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alisha [4.7K]
3 years ago
10

A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as i

t chooses at the existing price. C) realizes an increase in total revenue which is less than product price when it sells an extra unit. D) is selling a differentiated (heterogeneous) product.
Business
1 answer:
dsp733 years ago
4 0

Answer:

A perfectly elastic demand curve means that the firm can sell as much output as it chooses at the current price.

Explanation:

The perfectly elastic demand implies that the demand curve is horizontal line parallel to the X axis. The price is fixed at a point and the firm can sell any amount of output at this point. The demand is infinite at the given price level. If the firm makes any changes in this price level, the demand will become zero.

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Olivia found herself in over $10,000 worth of credit card debt after she graduated from college. Most of her purchases on her cr
Mkey [24]

Answer:

stop using her credit card

Explanation:

Based on the information provided within the question it can be said that the first step that Olivia should take is to stop using her credit card. People have adopted a consumer culture, and that has skyrocketed since the invention of the credit card, as it makes it easy for individuals to impulse buy something even if they do not have the money for it. By switching from credit card to cash only it will allow you to not overspend and make hasty impulse buys, thus allowing you to save money and hopefully get out of credit card debt.

7 0
3 years ago
While the percentages may not hold in a particular industry, the ______ rule suggests that a small fraction of customers provide
Talja [164]

Answer:

The correct answer is 80/20.

Explanation:

The Pareto Principle was described by economist and sociologist Vilfredo Pareto, which specifies an unequal relationship between inputs and outputs. The principle states that 20% of what goes into or is invested is responsible for 80% of the results obtained. In other words, 80% of the consequences derive from 20% of the causes; This is also known as the "Pareto rule" or the "80/20 rule."

The principle does not stipulate that all situations are going to show exactly this relationship, it refers to a typical distribution. In general, the principle can be interpreted as a minority of causes deriving from most of the results.

5 0
3 years ago
Place the steps of the marketing research approach in the correct order. (Note: the first step should be the top item on your li
gregori [183]

Answer:

Choice 5 of 5. Define the problem

Choice 1 of 5. Develop a research plan

Choice 2 of 5. Collect relevant information

Choice 3 of 5. Develop findings

Choice 4 of 5. Take marketing actions

Explanation:

The steps of the marketing research approach includes

Step 1: Defining the problem

Step 2: Construction of the ideologies from which the problem is approached

Step 3: Formulation of research designs through which data and information are collected

Step 4: The collection and analysis

Step 5: Presentation of report and take marketing action

Therefore, the correct order from the given options are;

Choice 5 of 5. Define the problem

At this stage, the problem that is the basis for the research is clearly defined, including the background information, the purpose of the research,  and the information that could be useful in decision making

Choice 1 of 5. Develop a research plan

The blueprint or outline of how the research is to be conducted

Choice 2 of 5. Collect relevant information

The fieldwork in collection of data from the listed sources in the research blueprint

Choice 3 of 5. Develop findings

The findings are analyzed to derive the actionable research results

Choice 4 of 5. Take marketing actions

The implementation of the made decision

3 0
2 years ago
State as either a positive or normative statement. An op-ed piece in a newspaper urging the adoption of a particular economic po
Veronika [31]

Answer:

The correct answers are: Normative; Positive.  

Explanation:

The positive economy is based on specifying and demonstrating what is happening in the economy, responds to economic issues from reason and with an objective point by which things happen, focuses on determining everything that could affect it and the results that will be obtained by final.

No advice is given to remedy economic problems, rather, it describes the problems that affect the economy without mentioning whether the results will be positive or negative.

7 0
3 years ago
Define how employers evaluate workers’ performance. Describe some of the potential appraisal goofs that can arise during this pr
ladessa [460]

I think the appropriate answer is that employer's rating on their employees depend on the system of appraisal they are using. For instance, some would use the standard higher to lower rating of the employer and employee but others,  360 ratingsThank you for your question. Please don't hesitate to ask in Brainly your queries. 
5 0
3 years ago
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