subject
Business, 03.03.2020 20:01 mads000

Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of $2.75 each, he sells 250. At a price of $2.25 each, he sells 300. A. What is the elasticity of demand?
B. Is demand elastic or inelastic over this price range?
C. If demand had the same elasticity for a price decline from $2.25 to $1.75 as it does for the decline from $2.75 to $2.25, would cutting the price from $2.25 to $1.75 increase or decrease Danny's total revenue?

ansver
Answers: 2

Another question on Business

question
Business, 23.06.2019 00:20
Barney corporation recognized a $100 million preferred stock balance on 12/31/2019. on january 1, 2020, barney issued $10 million in preferred dividends. on the same date, barney raised an additional $20 million via a new issuance of preferred stock. on december 31, 2020, the market value of the original amount of preferred shares rose $5 million. under us gaap, the 12/31/2020 year ending preferred stock balance is:
Answers: 3
question
Business, 23.06.2019 01:30
What is a market? a. a system that allows people or companies to buy and sell products and services b. the number of companies willing to manufacture a specific product c. the ability to buy production materials in large quantities and save on costs d. a product's ability to satisfy a consumer
Answers: 2
question
Business, 23.06.2019 10:00
Can you with personal finance homework1 abbreviation of annual percentage rate which the interest rate is applied annually to a loan or a credit card balance2 abbreviation of annual percentage yield the rate of return earn in the course of one whole year taking compounding into amount expressed as a percentage3 cash and other liquid assets such as demand deposits or treasury bills than individual possesses4 an expense that does not vary from one time period to the next5 to obtain a new loan for something on different terms often involving the pain off of an existing high-interest loan by means of a new lower interest one6 money set aside for future use7 to take money out of an account8 to plan the allocation expenditure or use of money9 the amount of money spent on food clothing and other basic necessities10 the amount of money that is anticipated to be received over a. of time either as payment for work goods or services or as profit on capital
Answers: 2
question
Business, 23.06.2019 10:30
According to the graph, how much did individuals making $20,000 to $50,000 a year pay in income taxes? according to the graph, how much revenue did the government receive from individuals earning $200,000 and above?
Answers: 1
You know the right answer?
Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is sellin...
Questions
question
Mathematics, 21.10.2020 01:01
question
Mathematics, 21.10.2020 01:01
question
Mathematics, 21.10.2020 01:01
question
History, 21.10.2020 01:01
question
Geography, 21.10.2020 01:01
question
Business, 21.10.2020 01:01
question
Mathematics, 21.10.2020 01:01
Questions on the website: 13722361