Suppose at the current price, the price elasticity of demand for a campus film series is 1.5. If administrators cut the price, total revenue will

Answers

Answer 1

If administrators cut the price of the campus film, total revenue will increase.

What is the price elasticity of demand?

The price elasticity of demand measures the percentage change in quantity demanded as a ratio of the percentage change in price.

If the price elasticity of demand is greater the one, it means that demand is elastic. This means that when prices are reduced, revenue would increase as the quantity demanded would increase.

To learn more about price elasticity of demand, please check: https://brainly.com/question/18850846


Related Questions

(Easy) Drag each label to the correct location on the image.
Match the factors to the type of financing adopted by the business.

Answers

Answer:

First 3 going straight down go in equity financing last to go in debt financing.

Explanation:

Which of the businesses listed below is not a product-based business?
house cleaning
clothing
food
motor vehicle sales

Answers

house cleaning. it’s a service, they don’t sell products.

Which is the most accurate definition of body language?

Answers

Body Language is communicate by movement or position, particularly facial expressions, gestures and the relative positions of a speaker and listener.

Answer:

The process of communicating nonverbally through conscious or unconscious gestures and movements

For Standing Bear Company, sales revenue is $200,000, sales returns and allowances are $5,000, sales discounts are $3,000, and cost of goods sold is $120,000. Net sales is:_________
a) $192,000.
b) $195,000.
c) $ 72,000.
d) $197,000.

Answers

The net sales of the given set of data is:

$72,000

What is Net Sales?

This refers to the addition of a company's gross sales minus the expenses which includes returns, allowances, etc.

The Gross Sales:

Sales revenue: $200,000

Cost of goods sold: $120,000

Total = $200,000 - $120,000

=$80,000

Expenses:

Sales allowances and discounts: $5,000

Sales discounts: $3,000

Total= $5,000 + $3,000

= $8,000

Therefore, net sales = Gross Sales – Returns – Allowances – Discounts

$80,000- $8,000

=$72,000

Read more about net sales here:

https://brainly.com/question/2934960

CARTOONS: Checking Account Fees
Checking accounts often serve as the foundation of managing one’s finances. However, when signing up for an account, the importance of reading the fine print cannot be overemphasized. Many checking accounts come with fees and users are charged - sometimes multiple times a day - for transactions they thought were covered!

In this activity, you will pick one of the cartoons provided below and analyze how it portrays the importance of understanding the costs and fees associated with your checking account.

Part I: Choose a Cartoon
Select one of the four cartoons provided below to analyze.


Cartoon 1

Cartoon 2


























Cartoon 3





Cartoon 4

Answers

I will choose the second cartoon as the bank worker is willing to explain what the checking account is all about (Image of the cartoon attached)

The fees associated with a checking account are:

Common checking account feesMonthly service fee.Overdraft fee.ATM fee, etc.

What is a checking account?

A checking account is known to be a a type of bank account that helps people to quickly deposit and withdraw money from their account for any of their daily expenses.

The importance of the 2nd Cartoon in understanding the costs and fees associated with your checking account is that when the cashier or bank worker have explained all that there is to known about checking account, one can know if they want to open it or not.

Learn more about Checking Account  from

Louisa works in marketing. She works with several different areas of the company that employs her. Which task does Louisa have others perform?

A. Conducting meetings at a satellite office
B. Working on new marketing campaigns at home
C. Participating in teleconferences in her home office
D. Training other employees to use a computer

Answers

Answer:D

Explanation: so other employees have more experience and will be able to help around the office more

Answer:

The correct answer to your question is B. Working on new marketing campaigns at home.

Explanation:

Edge 2021:)

think about an artist who owns her own business. Match each term with the example from her business that best fits that term

Answers

Answer: Profit—> What the artist keeps

Revenue—> What the artist receives

Total Cost—> what the artist pays

Explanation:

The of users representing approximately 34 percent of the population on the diffusion of innovation curve is crucial because few new products and services can be profitable until this large group buys them. (Enter one word in each blank.)

