What determines how a change in prices will affect total revenue for a company?

a. elasticity of demand

b. the company's pricing policy

c. values of elasticity

d. the consumers' incomes

What annual percent growth rate is equivalent to a continuous percent growth rate of 15 %?

May 1: Prepaid rent for three months, $3,000 May 5: Received and paid electricity bill, $130 May 9: Received cash for meals served to customers, $1,870 May 14: Paid cash for kitchen equipment, $2,990 May 23: Served a banquet on account, $2,520 May

Selling similar merchandise at a price above the competition is done with the hope of selling greater quantities of the merchandise and attracting more customers to the store.

Q: Lisa sells 10 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $70. In addition, it took her 2 hours to make the ketchup and to do so she took time off from a job that paid her $10 per hour.

Questions like "Who is responsible for the reliability of information?" and "Who will be accountable for errors in the information?" are part of this ethical issue. a) Privacyb) Accuracyc) Authenticityd) Perfectione) Purpose

Hanes uses Michael Jordan in its commercials to introduce a new brand of T-shirts. What advertising tactic does this represent? A. demonstration B. endorsement C. incentive D. sponsorship

B) Harley's current wealth is $600, but there is a. 25 probability that he will lose $100. Harley is risk averse. He has an opportunity to buy insurance that would restore his $100 if he loses it.

Assets, liabilities, and the equity owned by the owners of an organization is all recorded in the

Roberta transfers property with a tax basis of $400 and a fair market value of $500 to a corporation in exchange for stock with a fair market value of $350 in a transaction that qualifies for deferral under section 351.

Among the challenges facing those who practice the medical model today are cure versus control, the development of new drugs and