Total revenue from the sale

Assignment Help Business Economics
Reference no: EM13914305

If the price of 35 inch HDTVs declines by 20% and the total revenue from the sale of 35 inch HDTVs rises, what can you say about the price elasticity of demand for 35 inch HDTVs? Will this price reduction necessarily lead to an increase in profits for manufacturers of HDTVs?

Explain why.

Reference no: EM13914305

Questions Cloud

Dividends per share payable : Compute the amount of dividends per share payable to each class of stock for each independent case
What is the marginal cost of adding : A firm can hire 10 workers at a wage of $10 but has to pay a wage of $12 to ALL workers to get the 11th worker. What is the marginal cost of adding the 11th worker.
Conversion costs : Aussie Yarn Co. is a U.S. producer of woolen yarn made from wool imported from Australia. Raw wool is processed, spun, and finished before being shipped out to knitting and weaving companies. Material is added in the beginning of processing, and conv..
Work in process is relatively large : Kao Tiles, Inc., is a specialized producer of ceramic tiles. Its production process involves highly skilled workers and top-quality ceramiccrafs men. Work in Process is relatively large because each tile is in process for up to three weeks because of..
Total revenue from the sale : If the price of 35 inch HDTVs declines by 20% and the total revenue from the sale of 35 inch HDTVs rises, what can you say about the price elasticity of demand for 35 inch HDTVs? Will this price reduction necessarily lead to an increase in profits fo..
Cross price elasticity of demand : Two goods have a cross price elasticity of demand of +1.2. These goods would be described as.If the price of one good increases by 5%, the demand for the other good, holding everything else the same, would change by.
Extension of nine months : The corporate return is filed on Form 1120S. Corporations can receive an automatic extension of nine months for filing the corporate return by filing Form 7004 by the due date for the return.
Federal reserve board of governors : Complete a one page answer to the following questions. Should the Federal Reserve Board of Governors remain independent? What is the strongest argument on either side?
Avoidable fixed cost of pizzas : Dan loves pizza. His firm, Dan’s Pizza Company, makes frozen pizzas. The market price of a pizza is $15, and Dan is a price taker. His daily cost of making pizzas is C(Q) = 5Q + Q2/80, and his marginal cost is MC = 5 + Q/40.has an avoidable fixed cos..

Reviews

Write a Review

 

Business Economics Questions & Answers

  What could the federal reserve system fed do

What could the federal reserve system Fed do in 2000 in order to bring the economy back to full employment ? What did the Fed actually do? explain

  Assume that the income elasticity of demand for tickets

Assume that the income elasticity of demand for tickets is +2.5. Also assume that the average household in the community makes $20,000 per year and that about 6000 tickets are sold per year. Now let the average household income go up to about $22,000..

  Calculate the expected value of janes wealth

Jane obtains utility W1/2 from wealth W. Jane has $100, but there is a 25% chance she will require surgery which costs $64. calculate the expected value of Jane's wealth. calculate Jane's expected utility. what is Jane's certainty equivalent?

  Concept of t-bills and t-notes

Treasury funds national debt by a mix of T-bills, T-notes, and T-bonds with maturities of 10-30 years. During President Clinton's administration Treasury proposed that by issuing more T-bills

  Which balance sheet would a bank rather have initially

If a deposit outflow of $50 million occurs, which balance sheet would a bank rather have initially, the balance sheet of the following balance sheet.

  The demand curve for haircuts

The demand curve for haircuts at Terry Bernard's Hair Design is: Where Q is the number of cuts per week and P is the price of a haircut. Terry is considering raising her price above the current price of $15. Terry is unwilling to raise price if the p..

  Qluella has to pay an interest rate of 50 to borrow she

q.luella has to pay an interest rate of 50 to borrow. she only gets an interest rate of 5 if she lends. she is

  Cause the turnaround at the peak of the cattle price cycle

Explain why industry expansion in response to rising prices will put even more upward pressure on price in the cattle price cycle. What happens to finally cause the turnaround at the peak of the cattle price cycle?

  Should the antitrust authorities stop more corporate mergers

Should the antitrust authorities stop more corporate mergers  than they currently do? What are some of the pros and cons?

  Desired capital-user cost and goods market equilibrium

You own a golf course in Florida and you need to determine how many golf carts you need to buy to maximize profits. What is the user cost of capital and what is it expressed in? Now suppose the (local) government with all their financial shortfalls e..

  Market demand for woozles

The market demand for woozles is given by: There is only one available technology, and it is employed by all producers actual and potential. It implies the following average cost function:

  What factors will influence effect of social security system

Use indifference curve analysis to show how the Social Security pension system can reduce annual consumption for some workers who have a strong preference for current versus future consumption.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd