1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Masja [62]
3 years ago
7

The manager of a firm believes that she would lose sales if she raised her prices by $2.00, but the revenue lost would be more t

han offset by higher revenues from the higher price. This indicates that the manager perceives demand to be:_______.
a. inelastic.
b. elastic.
c. unit elastic.
d. insufficient information.
Business
1 answer:
julsineya [31]3 years ago
8 0

Answer:

This indicates that the manager perceives demand to be:_______.

c. unit elastic.

Explanation:

Unit elastic demand describes a demand curve which is perfectly responsive to changes in price. This implies that the quantity supplied or demanded changes according to the same percentage as the change in price.  For example, if the manager raises the price of her famous goods by $2.00, the unit elastic demand for that $2.00 increase would result in a decrease in the quantity demanded by one unit.

You might be interested in
Next year Baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. This incentive will be pro
katovenus [111]

Answer:

What Baldwin pays to its employees per hour is $29.63

Explanation:

Consider the following calculations to find the Baldwin pays to its employees.

Total raise = 5% + 0.25% = 5.25%

Present wages = $28.15

Baldwin will pay = $28.15* (1.0525) = $29.63

4 0
3 years ago
Quantitative research is most likely to be used when_________.A. the objective is to identify new ideas and thoughts for a produ
mixas84 [53]

Answer:

D. the objective is to validate relationships and test hypotheses

Explanation:

In order to test hypothesis, a branch of statistics called "inferential statistics" is needed, and statistics, as it is well known, is a branch of mathematics (of applied mathematics).

Therefore, if you want to test an hypothesis and validate a relationship, you need to run a statistical study, and that study has to be fed with quantitative data.

5 0
3 years ago
In order to stay calm in emergency situations, dispatchers and EMT's set aside their emotions during a crisis. After the crisis
crimeas [40]

Answer:

Cognitive reappraisal

Explanation:

In simple words, The term "cognitive reappraisal" relates to a flexible regulation technique that uses cognitive control and executive functioning to reinterpret inputs or events in the surrounding in order to alter their interpretation as well as psychological connotation.

Thus, from the above we can conclude that the correct answer is cognitive reappraisal.

7 0
3 years ago
Q 8.14: The financial statements of the Imagine Company report net sales of $1,000,000 and accounts receivable of $700,000 and $
sesenic [268]

Answer:

2 times

Explanation:

The computation of accounts receivable turnover is shown below:-

Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable

where,

Net credit sales is $1,000,000

And, the Average accounts receivable is

= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2

= ( $700,000 + $300,000) ÷ 2

= $500,000

Accounts receivable turnover = Net sales ÷ Average accounts receivable

= $1,000,000 ÷ $500,000

= 2 times

6 0
3 years ago
2. What are the ways of forecasting cost of sales?
solmaris [256]

Answer:

d. all of the choices​

Explanation:

Cost of Goods sold = Cost of material purchased + Conversion cost

And

Conversion cost hereby includes Direct labor cost and other production overheads directly attributable to the Goods sold.

So, The correct option is - d. all of the choices​

5 0
3 years ago
Other questions:
  • When they are first​ born, Grandma gives each of her grandchildren a ​$4 comma 000 savings bond that matures in 18 years. For ea
    10·1 answer
  • Which of the following would not be an adjustment to net income using the indirect method? An increase in accounts receivable. A
    8·1 answer
  • It is quite clear that Jean-Baptiste Colbert, Louis XIV’s chief accountant, was instrumental in bringing back the financial glor
    10·1 answer
  • Diego Company manufactures one product that is sold for $75 per unit in two geographic regions—the East and West regions. The fo
    10·1 answer
  • What is a pestle analysis for an escape room
    10·1 answer
  • Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. If the te
    14·1 answer
  • Pumpkin Inc. sold $500 in pumpkins to a customer on account on January 1. On January 11, Pumpkin collected the cash from that cu
    10·1 answer
  • If you invest $750 every six months at 8 percent compounded semi-annually, how much would you accumulate at the end of 10 years?
    6·1 answer
  • Why do people start any occupation? Write down in brief.​
    6·1 answer
  • An increase in the price of a product will reduce the quantity demanded for that product because:________
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!