1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sveticcg [70]
3 years ago
5

Suppose a firm produces two products, X and Y. The firm earns revenues from X equal to $70,000 and revenues from Y equal to $60,

000. The own price elasticity of demand for X is -1.5 and the cross-price elasticity of demand between X and Y is -0.80. If the firm decreases the price of product X by 1%, the change in total revenues will be ______________ $
Business
1 answer:
tia_tia [17]3 years ago
3 0

Answer:830

Explanation:

simply follow the demand fomula and plug variables into desired location.

You might be interested in
As a contemporary manager, your employees will perceive that their opinions are more valued if: you provide settings where emplo
erma4kov [3.2K]

Answer:

 you provide settings where employees have the opportunity to converse with all levels of management.

Explanation:

In simple words, employees feel motivated and values when they fell involved in the decisions inside the organisation, as these decisions affects them too.

    Generally, the core decisions in any organisation are taken by top managers but they too are dependent on lower level managers for the data they receive. Hence, a network should be set for employees so they can give their suggestions to  all levels of managers.

6 0
4 years ago
Item 1 The economic development approach to the natural world suggests that sustainable business and sustainable economic develo
lana66690 [7]

The economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability: FALSE

<h3>What is the economic development approach?</h3>
  • Economic development, on the other hand, is a multifaceted process that includes significant changes in social structures, public attitudes, and national institutions, as well as the acceleration of economic growth, the decrease of inequality, and the abolition of absolute poverty.

Therefore, the given statement "the economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability" is completely FALSE.

Know more about the economic development approach here:

brainly.com/question/13859230

#SPJ4

Complete question:

The economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability.

TRUE or FALSE.

3 0
2 years ago
Which TWO of the following best describe the use and characteristics of discounted cash flow methodology?
konstantin123 [22]

Answer:

The correct answer is option 1 and 4.

Explanation:

Discounted Cash Flow Methodology attempts to assign present values to an investment's expected future cash flows. It is an effective way to evaluate and compare various investment options to one another. As fixed-income securities have fixed interest payments, DCF is an effective way to compare fixed-income securities. It is also used to calculate the current market values of these securities.

The project with positive NPV is accepted or higher NPV means the project is more lucrative.

8 0
4 years ago
On July 1, 2020, Sheffield Co. pays $10,480 to Tamarisk Insurance Co. for a 2-year insurance policy. Both companies have fiscal
Gwar [14]

Answer:

Explanation:

The journal entry is shown below:  

On July 1

Prepaid Insurance A/c Dr $10,480

         To Cash A/c $10,480

(Being prepaid insurance is paid)

On December 31

Insurance expense A/c Dr $2,620

         To Prepaid Insurance $2,620

(Being prepaid insurance is adjusted)

The computation is shown below:

= $10,480 ÷ 2 years × 6 months ÷ 12 months

= $2,620

5 0
3 years ago
g The Berwin Company established a master budget volume of 35,000 units for April. Actual overhead costs incurred amounted to $9
Naya [18.7K]

The actual overhead incurred = $98,500

The overhead applied = 34000 * 1 ( $1.75 + $1.50) = 34000*1*3.25  = $110,500

The budgeted overhead = 34000*1*$1.75 + (35000*1*1.50) =  (34000*1*$1.75)+52500 = $112,000

A) The total manufacturing overhead cost variance = Overhead applied - Actual overhead = $110,500 - $98,500 = $12,000 F

3 0
4 years ago
Other questions:
  • If the amount of uncollectible account expense is overstated at year enda. net income will be overstated.b. stockholders' equity
    14·1 answer
  • If you've been a victim of identity theft, what should you do after contacting the company that reported the suspicious charge a
    12·1 answer
  • Arron, the CEO of a multinational corporation, believes that effective control in an organization comes from each employee's int
    6·1 answer
  • Roundwell Motors purchases a manufacturing plant for $15 million, pays $5 million in cash as down payment, and borrows the remai
    9·1 answer
  • Describe the shifts in the world economy over the past 30 years. What are the implications of these shifts for international bus
    11·1 answer
  • 913,256Write the digit in the ten thousands place
    14·1 answer
  • n May 1, 2009 Giltus Advertising Company received $1,500 from Julie Bee for advertising services to be completed April 30, 2010.
    9·1 answer
  • What’s the answer??
    8·2 answers
  • The Great Railway Strike of 1877 __________. Group of answer choices represented a weakness in the system that allowed railroads
    7·1 answer
  • a stock is expected to pay the dividend of $1 per share in two months and in five months. the stock price is $50, and the risk-f
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!