subject
Business, 23.06.2019 00:30 humpty21

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:20
The following information relates to carried away hot air​ balloons, inc. how much was carried​ away's manufacturing​ overhead? advertising costs $10,000 sales salary 16,800 sales revenue 610,000 ​ president's salary 51,000 office rent 52,000 manufacturing equipment depreciation 1,500 indirect materials used 6,100 indirect labor 13,600 factory repair and maintenance 570 direct materials used 31,160 direct labor 36,700 delivery vehicle depreciation 750 administrative salaries 24,600
Answers: 1
question
Business, 21.06.2019 22:00
There are many types of restaurants on almost every block in any city in america. the competition is fierce and entry into the market is easy. in which environments do restaurants compete
Answers: 1
question
Business, 22.06.2019 03:00
Match the given situations to the type of risks that a business may face while taking credit.(there's not just one answer)1. beta ltd. had taken a loan from a bankfor a period of 15 years, but its salesare gradually showing a decline.2. alpha ltd. has taken a loan for increasing its production and sales,but it has not conducted any researchbefore making this decision.3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession.4. delphi ltd. has taken a short-term loanfrom the bank, but its supply chain logistics are not in place.a. foreign exchange riskb. operational riskc. term of loan riskd. revenue projections risk
Answers: 1
question
Business, 22.06.2019 15:30
For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.
Answers: 1
You know the right answer?
One of the growers is excited by this advancement because now he can sell more crops, which he belie...
Questions
question
English, 27.06.2019 06:00
Questions on the website: 14143749