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valentina_108 [34]
3 years ago
6

Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $30 per basketball and

$600 when the price is set at $20 per basketball. Without using the midpoint formula, can you tell whether demand is elastic, inelastic, or unit-elastic over this price range
Business
1 answer:
marusya05 [52]3 years ago
7 0

Answer:

Unit-Elastic

Explanation:

The elasticity of demand is the measure of responsiveness of demand against any change in the price. This show the ratio of change in quantity if price changes.

The demand is unit elastic because the revenue received after the change in price is the same as before the change. This means that equal ratio of decrease in price against equal ratio of increase in demand resulting no change in total revenue earned. Demand and price is perfectly responsive to the change in the same ratio.

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Answer:

<em>Taxable Income</em> is the amount that is used to calculate how much tax you owe.

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A building that settles unevenly after an earthquake is evidence of _____.
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The four level pyramid model revolves around which aspect of an organization? The four-level pyramid model revolves around the _
Damm [24]

Answer:

Hierarchy, Information Systems

Explanation:

The pyramid model of four level in an organization is based on and is depends on the various levels of the hierarchy systems or management in the organization.

These four level is of different types of the Information System in the organization.

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3 years ago
Refer to the data for Pennewell Publishing Inc. (PP). Assume that PP is considering changing from its original capital structure
Mnenie [13.5K]

Answer:

$57.69 per share

Explanation:

The computation of the  stock price per share immediately after issuing the debt but prior to the repurchase is shown below

Price per share = Value of equity ÷ number of Shares

where,

Value of equity is

= Value of operations + T-bills value - Debt value

= $576,923 + $259,615 - $259,615

= $576,923

And, the number of shares is 10,000 shares

So, the price per share is

= $576,923 ÷ 10,000 shares

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A company has two products: A1 and B2. It uses activity-based costing and has prepared the following analysis showing budgeted c
Mila [183]

Answer:

$4.00

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As our overhead unit of product

4 0
3 years ago
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