Answers

The users who represent 34% of the population and are crucial to the profitability of new products are the Early majority.

Who are the early majority?

These are the members of the population on the diffusion of innovation curve that represent a significant 34% of the population.

They do not buy goods as early as the early birds do because they want to wait for the new product's bugs to be worked out before they buy.

They are hugely important in a product's lifecycle because very few products can make a profit unless they buy them.

Find out more on the diffusion of innovation curve at https://brainly.com/question/4563045.

In terms of their likely product life cycles, detox tea, unicorn-themed clothing, and beard oil are best categorized as being ________ products.

Answers

The given scenario is best categorized as:

Fad products

What is a Fad?

This refers to a trending thing which is usually associated with a particular group of people where they make use of similar items.

With this in mind, we can see that when using product life cycles, and detox tea, unicorn-themed products are used, then this is most likely an example of fad products.

Read more about fad products here:
https://brainly.com/question/26843820

Michelle uses an ATM to make a cash withdrawal at the mall. A week later,
she notices unauthorized charges on her bank account. She is most likely a
victim of which type of fraud?

Answers

When Mitchell notices unauthorized charges on her bank account, she is most likely a victim of credit card fraud.

What is fraud?

It should be noted that fraud simply means the wrongful or criminal deception that is intended to result in personal gain.

In this case, when Mitchell notices unauthorized charges on her bank account, she is most likely a victim of credit card fraud.

Learn more about fraud on:

https://brainly.com/question/23294592

Answer: skimming

Explanation:

The practices that organizations and their managers use for identifying, creating, acquiring, developing, dispersing, and exploiting competitively valuable knowledge is known as

Answers

When managers and organizations use the processes listed above, this is known as Knowledgeable Management.

What is Knowledgeable management?

This is a method that companies use to gain and maintain a competitive advantage that will keep them profitable.

It involves identifying, creating and acquiring valuable knowledge which is then applied to the workings of the company to achieves a positive result.

Find out more on competitive advantage at https://brainly.com/question/26162443.

As you scroll over different states, pay attention to the breakdown of percentages between prime, near prime, and subprime. What pattern(s) do you notice? What might be a cause of this distribution?

Answers

The pattern noticed between the Prime, near prime, and subprime mortgage is the discrepancies of interest rates.

What is a prime mortgage?

Prime mortgage interest rates are usually fized by banks and other mortgage lenders who may want to lend money to customers with the best credit histories.

What is a Subprime mortgage?

The subprime mortgage usually carries an interest rate higher than the rates of prime mortgages.

Read more about mortgage

brainly.com/question/1318711

once you lease a location, your rent will always remain the same? true or false?

Answers

It is a false statement that one's rent will always remain the same once you lease a location.

What is known as lease?

It is a contract that outlines the terms under which one party agrees to rent an asset that is owned by another party.

This agreement is for a limited period whereby the lessee will be paying for an agreed amount for the specified period.

However, the agreement is open to negotiation for adjustment from time to time.

Read more about lease

brainly.com/question/26052885

The best way to approach charitable giving is to A donate to the first charity that requests it. B not spend a lot of time researching it. C consider what causes are important to you. D not include it in your budget.

Answers

Answer:

C consider what causes are important to you

Explanation:

Givings creates a feeling of joy and satisfaction to both the giver and receiver.  When considering charity work, it is crucial to focus on areas you are passionate about. Choose a course that draws your attention. By doing this, your donations will not go far in helping someone else, but they will also leave feeling worthy and satisfied.

If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful?
A.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement

Answers

Answer:

The answer is D. Income statement

Explanation:

Answer:

D. income statement

Explanation:

i took the test

For the name gensol, what type of intellectual property protection would be available to pharzime?.

Answers

Answer:

Trademark protection

Explanation:

Trademark protects:

Any word, name, symbol, or device that an organization uses to identify and distinguish its goods/services from the goods/services of another organization and to indicate the source of the goods/service.

