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Vaselesa [24]
3 years ago
14

What is the difference between elastic and inelastic demand? Give 5 points?

Business
1 answer:
denpristay [2]3 years ago
5 0

Explanation:

Elastic demand means there is a substantial change in quantity demanded when another economic factor changes )

inelastic demand means that there is only a slight (or no change) in quantity demanded of the good or service when another economic factor is changed.

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If a monopolist is able to increase the amount of product she sells from 400 to 420 units by lowering the price of that product
elixir [45]

Answer:

-$55

Explanation:

The computation of the marginal revenue is shown below:

As we know that

Total revenue = Price × Quantity

For 400 units, the total revenue is

= 400 × $50

= $20,000

And for 420, the total revenue is

= 420 × $45

= $18,900

Now the marginal revenue is

= ($18,900 - $20,000) ÷ (420 units - 400 units)

= -$55

4 0
3 years ago
Beranek Corp has $720,000 of assets (which equal total invested capital), and it uses no debt—it is financed only with common eq
lozanna [386]

Answer:

firm must borrow $288000 to achieve the target debt ratio

Explanation:

given data

assets = $720,000

debt to total capital ratio = 40%

to find out

How much must the firm borrow to achieve the target debt ratio

solution

we get here debt here by Debt to Total capital ratio that is express as

Debt to Total capital ratio = Debt ÷ (  Debt + Equity  )   ....................1

put here value we get debt

0.40 = \frac{debt}{720000}

debt = $288000

so firm must borrow $288000 to achieve the target debt ratio

7 0
3 years ago
If the objective of your life insurance program is to get the greatest death protection now for your insurance dollars, you shou
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After a series of train incidents, ns&q offered employee bonuses based on safety for the first quarter of this year. this is
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4 0
3 years ago
New brands with a small market share tend to spend proportionately more for advertising and sales promotion than those with a la
mestny [16]

Answer:

b. New brands require higher spending to reach a minimum level of exposure needed to affect purchase habits

Explanation:

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