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
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.

You might be interested in
A popular football player at a college who is able to influence the buying decisions of fans would best be described as a(n) ___
elena55 [62]

A popular football player at a college who is able to influence the buying decisions of fans would best be described as a <u>opinion leader influence</u>.

Opinion leaders tends to influence the purchase decisions of consumers. Thus, such consumers will view the opinion leader as having a strong degree of knowledge in regards to the product category.

Opinion Leaders are knowledgeable in their field. As, they are respected and trusted by their followers. Their views carry weight and significance. Thus, through this they influence the buying decisions of their fans.

Hence, such opinion leader is able to influence the buying decisions of their fans.

To learn more about buying decisions here:

brainly.com/question/28059678

#SPJ4

3 0
2 years ago
For a monopolistically competitive firm, at the profit-maximizing quantity of output, a. price exceeds marginal cost. b. margina
Damm [24]

Answer:

<h2>The answer in this case would be option a. or price exceeds marginal cost.</h2>

Explanation:

  • Monopolistic competition is a particular type of market structure where multiple or many firms or companies are producing and selling differentiated or heterogeneous products or services.
  • A monopolisticially competitive firm maximizes its profit by producing the output level at which the marginal revenue or the additional or incremental revenue obtained from selling one more unit of output is equal to the marginal cost or the additional or incremental cost or expense incurred by the firm or company to produce that one more unit of the output.
  • The monopolistically competitive firm charges per unit price of the output which is equal to the demand for any particular product or service in the market and higher than both marginal revenue and marginal cost or above the point where both are equal.Hence,the price charged by the monopolistically competitive firm is higher than both marginal cost and marginal revenue of production.
3 0
3 years ago
Alexandra has two articles about social media consumption, one from 2007 and one from 2018, that she could include in her resear
rewona [7]

Answer:

The 2018 article

Explanation:

CRAAP stands for Currency, Relevance, Authority, Accuracy, and Purpose. It is a test conducted by educationists and researchers to evaluate the credibility of a source of information. The use of Craap eliminates the possibility of using untrustworthy sources for research.

The C stands for currency, which is all about the timeliness of the information. Currency check whether the information obtained is most recent. Researchers want to know where it was published or posted and whether it has been revised. Most recent information will be acceptable in Craap compared to older data as it may be deemed outdated.

3 0
3 years ago
The results of the experiment performed in the passage, and the model proposed in response, suggest that what relationship exist
LuckyWell [14K]

The surface activity of the monomers is decreased in each mutant protein, allowing release of the monomers from the interface.

Explanation:

Compression of the film is a consequence of withdrawal of protein solution from the droplet during step 2 of the pendant droplet test.

This is shown by the folds in the region around the dropping collar, which can be seen more distinctly after a more liquid retraction.

The wrinkles of the protein film analysis revealed that there has been no relaxation for 10 minutes after compression, which means that this surface layer is stable. Such findings show that BslA can self-assemble into a stable and complex superior film without the help of a protein or carbohydrate partner.

7 0
3 years ago
What is the meaning of confidence?
ad-work [718]
B Having courage to make decisions
3 0
3 years ago
Read 2 more answers
Other questions:
  • David keeps harping over any problem that he comes across at work. He goes over the details regarding the problem repeatedly.
    10·2 answers
  • Suppose the total number of minutes provided is less than the total number of minutes estimated, but the total dollar cost of th
    6·1 answer
  • How do we know our current money has value?
    13·1 answer
  • The entry to adjust the accounts for salaries accrued at the end of the accounting period is select one:
    15·2 answers
  • In the first stage of the negotiation, Alisa explicitly expressed her surprise, frustration, and dissatisfaction that executives
    14·1 answer
  • A customer calls about a subscription that he bought as a gift for a friend when the recently hired agent can't locate the infor
    7·1 answer
  • Every year businesses lose thousands of dollars from employee theft. Business owners put a lot of trust in employees to care and
    13·1 answer
  • How can you create a personal budget
    14·1 answer
  • As seen on an income statement:
    10·2 answers
  • The Midwest Division of Grainger Company has investment center average invested assets of $200,000 and investment center income
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!