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Anvisha [2.4K]
3 years ago
6

When Heavenly Cookies prices its sugar cookies at $1.00, they sell 75 cookies. They lowered the price to $0.50 and sold 200 cook

ies. Their total revenue ________ because the price elasticity of demand for sugar cookies is ________.
a. rose; inelastic
b. rose; elastic
c. stayed the same; unitary elastic
d. fell; inelastic
e. fell; elastic
Business
1 answer:
Arisa [49]3 years ago
6 0

Answer:

Option (b) is correct.

Explanation:

At selling price = $1 and No. of units sold = 75 cookies,

Total revenue = selling price × No. of units sold

                       = $1 × 75 cookies

                       = $75

At selling price = $0.50 and No. of units sold = 200 cookies,

Total revenue = selling price × No. of units sold

                       = $0.50 × 200 cookies

                       = $100

Therefore, there is a rise in the total revenue from $75 to $100 and hence, price elasticity of demand for sugar cookies is elastic.

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Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 36 cents per mil
STALIN [3.7K]

Answer:

10,185 miles

Explanation:

The computation of the break even miles is shown below:

As we know that

Break even units is

= (Fixed cost) ÷ (Selling price per unit - variable cost per unit)

= ($2,200) ÷ (36 cents per mile - 14.4 cents per mie)

= $2,200 ÷ 21.6 cents per mile

= $2,200 ÷ 0.216

= 10,185 miles

We simply applied the above formula so that the break even point in units could come and the same is to be considered

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A company pays down the account's payable account with $2000 cash. What effect does this transaction have on the asset account?
N76 [4]

Answer:

the right is answer is B.

Explanation:

The account decreases because when you take money you are making a debit action which produces this effect of decrease in the asset.

3 0
3 years ago
If the payment is not made on the credit card by the end of the grace period, which of the following will occur?
Phoenix [80]

C. Interest will be charged - Apex

3 0
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An example of economic profit motive​
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For example, a business might be willing to absorb lower profits and even losses in the present to strengthen its position and increase its market share so that it can earn higher profits in the future.
4 0
3 years ago
The four traits of constructive criticism are _______.
Dmitrij [34]

Answer:

The answer to this question is given below in the explanation section.

Explanation:

Constructive criticism is the process to offer valid and well-reasoned reponed or opinion about other works, it includes both positive and negative comments in a friendly way rather than an oppositional one.

There are four traits of constructive critisim.

So, the correct answer to this question is given below:

D: Positivity, Solution-Oriented, Specific, and private.

While other options are not correct because the four traits of constructive criticism are starting from positivity, solution-oriented, specific, and private.

8 0
3 years ago
Read 2 more answers
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