Answer:
The correct options are C. and D. C = Invest in a good answering machine or voice mail service. D = Use your voice mail to screen calls.
Explanation:
Both options allow taking actions according to the type of call received. With the answering-machine, I can prepare beforehand an appropriate answer to look professional and call back. With the voice mail, it is possible to identify when an incoming call arrives to identify whether it is from strangers and act like a professional when answering
Answer:
The income elasticity of demand for concert tickets:<em> 15/10 = 1.5</em>
The income elasticity of demand for bus rides: <em>-2</em>
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Explanation:
The income elasticity of demand for a product can be calculated by this following formula:
<em>+) The income elasticity of demand for a product = (% change in quantity of product demanded)/ (% change in income)</em>
<em />
The change in Judy's income is:
%<em>change in income = </em>(New income - Previous income)/ Previous income *100%
= (440 - 400)/400 * 100% = 10%
<em>% change in quantity of concert tickets: 15%</em>
<em>=> </em>The income elasticity of demand for concert tickets = <em>% change in quantity of concert tickets/ </em>%<em>change in income = 15/10 = 1.5</em>
<em />
<em>% change in quantity of bus rides: -20%</em>
<em>=> </em>The income elasticity of demand for bus rides = <em>% change in quantity of concert tickets/ </em>%<em>change in income = -20/10 = -2</em>
Answer:
Average inventory will be $100000
So option (a) will be correct option
Explanation:
We have given inventory turn ratio = 6.2
Cost of good sales = $620000
We have find the the average inventory
We know that inventory turn ratio is given by
Inventory turn ratio
So
Average inventory = $100000
So option (a) will be the correct option
Answer:
b) -$700.
Explanation:
The economic profit or loss will be:
economic result = revenue - total cost
<u>Where:</u>
fixed cost + variable cost = total cost
400 + 600 = 1,000
revenue = units x selling price per unit
100 units x $3 = $300
economic result = revenue - total cost = 300 - 1,000 = -700
The company is on the optimal level, marginal revenue = marginal cost at 100 units of output.
But, it is not selling at the correct price. It should sale at a higher price.
Nations specialize according to their comparative advantage get benefited outside its PPC.
Specialization based on comparative advantage leads to more effective use of global resources. Both countries will have access to larger quantities of both goods.
Also foreign commerce stimulates the production of various commodities in different nations and leads to specializations.
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