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3 years ago

5

You are the only seller of eggs in town, and the price-elasticity coefficient for eggs is known to be 2. If you want to increase

your sales quantity by 5 percent through a price change, what should you do to the price?

2 answers:

Westkost [7]3 years ago

6 0

You should lower the price to 12.5%

lukranit [14]3 years ago

5 0

Answer:

the seller must lower the price by 12.5%

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When a person receives an increase in wealth, what is likely to happen to consumption and saving?

Arturiano [62]

When a person receives an increase in wealth, Consumption increases and saving decreases

Both present and future consumption rises as a consumer's current income does as well. Savings increase because current spending increases but does so at a slower rate than current income growth. Again, both present and future consumption rises when the customer receives an increase in predicted future income.

Savings declines because current consumption rises while current income does not. Current and future consumption both grow when the consumer's wealth increases. Again, because current income has not increased, saving has decreased. These individual actions to adjust one's consumption and saving habits have a cumulative effect on the aggregate amount of desired consumption and saving.

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2 years ago

When agricultural machines were introduced, a number of industries benefited from them. At the same time, a number of farmers an

zalisa [80]

Answer: (B) Technological component

Explanation:

The technological component include the organizing, monitoring, evaluation and also implementing the various types of function in an organization.

The technological components basically used for representing the various types of technology in the market and it also helps in reduce the overall cost of the product operation and creating the new product market.

According to the given question, the above given scenario best illustrating the effect of the technological components in an organization by creating the various types of methods.

Therefore, Option (B) is correct answer.

5 0

3 years ago

Read 2 more answers

Morganton Company makes one product and it provided the following information to help prepare the master budget:

yanalaym [24]

Answer:

Budgeted sales for July = $60*29000=$1740000

Expected Cash Collection :30%*1740000=$522000

Explanation:

Budgeted Cash sales for July =$6*29000=$1740000

Expected cash collection for July =70%(60*9800)+30%(1740000)

411,600+522,000=933,600

Account receivable at the end of July =70%*1740000 = $1,218,000.

Units produced in July = 80% * 29000+20%*31000 =29400

5) (10% * 124800 )+90%(4*29400)=12480+105840=118,320

6) 118320*2.5=$295,800

7)(70%*152,160)+(30%*295,800)=106512+88740=$192,252

8) 70%*29580$207,060

9)10%*124800=12,480

10)29400*2*15=$882,000

11)(29400*2*7)+882000=1,293,600/29400=$43.98

12)(20%*31000*2*15)+ (20%*31000*7)= 186000+43,400=229,400

13)Cost of goods sold = 1,293,600

Gross Margin =1,740,000-1,293,000=$447,000

14)68000+(1.8*29000)=$120,200

15) (29000*60)-(1,293,600) - (1.8*29000)-68,000=$326,800

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3 years ago

Front range cabinet distributors in colorado springs, colorado, sells to its contractors with a 42% markup on cost. if the selli

Katena32 [7]

This is a simple algebra problem.

To determine price, you need to Have the cost of the product plus the markup equals the sales price.

We know the sales price and the markup, so we need to solve for the cost.

9,655= 1.42(x)

X=9,655/1.42

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3 years ago

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27. Person X pushes twice as hard against a stationary brick wall as person Y. Which one of the following statements is correct?

lbvjy [14]

Answer:B Both do positive work, but person X does twice as old as person Y

Explanation:

It means X has put in double the efforts of Y. That for every one efforts of Y, X does two and for every two he does four etc

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3 years ago