The elasticity of demand for potatoes is 0.27 (Estimated by the USDA). Explain what this number tells you about the effect of price increases of potatoes. Is the demand elastic or inelastic? Explain factors that contribute to the inelasticity of potatoes.

Carmen co. can further process product j to produce product d. product j is currently selling for $20 per pound and costs $15.75 per pound to produce. product d would sell for $38 per pound and would require an additional cost of $8.55 per pound to produce. what is the differential revenue of producing product d?

As a finance manager at allsports communication, charlie worries about the firm's borrowing requirements for the upcoming year. he knows the benefit of estimating allsports' cash disbursements and short-term investment expectations. facing these concerns, a(n) would provide charlie with valuable information by providing a good estimation of whether the firm will need to do short-term borrowing. capital budget cash budget operating budget line item budget

Increases in output and increases in the inflation rate have been linked to