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OlgaM077 [116]
1 year ago
11

You are the only seller of eggs in town, and the price-elasticity coefficient for eggs is known to be 0.8. if you want to increa

se your sales quantity by 10 percent through a price change, what should you do to price?
Business
1 answer:
kirill [66]1 year ago
5 0

Answer:  To increase sale by 10%, the seller must lower the price of the good by 12.5%.

Explanation: Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price. Since, demand and price for a normal good are negatively related to each other, price elasticity is also negative. It can be calculated using,

e_{d}=\frac{Precentage change in quantity demanded}{Percentage change in price}  -0.8=\frac{10}{Percentage change in price}  Percentage change in price = -\frac{10}{0.8}  Percentage change in price = -12.5

Therefore, to increase sale by 10%, the seller must lower the price of the good by 12.5%.

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GoAir, a low-cost airline, has created a team made up of employees from production, planning, quality control, tooling, design e
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Answer:

Cross-functional

Explanation:

The cross-functional work teams are made up of members from different departments to carry out a project or to solve a problem.

7 0
2 years ago
You have a job at a real-estate agency in the small country of Dystopia, where you are paid 72,000 marks (the currency of Dystop
slamgirl [31]

Answer:

The total amount you pay in social insurance taxes on your second job is 2,914.65 couches

Explanation:

The computation of the total amount paid is shown below:

= (Total income - paid amount) × Social insurance tax rate

= ($110,100 - $72,000) × 7.65%

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All other information is not relevant. Hence, ignored it

8 0
1 year ago
The order of presentation of activities on the statement of cash flows is
Rufina [12.5K]

Answer:

Operating activities

Investing activities

Financing activities

Explanation:

In a cash flow statement, the activities of the organization are usually recognized in 3 parts namely; Operating activities, investing activities and financing activities.

The operating activities include elements such as net profit, non cash items, change in current assets and liabilities.

The investing activities include cash flows from the disposal and purchase of assets etc

The financing activities includes cash flows from the disposal and sale of shares etc.

The net cash flows from these activities is the netted off the cash balance at the beginning of the period to get the cash balance at the end of the period.

Hence the order of presentation of activities on the statement of cash flows is

Operating activities

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6 0
2 years ago
White & Checker is releasing a new power drill that requires the manufacturing of a new part.They are considering whether th
gizmo_the_mogwai [7]

Answer:

A

Explanation:

Breakeven quantity is the number of units produced and sold at which net income is zero

The product should not be released because the demand is less than breakeven quantity. If the product is released, the firm would earn losses

8 0
1 year ago
Common stock is a vehicle for selling ownership and another way to raise money for​ operations, expansion, or other business nee
ale4655 [162]

The statement, "Common stock is a vehicle for selling ownership and another way to raise money for​ operations, expansion, or other business needs" is true.

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Common stock is a distribution tool and a way to raise capital for investment, business growth or other company needs.

Common stock is a kind of  company holding, a type of safety. In many other regions of the world, the terms polling share and prevalent share are frequently were using.

The "common stock" is used mainly in the USA. These are classified as shareholdings or common shares in the United Kingdom and other Commonwealth.

It means that one common stock share constitutes percentage equity of a corporation. In certain words, this is a way to split the assets of a corporation.

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6 0
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