A Firm Derives Revenue from Two Sources: Goods X and Y.Annual

question 60

Multiple Choice

A firm derives revenue from two sources: goods X and Y.Annual revenues from good X and Y are $10,000 and $20,000, respectively.If the price elasticity of demand for good X is -2.0 and the cross-price elasticity of demand between Y and X is 1.5 then a 4 percent price increase will

• A)increase total revenues from X and Y by $800.
• B)increase total revenues from X and Y by $8,000.
• C)decrease total revenues from X and Y by $400.
• D)increase total revenues from X and Y by $400.

Understand the concept and strategic importance of HR forecasting.

Identify and describe key personnel categories in HR forecasting.

Recognize the advantages of HR forecasting for organizations.

Understand the role of mentorship in acquiring firm-specific human capital competencies.

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Definitions:

Under-Withheld

A situation where not enough taxes have been taken out of an individual's paycheck, leading to a potential tax bill.

Supplemental Payments

Extra payments received in addition to regular income, such as bonuses or overtime pay, which can affect a taxpayer's AGI.

Self-Employment Taxes

Taxes paid by self-employed individuals, covering Social Security and Medicare taxes, based on net earnings from self-employment.

Ceiling Amount

A maximum limit placed on the value, income, or other financial metric that can be used for calculations, such as determining eligibility for tax deductions or credits.