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Ulleksa [173]
3 years ago
12

Which of the following could be the price elasticity of demand for a good for which an increase in price would increase total re

venue?a. 0.3b. 1c. 1.8d. None of the above could be correct
Business
1 answer:
Artemon [7]3 years ago
6 0

Answer:

a. 0.3

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is inelastic if a change in price has little or no effect on quantity demanded.

If price is increased, the quantity demanded doesn't change and total revenue increases.

The coefficient of elasticity for inelastic demand is usually less than one.

Demand is elastic if a small change in price leads to a greater change in quantity demanded. The coefficient of elasticity for elastic demand is usually greater than 1. If price is increased, the quantity demanded falls and total revenue falls.

Demand in unitary elastic if a change in price has the same proportional effect on quantity demanded. The coefficient of elasticity for unitary demand is 1.

I hope my answer helps you

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he results for the variable gender show that ______. Multiple Choice gender and months of service are correlated females average
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Answer:

The correct option is:  Males average $222.78 more than females in monthly salary ,

Explanation:

The results for the variable gender show that Males average $222.78 more than females in monthly salary  because the coefficient for gender is 222.78 and male is coded as gender = 1. Therefore, male's average salary is $222.78 more than female's average salary.

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Working regular hours is a drawback of being a wage earner ..... true or false
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The country of Baurisia has, until now, been self-sufficient in both grain and meat. However, with growing prosperity in Baurisi
Rina8888 [55]

Answer:<em> Option (D) is correct </em>

Explanation:

To weaken the conclusion, the answer will emphasize on why Baurisia will not soon become an importer of grain.  

Here, in this case if importing meat is cheaper than importing grain, then Baurisia is likely to satisfy the demand for meat by becoming an importer of meat, weakening the conclusion that Baurisia will soon become an importer of grain.  

<em>Therefore , It is more economical for Baurisians to import meat than grain, if true, most seriously weakens the argument.</em>

7 0
3 years ago
A company that manufactures bicycles has a fixed cost of ​$90000. It costs ​$100 to produce each bicycle. The total cost for the
Paul [167]

Solution:

The total cost for the company is the sum of its fixed cost and variable costs.

Corporate expenditures that do not depend on the amount of goods or services provided by the company are fixed costs.

Variable costs are expenses that change when changes occur in the sum of the good or service produced by a company.

C(x) = 90000 + 100x

C(110) = 90000 + 100 ( 110 )

C(110) = 90,000 + 11, 000 = 101,000

It costs $101,000 to produce 110 bicycles.

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