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lisabon 2012 [21]
3 years ago
5

Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $30 per basketball and

$600 when the price is set at $20 per basketball. Without using the midpoint formula, identify whether demand is elastic, inelastic, or unit-elastic over this price range.
Business
2 answers:
drek231 [11]3 years ago
5 0

Answer: Demand is Unit - Elastic over this price range.

Explanation:

When total revenue remains the same over various price level then the demand curve is unitary elastic.

Unit-Elastic demand - It depicts a demand curve which is perfectly responsiveness to changes in cost. That is, the amount of demand changes as indicated by a similar percentage changes in prices.

A demand curve with an elasticity of 1 is called as unitary elasticity of demand.

aleksandrvk [35]3 years ago
5 0

Answer:

Unit elastic

Explanation:

In this example, the demand of the basketballs is unit elastic. Unit elastic is a type of demand in which a change in price causes a proportional change in the quantity demanded of a good. This means that the demand and supply are perfectly responsive to price changes by the same percentage. In this example, the change in price leads to a response in the demand and supply, which allows the producer to maintain the same profits.

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Pound Industries’ customer service department follows up on customer complaints by telephone inquiry. During a recent period, th
goldfiish [28.3K]

Answer:

$85,260.

Explanation:

The Pound industries customer service department incurs $203,000 when 7,000 calls were made. The calls allocated to wholesale operations are 2,940 calls. To identify cost per call, we divide total cost by number of calls initiated.

Cost per call = $203,000 / 7000 calls

Cost per call = $29.

Wholesales operations cost = No. of calls for wholesale operation / Cost per call.

Wholesale operations cost = 2,940 calls * $29 / call

Wholesale operation cost allocated amount = $85,260.

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3 years ago
Allen has just begun his first professional job. allen will most likely display an increase in which trait?
Andrews [41]
The answer would be conscientiousness. This is the identity characteristic of being cautious, or watchful. This infers a longing to complete an assignment well, and to consider commitments to others important. This sort of individuals have a tendency to be effective and composed rather than accommodating and tumultuous.
3 0
3 years ago
ME Company has a debt-equity ratio of .57. Return on assets is 7.9 percent, and total equity is $620,000. a. What is the equity
Lera25 [3.4K]

Answer:

8.06

Explanation

  • Debt equity ratio=Debt÷ Equity
  • Debt÷Equity=0.57
  • Equity=620,000 in this question
  • Debt=620,000*0.57=353,400.
  • Assets=Debt+Equity
  • Assets in this case=353,400+620,000=973,400
  • Return on asset=Profit for the year=7.9%*973,400=76898.6
  • Equity Multiplier=Total Equity/Profit for the year
  • Equity Multiplier=620,000/76898.6=8.06

5 0
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Likurg_2 [28]

Answer:

Knowledge worker

Explanation:

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GalinKa [24]

Answer:

To verify the accuracy of his rental history

Explanation:

Based on the scenario in the question, it is it important for Christian to check the information recorded on his credit report so as to verify the accuracy of his rental history.

He has to verify his rental history so as to know if there's a mistake or if the details written are not correct. To apply for the mortgage, he needs to ensure that the details are correct.

Explanation:

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