Answer:
b. The demand for the company’s products is elastic, so total revenue declines when prices are raised.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
If prices are increased, the quantity demanded falls more than the percentage rise in price. As a result total revenue falls.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
If demand is inelastic and prices are increased, the change in quantity demanded would be less than the change in price , as a result , total revenue would rise.
I hope my answer helps you
Answer:
Self-nurturing
Explanation:
Todd and Jim quickly learned that running a sailing business required a lot more than just taking folks for boat rides in exchange for a few dollars. In order to succeed as entrepreneurs Todd and Jim had to be all of the following except: Self-nurturing.
Self-nurturing has never been identified as a quality for successful entrepreneurs although it is necessary to nurture oneself, what is required of entrepreneurs is to Self-directed
, Highly energetic
, Risk averse and Action-oriented
.
The annual premium for Zack's house would be <u>cheaper</u> through <em>AAA </em>than <em>Thompson’s Insurance. </em>
<h3>How to calculate the annual premium of two companies? </h3>
AAA company is offering $0.36 per $100 of value.
Thompson company is offering $3.63 per $1,000 of value;
Hence, <u>0.363</u> is higher than 0.36, which makes <em>AAA company </em>more beneficial for insurance.
Learn more about premium calculation here:
brainly.com/question/2644714
Answer:
14.32%
Explanation:
We have the investment sum of 100 dollars
We convert to mexican pesos
100x0.14286
= 700 MP
700 mexican pesos invested on equities gets 25% return
Redeemable amount after a year = 700 x (1+15%)
= 805
After a year money gotten back in dollars
805 x 0.142015
= 114.32 dollars
Net return = 114.32 - 100 = 14.32
Expressed in percent = 14.32%
Recruitment is the answer. Recruitment: the action of finding new people to join an organization or support a cause.