Reference no: EM131100132
What will happen to total revenue as a result of the price increase?
1. If the price of a good or service increases and the total revenue received by the seller declines, is the demand for this good over this segment of the demand curve elastic or inelastic? Explain.
2. Suppose the price elasticity of demand for farm products is inelastic. If the federal government wants to follow a policy of increasing income for farmers, what type of programs will the government enact?
3. Suppose the price elasticity of demand for used cars is estimated to be 3. What does this mean? What will be the effect on the quantity demanded for used cars if the price rises by 10 percent?
4. Suppose a university raises its tuition from $3,000 to $3,500. As a result, student enrollment falls from 5,000 to 4,500. Calculate the price elasticity of demand. Is demand elastic, unitary elastic, or inelastic?
5. Suppose a movie theater raises the price of popcorn 10 percent, but customers do not buy any less popcorn. What does this tell you about the price elasticity of demand? What will happen to total revenue as a result of the price increase?
Differences between a inpatient care plan and discharge plan
: What do you see as the main differences between an inpatient care plan and a discharge plan? What might be included in one but not the other? Which sections of the inpatient care plan and discharge plan might contain the most relevant information..
|
Hazard analysis and critical control point method
: Hazard Analysis and Critical Control Point Method (HACCP) is used in the food manufacturing industry to identify and prevent microbial and other germs from causing harm to food. Which of the following principles involves identification of preventi..
|
Fukushima daiichi event
: Our textbook describes several ways in which the impact of the 2010 tsunami could have been minimized and how the Fukushima Daiichi event was preventable. Describe how these lessons learned can be implemented in U.S. communities and applied to fut..
|
What is the per-unit amount of the externality
: What is the per-unit amount of the externality?
|
What happen to total revenue as a result of price increase
: What will happen to total revenue as a result of the price increase? If the price of a good or service increases and the total revenue received by the seller declines, is the demand for this good over this segment of the demand curve elastic or ine..
|
Fob origination pricing
: Examine when should a shipper use FOB origination pricing and when they should use FOB destination pricing. Do a 400 word minimum paper APA format and at least 2 peer reviewed reference.
|
Compute the firm-wide contribution margin
: 1. Compute the firm-wide contribution margin associated with Component Y34 and Model SC67. Also, compute the contribution margin earned by each division.
|
Theories of motivation as well as a description
: Research and discuss the basic theories of motivation as well as a description of what they are. The requirements below must be met for your paper to be accepted and graded:
|
Various types of meeting room seating
: Outline the pros and cons of hotel bars, room service and a concierge? Are these services always cost effective? Differentiate among the various types of meeting room seating. List two events that would be conducive for each arrangement.
|