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Oxana [17]
2 years ago
10

A company doing marketing research finds that a 10 percent increase in its product's price would create a 5 percent decrease in

the quantity demanded of its product. a. Based on this information, demand for the company's product is multiple choice 1 inelastic. perfectly inelastic. unit-elastic. perfectly elastic. elastic. b. Using this same information, the company should ________ the price of its product. multiple choice 2 not change raise lower
Business
1 answer:
gizmo_the_mogwai [7]2 years ago
7 0

Answer:

a. Inelastic, b. Raise

Explanation:

a. When the price rises by 10%, the quantity demanded falls only by 5%, that is, falls by less than proportionate amount. It is proof that the demand is inelastic.

b. If the company wants to raise its revenue, it must raise its price. It will lead to less than proportionate fall in demand, leading to an increase in total revenue.

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When a certain portion of the end product must consist of domestically produced goods or that a certain portion of the final cos
Kamila [148]

Answer:

Local Content Requirements

Explanation:

Local content requirements are policies used by both developing countries and developed countries aiming at promoting the use of local inputs and fostering growth of domestic industries. It requires that a certain agreed upon percentage of intermediate goods or inputs used in the production process be gotten from local or domestic manufacturers.

Government imposes these local content requirements in order for foreign companies to be able to operate in their economy. When it is done properly, there's usually increases in the aspect of local employment with industrial and technological growth of the local manufacturers.

5 0
3 years ago
You just inherited ?$12 comma 00012,000. while you plan to squander some of it? away, how much should you deposit in an account
soldier1979 [14.2K]
44% annual interest sounds too good to be true, but we'll work with it.
Don't know exactly how much is <span>$12 comma 00012,000.
I will work with $1,000,000  (one million).  You can scale the results to the right amounts.

Future value = $1,000,000
i=0.44 
n=88
Present value=$1,000,000/(1+0.44)^88=$1.159*10^(-8), not even one cent!

However, if the interest rate is 4% for 88 years (more likely), then
Present value=F/(1.04^88)=1,000,000/1.04^88=$317,000.50.
That's the amount you need to put in today to get $1000000 in 88 years at 4% APR (compounded annually).</span>
6 0
3 years ago
Althea, black, has been a deejay for a local Christian music station for several years. The station got a new general manager an
VladimirAG [237]

Answer and explanation:

Althea is covered by the Equal Employment Opportunity Commission (<em>EEOC</em>). The EEOC is an agency of the federal government of the United States that enforces federal laws regarding discrimination of <em>race, sex, age, religion, ethnicity, national origin or impairment</em>. Althea was fired with the excuse that it is not "appropriate" for an African American deejay to play music on a white Christian music station. This is reason enough to sue the radio station for discrimination.

8 0
3 years ago
Crane Company has the following sales data: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000
umka21 [38]

Answer:

<em>Collections for September is $ 57,100</em>

Explanation:

Computation of cash receipts for September

Collections from cash sales of September                                       $   5,000

Collections from credit sales of August - 57 % of $ 50,000           $  28,500

Collections from credit sales of September 40 % of $ 59,001       <u>$  23,600 </u>  

Total collections for September                                                        $  57,100

5 0
3 years ago
Sarah smith works as a laser technician for a local dermatology center consisting of physicians operating under a partnership ag
ser-zykov [4K]

Answer:

Yes, Sarah is liable for the $5,000 bill since she ordered the supplies and signed the contract using her own name.

She is responsible for the money owed to the medical supply facility, but if this purchase practice was common and happened before, she can also demand that the former partners pay her back.

6 0
3 years ago
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