What should i name my blue dinosaur

Answers

Yeah blue dinosaur is perfect

Answer:

Blu or Bluemoon

Explanation:

Cause I like them :D

steps in a brainstorming session, it is not a good idea to
a) use the problem solving-model to determine which ideas are the best
b) write down all the solutions that are suggested
c) think of as many potential solutions as possible
d) immediately reject the most outlandish ideas as ' foolish' or ' crazy'

Answers

Answer:

D

Explanation:

immediately reject the most outlandish ideas as ' foolish' or ' crazy'

(Economics) This list describes recent events in a country. As you read the list, think about the role of the country’s central bank. The country has seen its GDP decline and unemployment rise for three consecutive quarters. People are buying fewer cars, homes, and other goods and services. One reason people are buying less is that it is more difficult and more expensive to get loans to buy large items. The country’s central bank decides to lower the interest rate on the loans it makes to the banks that people use. Banks lower their interest rates. More people take out loans. With their loans, people start buying more goods and services, especially more expensive items such as cars. Producers require more workers to make these goods and sell them. Unemployment drops, and GDP begins to rise. What action helped unemployment and GDP in this country? Justify your response.

Answers

Answer:

The central bank lowered its interest rates, which made it easier and cheaper for banks to make loans to people. once people could get loans, they could buy more. The increased demand meant more people were employed to make and sell items, and output increased.

Explanation:

Answer:

The central bank lowered its interest rates, which made it easier and cheaper for banks to make loans to people. Once people could get loans, they could buy more. The increased demand meant more people were employed to make and sell items, and output increased.

Explanation: edmentum sample answer

The wealth effect explains the _______ relationship that exists between consumer spending and overall _______. Select one: a. negative; price level b. positive; price level c. negative; asset valuation d. positive; asset valuation

Answers

The wealth effect explains the positive relationship that exists between consumer spending and overall asset valuation.

What is the wealth effect?

The wealth effect is an economic theory which postulates that consumer spending increases when consumers perceive that their is an increase in the value of their assets(wealth). Consumer spending increases even if there is no increase in income.

To learn more about the wealth effect, please check: https://brainly.com/question/25749867

I

14: Unit FOUR Quiz
4
Select the correct answer.
Atmospheric scientists study weather patterns.
A.
True
B.
False
Reset
Next

Answers

A. True atmospheric scientists DO study weather patterns

Answer:

True

Explanation:

Atmospheric Science is the umbrella term for anyone who works in studying the atmosphere of our planet. Although the subject covers meteorology (the study of the weather) that is not all it is. Atmospheric scientists may study the weather and make predictions for what it might look like in an hour, a day, a week or in the next season.

<3 Enjoy,

    Dea

If you’re thinking about a career as an applied mathematician, you should consider researching the_cluster. Within this cluster, you’ll find that most of the careers require_in order to have the knowledge and skills needed to excel in these positions.

Answers

Answer:

Mathematical literacy is the ability to analyze, reason, and communicate ideas effectively through posing, formulating, solving, and interpreting solutions to mathematical problems in a variety of situations.

The following clusters should be researched;

• Probability/Statistics

• Research/Optimization

• Discrete Mathematics

• Scientific Computing

The programs that emphasize mathematical reasoning, mathematical modeling and computation, abstraction from the particular, innovative application of mathematics, and development of new methodology.

Explanation:

Frank purchases a $100,000 life insurance policy from mutual of omaha insurance co. The insured party is frank’s wife cheryl. Frank lists cheryl’s daughter katy as the beneficiary on the policy. Two years later, cheryl dies, and katy tries to collect on the insurance policy. Mutual of omaha refuses to pay. Can katy sue mutual of omaha to enforce the contract?.

Answers

As regards to if Katy can sue Mutual of Omaha to enforce the contract, the answer is that she can sue Mutual of Omaha because she is a donee beneficiary.

Can Katy sue?

Katy is listed as a beneficiary even though she is not the one that was insured.

This means that she can still claim the life insurance payout and if Mutual of Omaha refuses to pay up, they would be in breach of contract and can therefore be sued.

