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den301095 [7]
3 years ago
5

If total revenue rises as a result of a decrease in the price of a given good, it follows that demand is

Business
1 answer:
zubka84 [21]3 years ago
5 0
The answer is elastic. Elastic demand is when the price of a product or other elements have a big outcome on the number consumers want to buy. It is most frequent when customers respond to price fluctuations. If the price goes down by a slight amount, they'll buy in bulk. But if the price rises just a jiff, they'll stop buying bulks and wait for the price of the product to return to normal. Price is included in the five determinants of demand. If a good or service has an elastic demand, it means consumers will do a lot of judgment shopping. That is because they are not frantic to have it, they do not need it everyday living or there a lot of similar options.
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If you want to be able to withdraw $100,000 per year forever beginning 20 years from now, how much will you have to have in your
Schach [20]

Answer:

The answer is $289,640.08

Explanation:

Solution

Given that:

You want to make a withdrawal of the amount = $100,000 per year

Number of years = 20

Interest per year = 8%

Now,

Let the current balance required is X

The amount in bank due to the interest after 19 years =X(1+0.08)^19

This should be equal to the 100,000 drawn forever.

Thus,

X(1.08)20-100,000=A(1.08)19 [i.e after drawing $100,000 a year later, this same amount should remain]

Hence,

X = $289,640.08

Therefore the amount you will have to have in your retirement account in year 0 is $289,640.08

5 0
3 years ago
Frank and Bridge Books is a book reseller that has both a heavy online presence and 30 physical bookstores. Frank and Bridge Boo
NISA [10]

The Frank and Bridge Books is a book reseller that has both a heavy online presence and 30 physical bookstores. Frank and Bridge Books is an example of a click-and-mortar business. Therefore, option C is the correct option.

<h3>What is a business?</h3>

A business is an economic activity that includes the purchasing and selling of manufactured products and services which take place in exchange for currency.

There are many businesses in the world with different purposes and reasons. The owners of the businesses decide upon the vision and work in order to achieve that vision.

Since then, Frank and Bridge Books is a book distributor with 30 physical bookstores in addition to a sizable online presence. A good example of a click-and-mortar company is Frank and Bridge Books. As a result, choice C is the best one.

Learn more about business here:

brainly.com/question/8119526

#SPJ1

7 0
2 years ago
Change happens within people, but it also happens in how businesses are organized to address their hrmt440
Ivenika [448]
Ummm qa buisness you choose
4 0
3 years ago
Fitness Bands Corporation gathered the following information for Job​ #928: Standard Total Cost Actual Total Cost Direct materia
Eduardwww [97]

Question:                                      

                                                            standard total cost        Actual total cost

Direct material

Standard  2000 pints  $3.50/pint                   $7,000

Actual      2,500 pints   $5.00/pint                                                       $12,000

Answer:

Materials quantity​ variance= $1,750 unfavorable

Explanation:

<em>Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.  </em>

<em>It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price  </em>

                                                                                               pints

Standard quantity allowed                                                  2,000

Actual quantity used                                                           <u> 2,500</u>

Quantity variance                                                                 500 unfavorable

Standard price                                                                     <u> $3.50 </u>

Materials quantity​ variance                                               <u>1,750  </u>unfavorable

Materials quantity​ variance= $1,750 unfavorable

8 0
3 years ago
1. When distribution team members use replenishment reports to retrieve quantities of items to be sent to stores they are:
Gemiola [76]

Answer:

D. Picking.................

8 0
2 years ago
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