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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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On January 2, 2019, Denny Corp. enters into five-year finance lease for machinery with annual year-end payments of $15,000. The
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Answer:

On January 2, 2019, Denny Corp. enters into five-year finance lease for machinery with annual year-end payments of $15,000. The present value of the six annual lease payments is $65,000. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On January 2, 2019, Denny Corp. enters into five-year finance lease for machinery with annual year-end payments of $15,000. The present value of the six annual lease payments is $65,000. Note: Enter debits before credits. General Journal Debit Credit Date Jan. 2 Record entry Clear entry View general journal

Explanation:

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7 0
3 years ago
Why did credit unions survive the last financial crisis better than banks?
masya89 [10]

Answer: they had more security

Explanation:

5 0
3 years ago
You are considering adding a new food product to your store for resale. You are certain that, in a month, minimum demand for the
Alenkasestr [34]

Answer:

Using EMV analysis, the number of units of the new product should be purchased for resale = Purchase 7.

The maximum EMV of profit you can make is 270.

Explanation:

We can use the following method to solve the given problem

Solution:

Using EMV analysis,

EMV (Purchase 6 for resale)= 6(40)(0.1) + 6(40)(0.4) + 6(40)(0.5)=240

EMV (Purchase 7 for resale) = [6(40)-60](0.1) +7(40)(0.4) + 7 (40)(0.5) = 270

EMV (Purchase 8 for resale) = [6(40)-2(60)] (0.1) + [7 (40) - 60] (0.4) + 8(40)(0.5)= 260

Largest EMV= 270; Choose to purchase 7 units for resale.

8 0
3 years ago
Suppose scientists provide evidence that chocolate pudding increases the bad cholesterol levels of those who eat it. we would ex
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You would see "<span>b. a decrease in the demand for chocolate pudding".</span>
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When Walmart communicates to consumers that, for any given group of often-purchased items, its prices will tend to be lower than
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Answer:

EDLP is the correct answer.

Explanation:

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