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Nitella [24]
3 years ago
5

The local bakery makes such great cinnamon rolls that consumers do not respond much at all to a change in the price. If the owne

r is only interested in increasing revenue, she should
a. lower the price of the cinnamon rolls.
b. reduce costs.
c. raise the price of the cinnamon rolls.
d. leave the price of the cinnamon rolls unchanged.
Business
1 answer:
mario62 [17]3 years ago
8 0

Answer:

c. raise the price of the cinnamon rolls.

Explanation:

1% increase in the price will have less 1% decrease in demand, when prices are inelastic supply can increase prices to increase revenue up until the point the marginal costs = marginal revenue

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Suppose timothy consumes two goods, soda and chips. the slope of his indifference curve for these two goods reflects:​
Ierofanga [76]

Answer: The rate at which he is willing to substitute one good for the other

Explanation: Indifference curve shows the combination of two goods that give the consumer the same level of satisfaction. the slope of this indifference curve shows how much the consumer is willing to substitute one good for the other in order to keep utility constant.

Slope= \frac{Change in x}{Change in y}

Slope of Indifference curve for soda and chips shows how much soda Timothy is willing to substitute to get 1 additional unit of chips.

Slope=\frac{Unit of soda foregone}{Units of chips gained}

So, the correct option is the rate at which he is willing to substitute one good for the other.

6 0
3 years ago
In risk management, what does risk evaluation involve?
Annette [7]

In risk management, risk evaluation involve Risk resolution. The evaluation process is carried out by management.

<h3 /><h3>What is Risk?</h3>

Risk is the threat of things going wrong or having a negative impact on the operations of the organization. The risk can be of many types including and not limited to audit risk, control risk, credit risk, business risk, inherent risk, financial risk and more.

Risk is evaluated by the management to minimize the effects and mitigate the risk. There are several steps that are performed to analyze the risk and many ways are there to lower the effects of risk.

Risk resolution is the management strategies to analyze the risk and the best ways to mitigate the effects. Transfer the risk, avoid the risk by changing the decision, reduce and accept.

Learn more about Risk at brainly.com/question/27247805

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4 0
2 years ago
What is a stock dividend? and im not sure how to calcuate the monthly payment.
maksim [4K]

Answer:

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3 0
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The category that is generally considered to be the best measure of a company's ability to continue as a going concern is A. cas
saul85 [17]

Answer:

D. cash flows from operating activities

Explanation:

Operating activities include the functions of a business with respect to providing its goods and services to the market. Operating activities for a company include sales, manufacturing, marketing activities and advertising. The category that is generally considered to be the best measure of a company's ability to continue as a going concern is cash flows from operating activities.

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________ for forecasting relies on the assumption that underlying relationships in the past will continue into the future, resul
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Answer: The answer is Trend extrapolation

Explanation:

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