If price and total revenue are directly related demand is inelastic.

a. True

b. False

The price elasticity of demand for Stork ice cream is - 4. Suppose you're told that following a price increase, quantity demanded fell by 10 percent. What was the percentage change in price that brought about this change in quantity demanded?

This is the reed family budget. how much discretionary income does the family have each month?

What can organizations do to institutionalize organizational learning? What practices and policies would aid in knowledge acquisition and retention?

Analyze notion that 21stcentury managers prioritize personal gain ahead of stakeholders interests

Mrs. Gentry bought a dress that was 12% off. The list price was $54.50. Find the sale price.

Waterway Industries can produce 100 units of a component part with the following costs: Direct Materials $15800 Direct Labor 6900 Variable Overhead 16800 Fixed Overhead 12000 If Waterway Industries can purchase the component part externally for

Riverrun Co. provides medical care and insurance benefits to its retirees. In the current year, Riverrun agrees to pay $45,500 for medical insurance and contribute an additional $10,000 to a retirement program. 1.

Here are selected data for Wilson Company: Estimated manufacturing overhead $ 247 comma 760$247,760 Factory utilities $30,200 Estimated labor hours 35,000 Indirect labor $22,400 Actual direct labor hours 36,000 Sales commissions $53,700 Estimated

Advanced Analysis) Suppose that the linear equation for consumption in a hypothetical economy is: C = 40 + 0.8Y Also suppose that income (Y) is $400. Determine the values for the following: MPC, MPS, C (consumption), APC, S (savings), APS

In international business, a relatively high level of fixed costs can make it economical to perform a particular activity in several locations at once. True / False.