Business, 28.12.2019 04:31 willcoop6470

Harold is the new manager of jan’s pizza parlor. he has been told that the price elasticity of demand for his product is 1.10. which of the following statements are correct?

a. the demand for his pizza is elastic.
b. if harold raises the price of pizza, the total revenue for the operation will increase a decrease in the pizza price will increase the total revenue of the business.
c..a $1.00 increase in quantity will cause an increase in sales of 110 pizzas.
d. a 10% increase in price of pizzas will cause an 11% decrease in quantity of pizzas demanded.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 17:10

Which statement describes a monopoly? many firms produce identical products with no control over the market price. many firms produce differentiated products with control over market price. a single firm produces a product with no close substitutes and control over the market price. a single firm produces a product with many close substitutes and limited control over the market price.

Answers: 1

Answer

Business, 21.06.2019 18:30

2. high-glow currently produces 1,000 bicycles per month. the following per unit data apply for sales to regular customers: direct materials $50 direct manufacturing labor 5 variable manufacturing overhead 14 fixed manufacturing overhead 10 total manufacturing costs $79 the plant is experiencing demand shortage and is considering reducing production to 800 bicycles. what is the per unit cost of producing 800 bicycles? a) $79 per unit b) $81.50 per unit c) $74 per unit d) $69 per unit

Answers: 2

Answer

Business, 21.06.2019 20:30

Partnerships are the most common type of business firms in the world. t/f

Answers: 3

Answer

Business, 22.06.2019 19:40

The common stock of ncp paid $1.35 in dividends last year. dividends are expected to grow at an annual rate of 5.30 percent for an indefinite number of years. a. if ncp's current market price is $22.57 per share, what is the stock's expected rate of return? b. if your required rate of return is 7.3 percent, what is the value of the stock for you? c. should you make the investment? a. if ncp's current market price is $22.57 per share, the stock's expected rate of return is

Answers: 3

Answer

You know the right answer?

Harold is the new manager of jan’s pizza parlor. he has been told that the price elasticity of deman...

Questions