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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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2 years ago
Your Competitive Intelligence team is predicting that the Baldwin Company will invest in adding capacity to their Beetle product
Yuri [45]

Answer: 13,288 units

Explanation:

I attached a table showing the production capacities since it was missing.

Since your company believes that all core products will increase capacity by the same amount, we can solve for this by,

= (1,200 + 1,450 + 1,040 + 1,050 + 100 + 1,200) * ( 1 + 0.1)

= 6,040 * 1.1

= 6,644

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Uh.. u can’t follow people on here. Lol
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