If demand for a good is extremely elastic, raising the price of that good typically has what effect on total revenue--- decreases
If demand is elastic at a given price level, then should a company cut its price, the percentage drop in price will result in an even larger percentage increase in the quantity sold—thus raising total revenue. However, if demand is inelastic at the original quantity level, then should the company raise its prices, the percentage increase in price will result in a smaller percentage decrease in the quantity sold—and total revenue will rise.
Demand elasticity :
Demand elasticity is the change in quantity demanded per change in a demand determinant. Although there are several demand determinants, such as consumer preferences, the main determinant with which demand elasticity is measured is the change in price. Businesses are particularly interested in price elasticity, since it measures by how much total revenue changes with the price.
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This is an example of the ability to write for: Internal and External Publics.
<u>Explanation:</u>
Public relations (PR) presents an important guide for a company and its commodities to assist make assured the organization has the most powerful quality of interactions and concrete public perception. Internal public relations is the conversation that demands the situation within an organization.
Internal PR plays a vital role in the company's achievement. External publics are bodies and organizations that are customers doing business with a firm or company or organization. External Publics focuses on matters concerning the values, strategies, ideas, and perspectives of the company towards different groups of personalities in society.
The probability that a randomly selected data from a normally
distributed dataset with mean of μ, and standard deviation of σ, is less than a value x is given by:
Given that a<span>
security with normally distributed returns has an annual expected
return of 18% and a standard deviation of 23%.
The probability of getting a
return of -28% or lower in any one year is given by:
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Joachim is a financial analyst at a local housewares manufacturer. he knows that saving for college for his 5-year-old twin boys is important but also challenging. he was excited to learn that his employer planned to implement a college tuition plan that lets parents and other family members defer taxes on their contributions to the plan. The type of plan being implemented is a 529 savings plan.
The manufacturing characteristic is on the whole accountable for enforcing and operating the production device to be able to produce the product. production might also consist of buying, distribution, and setting up as well as the physical manufacture of the thing.
Production is subject to the united states as it presents high-wage jobs, industrial innovation (the country's biggest supply), a key to change deficit discount, and disproportionately massive contribution to environmental sustainability.
There are four simple manufacturing procedures for producing favored. form of a product. these are casting, machining, becoming a member of (welding, mechanical fasteners, epoxy, and so forth.), and deformation strategies.
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Answer:
44
Explanation:
Opening units 710
Started 8200
8910
Transffered -7650
Closing 1260
Cost Table
Cost opening current total complete WIP Equivelant cost
Head cost cost cost units units prod. units per unit
Material 8,000 138,000 146,000 7,650 1,134 8,784 16.6211
C C 7,000 324,000 331,000 7,650 882 8,532 38.7951 55.4163