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Svetlanka [38]
3 years ago
6

When the demand curve for a good is unit elastic, raising the price of the good by 25 percent will change the revenue of the fir

m by:
Business
1 answer:
san4es73 [151]3 years ago
4 0

Answer: 0%

Explanation:

Elasticity measures the change in demand resulting from a change in price. The law of demand holds that when prices increase, quantity demand would decrease and elasticity is meant to show the magnitude of this change.

A unit elastic good means that prices and quantity demanded change by the same amount. This means that for a unit elastic good, if the price change is a 5% increase, the quantity demanded will decrease by 5%.

In terms of revenue, if the price increases by the same amount that quantity demanded decreases, the effects will cancel out so there will be no revenue effect.

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Heims is an automobile manufacturing company. When the sales team in the company gets an order, the information reaches all asso
Olin [163]

Answer:

Enterprise resource planning system

Explanation:

The system that is used in this scenario is Enterprise resource planning system.

Enterprise resource planning is an integrated business process where all concerned departments are alerted by the software when a related activity is entered into the system.

In the scenario, When the sales team in the company gets an order, the information reaches all associated departments, implying the existence of integrated or enterprise resource planning system

3 0
3 years ago
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Can the economy grow without investment in new resources?
zepelin [54]
Your answer is false
4 0
3 years ago
Under current generally accepted accounting principles, which approach is used to determine income tax expense?a. Asset and liab
a_sh-v [17]

Answer:

The correct answer is A) Asset and liability approach

Explanation:

Under current generally accepted accounting principles, which approach is used to determine income tax expense? Asset and liability approach

The asset and liability approach is used to clarify the amount of income tax expense after the number of deferred tax assets and liabilities have been determined.

5 0
3 years ago
Robbie is a 20 year old dependent who is a full time student. Robbie has $6,800 in income from wages and $6,000 of interest inco
Andreas93 [3]

Answer:

$5,650

Explanation:

Calculation for What is the amount of Robbie's Taxable Income

Wages $6,800

Add Interest Income $6,000

= Adjusted Gross Income $12,800

($6,800+$6,000)

Less Standard Deduction ($7,150)

Taxable Income $5,650

($12,800-$7,150)

Therefore the amount of Robbie's Taxable Income is $5,650

8 0
3 years ago
You might find a free trade zone ...
gayaneshka [121]

Answer:

At an airport

Explanation:

These "free trade zones" are often called duty-free shopping, where you can buy items without paying tax because the airports are a "bubble" in between countries who would normally be the ones charging taxes.

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3 years ago
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