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levacccp [35]
3 years ago
5

The owner of a newspaper-stand wants to raise prices to increase revenue. There are a number of other newspaper-stands nearby. W

hich of the following is likely to happen? Select the correct answer below: The owner's revenue will fall because newspaper demand is price elastic. The owner's revenue will fall because newspapers demand is price inelastic. The owner's revenue will rise because newspaper demand is price inelastic. The owner's revenue will rise because newspaper demand is price elastic.
Business
1 answer:
BaLLatris [955]3 years ago
8 0

Answer:

The answer is: The owner's revenue will rise because newspaper demand is price inelastic.

Explanation:

Although the question doesn't specify the price elasticity of newspapers, different papers and essays around the world concluded that it is very inelastic. So an increase in the price of newspapers will decrease the quantity demanded of news papers in a very small proportion. So it is safe to say that if the owner of the newspaper stand raises the price of newspapers, his total revenue will increase since its demand is price inelastic.

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Answer:

the dogs

Explanation:

8 0
3 years ago
Matt Newell, a former Air Force pilot, decides to operate a helicopter tour company to provide customers with breathtaking views
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Answer:

Labor

Explanation:

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4 0
2 years ago
First-line managers most likely have _____.
gregori [183]
First-line managers most likely have (d). a more narrow span of control than top-level managers. First line managers directly supervise non-managerial workers and employees who are assigned and who belong to a specific field of work or duty. These first-line managers are the ones that manage them, thus having a more narrow span of control compared to the managers at the top of the hierarchy.
8 0
3 years ago
Read 2 more answers
Number of Employees 20 Average Salary per employee $ 30,000 Weeks per year 52 Minutes available per week 2,400 Practical capacit
stich3 [128]

Answer:

1,996,800 minutes

Explanation:

Calculation for what is the practical capacity of resources supplied in minutes

Practical capacity of resources supplied =52 weeks × 2,400 minutes per week× 80% × 20 employees

Practical capacity of resources supplied= 1,996,800 minutes

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7 0
3 years ago
Cleo is afraid of being viewed as weak, so she uses only her head when managing her team of employees. Which leadership task is
Dmitry_Shevchenko [17]

Answer:

The correct answer is letter "D": Developing employees' skills .

Explanation:

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4 0
3 years ago
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