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3 years ago

What happens to total revenue (TR) if the price decreases on a product with demand that is price elastic

Business

1 answer:

snow_lady [41]3 years ago

4 0

Total revenue rises if the price decreases on an elastic product.

<h3>What is total revenue?</h3>

Total revenue can be referred to simply as the total moneyt that was made through the sale of goods and services.

The full amount that was gotten through the sale of a good or the services that was rendered. It rises with a price decrease on a price elastic good.

Read more on total revenue here: brainly.com/question/25623677

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4 years ago

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Makers Corp. had additions to retained earnings for the year just ended of $415,000. The firm paid out $220,000 in cash dividend

lara31 [8.8K]

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Earning per share is 2.44 dollars.

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3 years ago

Homestead Jeans Co. has an annual plant capacity of 65,000 units, and current production is 45,000 units. Monthly fixed costs ar

andrey2020 [161]

Answer:

Relevant Revenue = $576,000

Relevant Cost = $522,000

Explanation:

As per the data given in the question,

Variable cost = $29 per unit

Company received order of = 18,000 units

Cost of each product = $32

Only Relevant Revenue is the revenue from special order = Cost × units

= $32 × 18,000

= $576,000

Only Relevant Cost is the cost from special order = Variable cost × units

= $29 × 18,000

= $522,000

So,

Reject order Accept order Differential

Revenues 0 $576,000 $576,000

Cost :

Variable

manufacturing 0 $522,000 -$522,000

Income(loss) 0 $54000 $54000

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3 years ago