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statuscvo [17]
2 years ago
14

Which of the following statements is correct?

Business
1 answer:
artcher [175]2 years ago
3 0

Answer: It is reasonable to assume that a profit-maximizing firm will never operate in the inelastic portion of its demand curve.

Explanation:

It should be noted that a firm that profit maximizing will not operate in the inelastic portion of its demand curve because at that point, the firm isn't maximizing profit.

When there's an inelastic demand, an increase in price will bring about a less than proportionate reduction in the quantity of the goods that's demanded. In such case, if the firm operates at the inelastic portion of its demand curve, when it increases price, this will lead to a reduction in income and profit will not be maximize.

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A benefit of applying artificial intelligence to accenture work would be humans and machines.

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Why?, well because by using AI, people will have to spend more time on exceptional work: 20% of non-routine tasks that drive 80% of value creation.

8 0
3 years ago
What do economists mean by the demand for​ money? A. It is the amount of moneylong dashcurrency and checking account depositslon
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 It is the amount of moneylong dashcurrency and checking account depositslong dashthat individuals hold.

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6 0
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"For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the:
evablogger [386]

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ability of the program to generate losses for tax purposes but provide positive cash flow.

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5 0
3 years ago
If the economy is at potential output, and the Fed _____ the money supply, in the long run, the price level will likely _____.
serg [7]

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If the economy is at the potential output and the Fed increases the money supply, in the long run real GDP will likely remain the same.

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hoped this helped

4 0
2 years ago
Quinton wants you to calculate his biweekly paycheck. How much would he earn each pay period if he has an annual salary of $55,5
koban [17]
$2,134.62.

There are approximately 52 weeks in a given year, meaning that there are 52/2, or 26, biweekly pay periods. Therefore, we divide the annual salary of $55,500 by 26 biweekly pay periods to get $2,134.62 for the biweekly paycheck. 

The formula is the annual amount divided by the number of periods. Here, there are 26 periods of biweekly (once every two weeks) paychecks. 
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