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3 years ago

The total-revenue test for elasticity:

Business

1 answer:

adoni [48]3 years ago

3 0

Answer:

Option (C) is correct.

Explanation:

The total revenue test is generally applicable to determine the demand for the product is elastic or inelastic.

This is due to the fact that there is a positive relationship between the price of the product and the quantity demanded for that product. This means that as the price of a product increases then as a result the quantity supplied of that product also increases and as the price of a product decreases then as a result the quantity supplied of that product also decreases.

There is no need to test the elasticity for supply of the products own company. Also, there is no need to test the capability or ability or willingness of its suppliers.

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Food handlers with facial hair must

mel-nik [20]

Answer:Food handlers with facial hair should also wear a beard restraint. - aprons; remove aprons when leaving prep area. Never wipe your hands on your apron. - jewelry; do not wear rings (except for a plain band), bracelets, including medical bracelets and watches.

Explanation: because hair might get on their food and they can get a complain or something else

7 0

3 years ago

Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000

iogann1982 [59]

Answer:

The correct answer is Barb will earn more interest the second year then Andy.

Explanation:

Bank interest is the money that is obtained or paid for the temporary transfer of capital. Its classification is by remunerative interest, or by default interest. And as for its operation, it is important to mention that the economic amount of interest, to be paid or collected, is given by market rules, since there is no legal limitation on them.

The interest rate will be conditioned by the market itself. For example, the interest we pay to our bank for any loan or credit operation is determined by the market interest rates taken as a reference, for example the Euribor and by the guarantees provided in our loan. A fully secured loan (mortgage for example) is much cheaper than another that has few guarantees.

3 0

4 years ago

EBI Solar uses a high-tech process to turn silicon wafers into tiny solar panels. These efficient and inexpensive panels are use

Zarrin [17]

Answer:

EBI Solar

a. Weeks of supply = 14.05 weeks

b. Inventory turnover = 20.5x

Weeks of supply = 2.5 weeks

Explanation:

a) Data and Calculations:

Inventory turnover = 3.7 x

Cost of goods sold = $2.8 million

Average inventory = $756,757 ($2,800,000/3.7)

Current value of inventory:

Raw materials = $95,000

Work-in-process 26,000

Finished goods 15,800

Total = $136,800

a. Weeks of supply = 14.05 weeks (52/3.7)

b. Inventory turnover = 20.5x ($2,800,000/$136,800)

Weeks of supply = 2.5 weeks (52/20.5)

5 0

3 years ago

Real estate brokers operate under the law of agency, which gives a broker the right to act for a principal in trying to buy or s

Arlecino [84]

Answer:

A special agent

Explanation:

An agent is a person who acts in the name of and on behalf of another, who has been given the degree of authority to do so.

A special agent is an agent that is authorized to carry out a specifically designated instance or in a specifically designated set of transactions or function. Any act out side the specific task or function authorized by the principal is not binding on the principal.

For example the major duty of a real estate broker is to find a buyer for the principal’s property.

Hence the best answer to the question is real estate brokers act in the capacity of a Special agent

7 0

3 years ago

Xerox pioneered the first portable fax machine. In 1980, the price was $12,700. Xerox used a(n) __________ pricing strategy to h

Snezhnost [94]

Answer:

C. skimming

Explanation:

Based on the information provided it is safe to say that by setting the price at $12,700 Xerox used a skimming pricing strategy. This is a pricing strategy in which the firm/company places their new product in the market with the highest price they can give it and go slowly lowering the price as time goes on. This is mostly done with brand new, one of a kind products that do not have competition, like the portable fax machine that Xerox designed.

3 0

4 years ago