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Allisa [31]
2 years ago
10

Total revenue decreases as the price of a good increases. true or false

Business
1 answer:
Ipatiy [6.2K]2 years ago
8 0

Answer: False

Explanation:

Total Revenue is the total amount that is received in return on sales of goods and services.

It is calculated as Price multiply by Quantity.

If the price of a product increases the revenue would also increase ceteris paribus( all things being equal). If the price of a product was $10 and 4 units were purchased Total revenue would be $40 and if price increases to $20 and 4 units were still purchased total revenue would be $80 assuming that we’re not taking into consideration any other factor like elasticity or type of good.

If price increases revenue increases too.

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Answer:

mentor

Explanation:

According to my research on business roles and responsibilities, I can say that based on the information provided within the question  the president realizes that you are acting as a mentor to junior employees. This is defined as a person has an expertise in a certain area, and gives advice or trains another individual (usually younger than you). This is what you seem to be doing with the younger employees that gravitate towards you for advice.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago
In reviewing the firms whose stocks comprise the Dow Jones Industrial Average, we discover: a) There is an even mix between big
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C, is the correct answer.

Explanation:

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Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost? working at a new job earning ext
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missing out on playing basketball

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Sadie and Ted must divide a stove, a hut, a chest, a nightstand, an igloo, and a trashcan. They assign points to each item as fo
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a. Ted gets the hut; Sadie gets the rest.

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Since Ted placed a much more higher priority on the hut by assigning it 35 points more than all other items, and Sadie placed a very low priority on the hut by assigning it 10 points when compared to all other items, it shows Ted is ready to let go of other items just to have the hut, and Sadie is ready to let go of the hut to have the other item. Hence, the "Ted gets the hut, Sadie gets the rest" splits is efficient.

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Assuming an upward-sloping as curve, if an economy is at full employment and consumption spending decreases while all other leve
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Assuming an upward-sloping as curve, if consumption spending falls while all other levels of expenditure stay the same in an economy that is at full employment, a GDP gap will be visible.

Retail store managers will take activities that result in greater Unemployment when undesirable inventories build up.

<h3>What is GDP?</h3>
  • Gross domestic product (GDP) is a monetary indicator of the total market worth of all the finished products that nations create over a certain time period.
  • This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.
  • Consumption, investment, government spending, exports, and imports make up the components of the GDP when it is calculated using the expenditures method.
  • Gross fixed capital formation, changes in inventories, changes in consumption expenditure (by households, NPISHs, and general government),
  • And exports of goods and services are all included in the calculation of gross domestic product (GDP), which is then subtracted from imports of goods and services.

Learn more about GDP here:

brainly.com/question/15682765

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