The publisher of a magazine gives his staff the following information. Current price $2.00 per issue
Current sales 150,000 copies per month
Current revenue $300,000 per month
Current total costs $450,000 per month

He tells the staff, "Our costs are currently $150,000 more than our revenues each month. I propose to eliminate this problem by raising the price of the magazine to $3.00 per issue. This will result in our revenue being exactly equal to our cost."

Which of the following statements is correct?
a. The publisher's analysis is correct only if the demand is perfectly inelastic.
b. The publisher's analysis is correct only if the demand is elastic.
c. The publisher's analysis is correct only if the demand is unit-elastic.
d. The publisher's analysis is correct only if the demand is perfectly elastic.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answer; ///after donning a gown, mask and eyewear;

answerinnovative culture;