Answer:
Total revenue would rise in the short run
Explanation:
A price elascitiy of 0.4 indicates that demand is inelastic.
Inelastic demand means that a small change in price has little or no effect on quantity demanded. The absolute value of inelastic demand is less than 1.
If the cost of the crude oil increases, the price of gasoline would increase too. Because demand is price inelastic , there would be little or no change in the quantity demanded of gasoline as a result total revenue would increase as a result of the rise in price.
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Answer:
the self-employment tax is $7,065
Explanation:
The computation of the self-employment tax is given below:
Given that
net profit = $50,000
Now the 92.35% of net profit is $46,175
As it is lower than $128,400
So,
= 15.3% of $46,175
= $7,065
Hence, the self-employment tax is $7,065
Answer:
C.
Explanation:
Being an editor for a local newspaper counts as an economic sense because that is the only part that takes part as a job and helps the economy.
Explanation:
It can be tempting to pay the minimum amount due on your credit card bill, but it can be really expensive in the long run. Here's what happens if you only pay the minimum on your credit card.
Answer:
Audience; to maximize the reach and success of the campaign Strategy;
Explanation:
The element of planning is being identified by this process is Audience
The reason why audience is important in the process is because it has the purposeful intention of maximizing the reach and success of the campaign Strategy.
The cosmetic company is planning to launch a range of low cost cosmetics and this will appeal to college students because of their low income level. The success of the campaign therefore depends on the number of college students they are able to reach.
