Business, 23.08.2020 01:01 aaaranda0308
The manager of a firm believes that she would lose sales if she raised her prices by $2.00, but the revenue lost would be more than offset by higher revenues from the higher price. This indicates that the manager perceives demand to be:.
a. inelastic.
b. elastic.
c. unit elastic.
d. insufficient information.
Answers: 3
Business, 22.06.2019 04:00
Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.
Answers: 2
Business, 23.06.2019 23:00
Marge is told by a jeweler that a particular diamond priced at $10,000 in which she is interested cannot be obtained anywhere else for under $15,000. later that day, she finds a diamond of comparable quality priced at $8,000 at another jewelry store. the first jeweler is liable for:
Answers: 3
Business, 24.06.2019 02:00
You are interested in buying a laptop computer. your list of considerations include the computer's speed in processing data, its weight, screen size, and price. you consider a number of different models, and narrow your list based on speed and monitor screen size, then finally select a model to buy based on its weight and price. in this decision, weight and price are examples of:
Answers: 1
Business, 24.06.2019 06:30
Small business owners are well-advised to purchase management, communication, and productivity software products and services that with one another. duplicate eradicate indicate integrate
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The manager of a firm believes that she would lose sales if she raised her prices by $2.00, but the...
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