Find out more on insurance law at https://brainly.com/question/4636377.

f. Medical profession is a very sensitive profession. Do you agree? Give

Answers

Answer:

Medical profession is very sensitive and intellectual where human life is at risk. A successful effort of a doctor can save a life. Due to that, a doctor is known as 2nd God. When he attempts a major and long surgery, his endurance, hard work and mental ability spotlight his character.

Answer:

I am sry if u can't understand the handwriting

Explanation:

long ans . <3

What is the name of the service that lists systems internals as the manufacturer?

Answers

To get a list of Windows Services, you need to open the System Configuration utility (run msconfig ) and go to the Services tab (you will find many services there).

You must launch the System Configuration application and select the Services tab in order to acquire a list of Windows Services.

What is a service?

Services are referred to as a type of goods that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.

Internet Protocol Configuration is referred to as IPCONFIG. The Dynamic Host Setup Protocol (DHCP) and DNS are updated by this command-line program, which also exposes all the current TCP/IP network configurations.

To locate where the issue is occurring, troubleshooters must go through a checklist of components. The main goals of troubleshooting are to determine why anything doesn't function as planned and to offer a solution to fix the problem.

Learn more about Service, here:

https://brainly.com/question/13540066

#SPJ2

An employee who works from home is participating in what activity? A. Contracting B. Telecommuting C. Job shadowing D. Outsourcing Please select the best answer from the choices provided A B C D.

Answers

Answer:

b.

Explanation:

Unlike an editor who works on a
there is no script or road map for documentary film editors.
A. blockbuster movie
B. music video
C. theater production
D. scripted film

Answers

Music video have a nice day

Answer:

The answer is D scripted film

Causes of deflation (essay answer)

Answers

It is the opposite of inflation, which is when general price levels in a country are rising. In the short-term, deflation impacts consumers positively because it increases their purchasing power, allowing them to save more money as their income increases relative to their expenses.

Average total cost is very high when a small amount of output is produced because.

Answers

Answer:

When average fixed cost is large.

Explanation:

Briefly explain the responsibilities of each of the following agencies.
a. Federal Trade Commission (FTC):
b. Consumer Product Safety Commission (CPSC):
c. Environmental Protection Agency (EPA):

Answers

A) FTC- investigates and prevents unfair methods of competition and prevents deceptive acts affecting commerce.

B) CPSC- works to reduce the risk of injuries and death from consumer products.

