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skad [1K]
3 years ago
14

Suppose the price elasticity of demand for a product is 0.5. If a supplier wants to increase revenue, what change should it make

to price, if any?
Business
1 answer:
cupoosta [38]3 years ago
7 0

Answer:

The correct answer is: Increase the price in order to increase revenue.

Explanation:

To begin with, the price elasticity of demand for a product is the concept known in the economics that refers to the variation that happens in the quantity demanded of a product when the price of it changes a bit. Moreover, when the price elasticity of demand is 0.5 the product is relatively inelastic and therefore that if the price increases the quantity demanded will basically stay the same more less and that is why if the price increases the product will no suffer changes in its quantity demanded and that will cause the supplier to earn a higher total revenue.

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In an organization that has a ________, a centralized decision-making mechanism helps in the resolution of conflict between subu
Jlenok [28]

We have that the statement is as follows

In an organization that has a ____ functional structure____, a centralized decision-making <em>mechanism </em>helps in the resolution of conflict between subunits.

<h3>Centralized decision-making mechanism</h3>

Generally,Centralized selection making in a useful shape helps in stopping feasible conditions the place disputes can arise.

We see that centralized choice making mechanism does is that every purposeful branch is required to comply with choices that go with the flow down from the pinnacle administration.

Therefore, In an organization that has a ____ functional structure____, a centralized decision-making <em>mechanism </em>helps in the resolution of conflict between subunits.

For more information on Decision

brainly.com/question/13171394

5 0
2 years ago
-Sally works an hourly office job from 8 a.m. until 4:30 p.m., Monday through Friday, with an hour each day for lunch. Lunch is
Jet001 [13]

Answer: False

Explanation:

The Fair Labor Standards Act enacted into law in 1938, covers the protection of employees' rights such as minimum wage, child labor laws  and overtime conditions.

According to the Fair Labor Standards Act, an employee who works overtime is entitled to a payment of one and half times their hourly pay. However overtime counts as working for more than 40 hours in a week.

Because Sally has only worked for 37 and a half hours, she will not be entitled to any overtime pay.

6 0
4 years ago
Jonathan, a supervisor, needs to assess his subordinate's performance. He uses a method that compares one employee with another.
Valentin [98]

Answer:

In the context of types of rating errors, Jonathan commits the contrast error.

Explanation:

Contrast error is a concept which involves the rating of an employee according to any other employee. This is an error in which a person is compared with the other and not to any certain standard. In this concept, an individual sets a standard on which the others' work is evaluated. This type of error majorly occurs during interviews and while evaluating the performances for appraisals.

4 0
3 years ago
Government purchases include government spending on.
valina [46]

Government purchases include government spending on the following:

  • Infrastructure projects
  • Paying the civil service and public service employees
  • Buying office software and equipment
  • Maintaining public buildings.

<h3>What is government spending?</h3>

Government spending is classified as follows:

  • Mandatory spending
  • Discretionary spending
  • Payment of interest on debts.

Thus, government purchases include government spending for the <u>purchase of goods and services</u>.

Learn more about government spending at brainly.com/question/25125137

4 0
2 years ago
Now we have country E, an emerging country. Country E starts off with a GDP per capita of $4,000, and is experiencing a GDP per
swat32

Answer:

6 years

Explanation:

The rule of 72 would be used to determine the number of years it would take GDP per capita to double

Rule of 72 = 72 / GDP per capita growth rate

72 / 12 = 6 years

I hope my answer helps you

5 0
3 years ago
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