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
ivann1987 [24]
3 years ago
10

If a 7% increase in the price of cheese causes a 7% reduction in the total revenue received by cheese farmers, the demand for ch

eese is:A.Inelastic.B.Elastic.C.Unit elastic.D.Infinite
Business
1 answer:
Vanyuwa [196]3 years ago
5 0

Answer:

C.Unit elastic

Explanation:

Unit elastic demand is the term that describes a scenario where a change in price causes a proportionate change in demand. It is one of the types of elastic demand. A good or service is said to have elastic demand if a small change in price causes a considerable change in the quantity demanded.

In the unit elastic demand, if a product price changes by a certain percentage, the demand will change by an equal percentage. In this scenario, a 7 percent price increase results in a 7 percent decrease in demand.

You might be interested in
Collins, Inc. issued a nontaxable stock dividend of one share for each share owned. Melissa, a shareholder of Collins, had a tot
DiKsa [7]

Answer:

$5,000

Explanation:

Based on the information given we were told that had a total basis in her 500 shares of stock of the amount of $5,000 which means that The total basis of Melissa's 1,000 shares of stock after the dividend is $5,000 which is her total basis in her 500 shares of stock.

7 0
3 years ago
a business plan that provides information on a company, its products or services, its market, and critical risks to prospective
vladimir1956 [14]

A business plan that provides information on a company, its products or services, its market, and critical risks to prospective business or marketing partners or to prospective key employees is called an invention plan.

Invention Plan informs prospective business or marketing partners or key employees about the company, product/service, market, and critical risks.

This  business plan should briefly explain ones corporation, ones brand, the main aspects of ones market research, ones strategic plan, ones management, and ones financial plan.

Learn more on  business plan -

brainly.com/question/15826771

#SPJ4

4 0
1 year ago
In the financial projections section, the sba recommends this for the projections for the first year:______
alisha [4.7K]

In the financial projections section, the SBA recommends this for the projections for the first year quarterly or monthly projections.

<h3>Financial Projections</h3>

One of the most crucial things you can do for your business each year is to plan out and work on your company's financial projections. The process itself frequently has more significance than the outcomes, or formal projections. At a minimum, strategic planning enables you to "come up for air" from the day-to-day challenges of managing the business, assess its current state, and chart a clear way forward.

Regular planning also assists your business in adjusting to change on both an internal and external level. You are better equipped to identify issues and possibilities by routinely reevaluating your company's capabilities, markets, and competition.

To know more about "Financial Projections", visit :brainly.com/question/28007394

#SPJ4

4 0
1 year ago
The Goldfarb Company manufactures and sells toasters. Each toaster sells for $24.45 and the variable cost per unit is $16.65. Go
Tasya [4]

Answer:

$67860

Explanation:

sell price of each toaster= $24.45

variable cost per unit= $16.65

total fixed cost= $25,700

number of unit sold x= 8700

the formula for contribution margin is

= sales price- variable cost

= (s-v)x

putting values we get

= (24.45-16.65)\times8700

= $67860

Hence the contribution margin the above case will be $67860

8 0
3 years ago
A company makes $200,000 in a year and has $150,000 in production costs, leaving them with $50,000. The $200,000 represents
NeX [460]

Answer:

The $200,000 represents the revenue and the $50,000 represents the profit.

Explanation:

4 0
2 years ago
Other questions:
  • You are given the following information on Parrothead Enterprises: Debt: 9,200 6.4 percent coupon bonds outstanding, with 23 yea
    13·1 answer
  • 3. Name two different market structures. Describe how and why they each have a different competitive situation.
    7·1 answer
  • OFUNILS
    14·1 answer
  • Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. F
    11·1 answer
  • A good reason to open a checking account is that
    14·1 answer
  • An FHA-insured loan in the amount of $57,500 at a 6 ½% interest rate for 30 years was closed on March 17. The first monthly paym
    12·1 answer
  • Collins Inc. is investigating whether to develop a new product. In evaluating whether to go ahead with the project, which of the
    8·1 answer
  • Steve Conyers and Chelsy Poodle formed a partnership, dividing income as follows: Annual salary allowance to Poodle of $146,160.
    5·1 answer
  • What is the effective annual interest rate of an investment that pays 14.75% per year with a compound frequency n= 2? (Answer pe
    13·1 answer
  • the united states imports a lot of cars, despite having its own auto industry. each of the following statements are arguments so
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!