C) EPA- responsible for creating standards and laws promoting the health of individuals and the environment.
Other Questions
Below are the demand and supply equations for overhead projectors in a certain market. In these equations, p represents price, D represents demand, and S represents supply. S = three-fourths p minus 28 D = negative 2 p 131 What is S at the point of equilibrium, to the nearest whole number? a. 12 b. 15 c. 58 d. 67. Solve the absolute value equation.(7n+9)+11=3The solution set is Consider quadrilateral MATH with vertices (0,0), (s,O). (s,t) and (O,t). Sarah used the distance formula to prove that MT=AH. What conclusion can be made from Sarah's calculations? Three objects are kept outside for a long time on a cold day: a piece of cotton cloth, a piece of wood and a piece of metal. Which of the objects would have the lowest temperature? Meteoroid definition ? How to ask a teacher for a letter of recommendation. An apartment has two closets. Closet #1 is 4 feet long and 5 feet deep; Closet #2 is 6 feet long and 3 feet deep. Both closets are 8 feet tall. Which closet is larger? Find the value of -3p+4p+7 if p= -2 You need 2.5 pounds of potatoes. If each potato weighs 5 ounces, how many potatoes will you need? Which u. S. State is home to most of the mojave desert?. North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. Account Titles Debit Credit Cash $13,000 Accounts Receivable 7,000 Prepaid Rent 2,600 Equipment 22,000 Accumulated Depreciation $1,100 Accounts Payable 1,100 Income Tax Payable 0 Common Stock 25,800 Retained Earnings 3,100 Sales Revenue 53,000 Salaries and Wages Expense 26,000 Utilities Expense 13,500 Rent Expense 0 Depreciation Expense 0 Income Tax Expense 0 Totals $84,100 $84,100 Other data not yet recorded at December 31: a. Rent expired during the year, $1,300. b. Depreciation expense for the year, $1,100. c. Utilities used and unpaid, $10,000. d. Income tax expense, $490.Required: a. Indicate the accounting equation effects of each required adjustment. b. Prepare the adjusting journal entries required at December 31. Balik-tanaw Basahing mabuti ang bawat pahayag. Isulat ang letrang T kung tama, at M naman kung mali. 1. Bumalik ang pangatlong anak na lalaki at humingi ng paumanhin sa mga ginawa niyang kasalanan (Parabula ng Alibughang Anak) 2. Sumama ang loob ng panganay na anak sa kaniyang ama at kapatid dahil kahit kailan sa buong buhay niya ng paglilingkod ay hindi siya napaghandaan nito. (Parabula ng Alibughang Anak) 3. Ang pagsulat ng sariling akda ay kasanayan sa pakikipagtalastasan na naisatitik ang mga nakalap na impormasyon mula sa pagbasa. (Recuba, et.al 2000) 4. Ang kakayahang linggwistiko ay abilidad ng isang tao na makabuo at makaunawa nang maayos at makabuluhang pangungusap. 5. Sa pagsulat mo ng sariling akda, nararapat na ipakita ang kakayahang makalikha. Over the three quarters of a million people live in San Francisco today. Its hard to believe it was once a ____ of just two thousand people PLEASE SOMEONE HELP.ITS NOT A Read the excerpt from the Haida creation myth.Instead, he decided, his daughter would just have to giveit away to another woman. But the daughter refused. Shehad grown to love the baby, despite his irritable behavior.Read the excerpt from the Maori creation myth.Tane was driven to hide in his forests, which Tahwiridestroyed with horrible floods. Tangora was thrown intothe sea, where he was attacked by the wind andlightning. Rongo and Haumia took refuge in the earth,shielding themselves in Papa's embrace.Based on these excerpts, how do the Haida and Maoricultures view the mother-child relationship?O Both view mothers as being easily fooled by theirchildren.O Both view mothers as willing to sacrifice themselvesfor their childrenO Both view mothers as trying to reduce their children'spower over them.O Both view mothers as caring and protective over theirchildren. Refer to the Newsela article, "Doctoral Student Played a Big Part in First Black Hole Photo."Which evidence from the text best supports the inference that Bouman enjoys sharing her work with others?Select two correct answers."Once the algorithm had been built, Bouman worked with dozens of EHT scientists for two more years.""Then Bouman and a small team of fellow researchers sat down in a small room at Harvard University in Massachusetts and put their algorithm properly to the test.""Bouman encouraged people to 'help push the boundaries of science, even if it may at first seem as mysterious to you as a black hole.'""She spoke in a 2016 TED Talk...Bouman's talk was on 'How to take a picture of a black hole.'"help me! please I am failing and just came back from vacation. Don't know what to do! You want to capture the state of a Hyper-V VM because you will be installing new software and you want to be able to get back to the state of the VM before the installation if something goes wrong. What option should you look for in Hyper-V?a. Cloneb. Snapshotc. Checkpointd. Export The plow a farmer uses to plant crops is an example of which factor of production?A.capitalB.laborC.landD.servicesPlease help me. Large cheese pizzas cost $5 each and large pepperoni pizzas cost $6 each. The expression 5c+6p models the total cost of large cheese pizzas (c) and large pepperoni pizzas (p). What does each part of the expression represent in the context of the situation? Drag the correct description to each part of the expression. find the number of bounded and unbounded regions that 4 lines in general position divide a plane into. then find the number of regions for 5 through 10 lines. organize the information in a chart. (ALL THE BLANK SPOTS IN THE ATTACHMENT ARE WHAT I AM CONFUSED ON) please help I have till friday to finish!