Answer: Total revenue is given by
When price of bananas increase from $0.90 to $1.10 a pound and total revenue remained unchanged, it means that the quantity of Bananas sold must have decreased.
Suppose at $0.90 we sold 10 pound bananas getting us $9 revenue.
This means that at $1.10 we have to sell 8 Banana's to get the same amount of revenue.
So, change in quantity = 
So, their is a decline of 20% in the quantity of Bananas sold.
Answer:
Instructios are listed below.
Explanation:
Giving the following information:
Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,060 tenant-days.
Wages and salaries:
Fixed= $ 2,300
Variable= $ 7.20
Estimated Wages and Salaries= 2,300 + 7.2*2,100= $17,420
The answer would be false.
Answer: Economics studies the behaviour of human beings when there is scarcity and choices have to be made.
Explanation:
Economics is a social science i.e study of human behavior in relation to the manufacturing, distribution and consumption of products. Economics focal point is the interaction and behaviour of economic agents (households, firms and governments) and how economies work.
Economics is divided into microeconomics and macroeconomics. Microeconomics deals with the small elements in the economy such as interaction of markets and prices of certain products. Macroeconomics deals with the whole economy and issues discussed include unemployment, economic growth, inflation etc.
