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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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Are monopolies good or bad or both and why?
ivanzaharov [21]
Bad because than it gives no competition off other businesses which essentially is not good because than the monopoly will dominate and become way too powerful and totally crush the economy.
5 0
3 years ago
In a(n) _____ policy approach, a company that collects information does not use the information for any other purpose unless the
Anna71 [15]

Answer:

Opt in

Explanation:

Opt in policy approach, is the kind of approach in which the policy is sets out in order to ensure the consistent application and the understanding of the firm or company opt in approach for communication with the individuals.

In short, it is defined as the permission expressed by the company or the firm, which gathers or collect the information , does not use the information for any other motive unless the client or the customer specially chooses or opt to allow for using the information.

8 0
3 years ago
The inverse demand curve a monopoly faces isp= 130 - QThe firms cost curve isC(q) = 40 + 5Q1. What is the profit Maximizing solu
max2010maxim [7]

Answer:

62.50 units

$3,866.25

Explanation:

The price function is:

p = 130 - Q

C = 40+5Q

Profit as a function of quantity (P(Q)) is given by:

P(Q) = Q*p(Q) - C(Q)\\P(Q) = Q*(130-Q)-40-5Q\\P(Q) = -Q^2+125Q-40

The quantity for which the derivate of the profit function is zero is the profit maximizing quantity:

P(Q) = -Q^2+125Q-40\\P'(Q) =0= -2Q+125\\Q=62.50\ units

The​ profit-maximizing quantity is 62.50 units

The economic profit for this production volume is:

P(62.5) = -(62.5^2)+125*62.5-40\\P(62.5)=\$3,866.25

The firm earns a profit of $3,866.25.

6 0
3 years ago
You expect Whirlpool Corporation​ (WHR)to have earnings per share of​ $6.10 over the coming year. If Whirlpool stock is currentl
Temka [501]

Answer:

D. 14.25

Explanation:

Data provided as per the question below:-

Marginal Propensity to Save = $87.00

Earnings per share = $6.10

The computation of price earning ratio is shown below-

Price earning ratio = Marginal Propensity to Save ÷ Earnings per share

= $87.00 ÷ $6.10

= 14.25

Therefore for computing, the we simply applied the above formula.

7 0
3 years ago
Neritic zone is found in which parts of the world
Ulleksa [173]
Hello there.

Question: <span>Neritic zone is found in which parts of the world

Answer: It is found in the ocean.

Hope This Helps You!
Good Luck Studying ^-^


</span>
7 0
3 years ago
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