to app
    12·1 answer
  • A company sells children’s sleds for $70 each. The firm has variable costs per unit of $35 and total fixed costs of $120,000. Wh
    14·1 answer
  • Chips Corp., has contacted Cierra with an offer to sell to Cierra 10,000 of the chips for $22.00 per chip. If Cierra accepts the
    13·1 answer
  • Jacob applied for the position of a correspondent at The News Curator, a news agency in New Orleans, after he graduated. The new
    10·1 answer
  • The following descriptions illustrate several mistakes that decision makers might have made as they were deciding how to rebuild
    10·1 answer
  • Which of the following would be considered a savings alternative?
    14·1 answer
  • The subject is a 15 year old duplex that would cost $240,000 to build new today. It is in good condition and you estimate the ef
    10·1 answer
  • In a statistics examination the mean score was 78 and the standard deviation was 10
    7·1 answer
  • Being a mason requires a five-year apprenticeship, a program that requires trainees to work for an experienced mason in order to
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!