Answer:
The price elasticity of product x is -2 which suggests a negative co relation between price and demand. Also it suggests that with a one percent change in price the demand will change 2 percent in the opposite direction. So if the price of x is increased by one percent its demand will fall by 2 percent, which means a net decrease of 1(2-1) percent in revenue. 40,000*0.01=400
A negative cross elasticity suggests that the two goods are complementary and increasing the price of one good will lower the demand of the other one. SO in this case a one percent increase in the price of Good x will decrease the demand of good y by 1.7 percent therefore decreasing its revenue by 0.017*80000= 1360
Total Revenue will decrease by 1760 (1360+400)
Explanation:
Answer:
Post a glossary or FAQ page.
Explanation:
In daily operations of a business, finding ways to take monotonous tasks off the workers is key to increasing productivity. Routine tasks like responding to the same questions from customers will make sales staff not to focus on the primary job of selling.
To reduce the number of customer's questions and improve productivity of sales staff the web team should post a glossary of FAQ page that customers can be referred to whenever they want to ask questions about the newly introduced marketing promotion.
Answer:
once you adopt an accounting principle or method, continue to follow it consistently in future accounting periods so that the results reported from period to period are comparable.
Explanation:
Answer:
The correct option is;
The company's Financial Books
Explanation:
In order to effectively and clearly let interested parties access pertinent information about a company, financial books are kept which show the companies economic performance and its position related to financing. Information about a company can be located in financial statements including shareholders equity, cash flow statements, income statements and balance sheets.
