Answer:
$6,000
Explanation:
The computation of the expected profit from this investment is shown below:
= Strong profit × Strong percentage + Moderate profit × moderate percentage - recession losses × recession percentage
= $60,000 × 20% + $10,000 × 60% - $60,000 × 20%
= $12,000 + $6,000 - $12,000
= $6,000
By adding the three situations we can get the expected profit from this investment
Answer:
A. That's the point where total revenue is maximized
Explanation:
Demand Curve is a downward sloping curve representing inverse relationship between price & quantity demanded.
Elasticity of Demand is the responsiveness of quantity demanded to price change. It can be measured geometrically on a demand curve point by :
Demand curve segment below the point / Demand curve segment above the point.
This way the elasticity keeps on decreasing as we move downwards on the demand curve [Ed=∞ to Ed >1 to Ed = 1 to Ed < 1 to Ed = 0] i.e [from perfectly elastic to elastic to unitary elastic to inelastic to perfectly inelastic demand].
If Demand is Elastic [Ed >1] : There is negative relationship between price and Total Revenue. This point is on the upper segment of demand curve as per geometric method, P- TR negative relationship implies that TR can be increased by decreasing Price.
If Demand is Inelastic [Ed <1] : There is positive relationship between price &total revenue. This point is on the lower segment of demand curve as per geometric method, P-TR positive relationship implies that TR can be increased by increasing price.
So: The best Total Revenue Maximising point is on the middle of demand curve where demand is unitary elastic [Ed=1] - as any other deviation from this point would create an incentive to change price to generate higher revenue.
Answer:
Increase.
Explanation:
The quantity that exists when a market is in equilibrium. Equilibrium quantity is simultaneously equal to both the quantity demanded and quantity supplied. In a market graph, the equilibrium quantity is found at the intersection of the demand curve and the supply curve.
Answer:
Hero
Explanation:
Hero -
It refers to a person can be male as well as a female , who is admired for his or her noble and courageous activity , is referred to as a hero .
Many people makes the hero his or her ideal an tries to follow the lifestyle , character , behavior and nature , and tries to copy him .
Hence , from the given scenario of the question ,
The correct answer is hero .
The correct answer on Gradpoint is a government employee
