Answer:
remains unchanged as price increases when demand is unit elastic.
Explanation:
Total revenue = price × quantity
Demand is elastic when a small change in price has a greater effect on the quantity demanded.
If price is increased and demand is elastic, quantity demanded would fall more than the increase in price and total revenue falls.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
If price is increased and demand is inelastic, change in quantity demanded would be less than changes in price. As a result, total revenue would increase.
Demand is unit elastic if a change in price has an equal proportional effect on quantity demanded. The elasticity of demand always sums up to one.
If price is increased and demand is unit elastic, there would be no change in total revenue.
I hope my answer helps you
Answer:
110
Explanation:
The consumer price index is an index that measures the inflation rate in a country. It tracks changes in prices for a basket of products and services in a country over time. CPI is calculated with a base year as the reference period.
The formula for calculating CPI with a base year is as below.
consumer price index=cost of the market basket in a given year x100
cost of a market basket at the base
In this case,
CPI = $ 55 x 100
$ 50
CPI = 1. 1 x 100
CPI =110
I believe the answer is: hiring workers
producing goods
distributing goods
buying materials
Capital investment would most likely be done in order to obtain and increase the amount of income, which is why most of it used would be spend to either advertising, production, and distribution. Paying taxes and repaying investors would be conducted after the income is obtained, not before.
Answer:
Check the following calculations
Explanation:
Answer [a]
Preferred stock shares issued and outstanding = $ 105,000 / $ 50 par value = 2,100 shares
Answer [b]
Common Stock shares outstanding = Total issued – Treasury stock shares
= ($40000 / $4 par) – 4000 shares
= 10000 – 4000
= 6,000 shares
Answer [c]
Cost of Treasury shares = $ 15000 / 4000 shares = $ 3.75
Answer:
Results are below.
Explanation:
<u>Giving the following information: </u>
<u></u>
Total unitary variable cost= $16.5
Total fixed costs= $116,000
<u>Now, the flexible budget for each production level:</u>
<u>16,000 units:</u>
Total variable cost= 16.5*16,000= 264,000
Total fixed cost= 116,000
Total costs= $380,000
<u>18,000 units:</u>
Total variable cost= 16.5*18,000= 297,000
Total fixed cost= 116,000
Total costs= $413,000
<u>20,000 units:</u>
Total variable cost= 16.5*20,000= 330,000
Total fixed cost= 116,000
Total costs= $446,000
