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Allisa [31]
3 years ago
10

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

Business
1 answer:
Ipatiy [6.2K]3 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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While waiting in line to make a purchase at Best Buy, Joanie sees signs reminding her to visit its website for online specials a
jolli1 [7]

Answer:

The correct answer is E

Explanation:

Educate is the word which is defined as teaching, train, provide intellectual, social instruction and moral to someone, which is usually at a university or at a school.

When the potential consumers who arrive at the stores or websites, the marketer have the opportunity for educating the customers regarding the offered advantage or benefits and the value proposition. Therefore, it is an example of educating the consumers.

4 0
3 years ago
Susan put her savings into a mutual fund that paid a nominal interest rate of 3 percent a year at the beginning of 2005. the cpi
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Answer:

-0.11% per year

Explanation:

Here, we want to calculate real interest rate.

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Inflation rate = (232-225)/225 * 100% = 3.11%

we now proceed to calculate the real interest rate

mathematically, real interest rate = Nominal interest rate - inflation rate

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This means that the real interest rate earned by sally is -0.11% per year

8 0
3 years ago
Specialization:
AysviL [449]

Answer:

Specialization can lead to an increase in overall production

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We specializes in something we are skilled at and will become better at and so we will be able to produce more of that goods and services

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Answer:

Mr. Smith’s rental expense for this insurance policy is

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year 120

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Answer:

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Explanation:

7 0
2 years ago
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