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Sunny_sXe [5.5K]
3 years ago
5

If soybean farmers know that the demand for soybeans is inelastic, in order to increase their total revenues they should a. use

more fertilizers and weed killers to increase their yields. b. plant additional acres to increase their output. c. reduce the number of acres they plant to decrease their output. d. Both a and b are correct.
Business
1 answer:
charle [14.2K]3 years ago
5 0

Answer: Option C

                                     

Explanation: In simple words, inelastic demand refers to a situation when the demand of the buyer does not change as per the price of the commodity. Thus, the price does not increase or decrease with decrease or increase in demand.

Hence the farmers should decrease the supply as there would be no profit for them to supply a product that has an inelastic demand.

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Answer: Communication cost

Explanation:

All or most server companies do allocate some form of liscence to their clients to browse the internet and use some internet tools for space of a period time. This service could either provide internet service or more depending on the cost and the kind of package that was bought. The process of acquiring this could be known as communication cost.

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2 years ago
Imagine that you own a property that is exactly 2.2 acres large. You want to sell your property, but your realtor tells you that
BlackZzzverrR [31]

Answer:

8,000 m²

Explanation:

you must first change the size of your lot from acres to square miles = 2.2 acres / 640 acres per square miles = 0.0034375 square miles

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7 0
3 years ago
Although the lines are blurring, the "many-to-many" media transmission function is largely the domain of ___.
elena-s [515]

Answer: digital content transmitted online.

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6 0
3 years ago
Is giving a speech on job specialization for her business class. She will most likely tell the class that one of the reasons for
Eduardwww [97]

Answer:

Answer D.

Explanation:

Job specialization is needed when we want to be sure that specific job is performed by the person who have desired skills. In large organization its needed to structure teams, to assign tasks to people with right skills, to deliver work in efficient way.

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3 years ago
The indirect financial and nonfinancial payments employees receive for continuing their employment with a company are called ___
gayaneshka [121]
Benefits is the correct answer
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3 years ago
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