Assume that the demand for Starbucks coffee is elastic. Should Starbucks increase or decrease the price of their coffee in order to bring in more total revenue. Please explain your answer

Provide three reasons why an auditor presumes that there are potential risks of fraud
relating to revenue recognition in entities. Make sure that you explain your reasons
clearly.

discuss two of ethical and corporate social responsibility practices examples the Shell company did, and how they positively affected the company revenue and benefit it in term of increasing profits?

What is the welfare effect in terms of areas on the supply and demand graph; that show consumer surplus, government revenue AND loss to producers Graphically, what is the welfare effect for the U.S.?

What is the primary difference between net income and cash flow to an investor?

• A : Net income includes depreciated expenditures, whereas cash flow only accounts for current capital expenditures made by the company.

• B : Net income is profit from revenue minus expenses, whereas cash flow is the amount of revenue incoming and outgoing from the business.

• C : Net income accounts for expenses, whereas cash flow to investors also accounts for the sale of securities to debt holders and shareholders.

• D : Net income covers profits and monies made from securities, whereas the cash flow to an investor does not include profits.

Choose someone you know or someone famous and consider that person's income. (Sports players are useful for this, since their incomes are well-known, but if you can find out someone else's salary or want to make a guess at it for argument's sake, feel free. Politicians will work for this, too, but please be careful to analyze only this question and not to editorialize about politics.) How can you estimate what revenue that person creates? You don't need a number, just tell me what you would need to know. In addition, do you think this person earns above his or her marginal revenue product? If so, why?

If quantity equals 10,000 units at the lowest point on the ATC curve and MC equals MR at 12,000 units then the monopoly firm will typically choose to produce where per unit cost of production is at the minimum.

True or False

When regulating a monopoly, a problem with setting price equal to average cost is a deadweight loss exists because output is not at its socially optimal level in this market and there is no incentive for the monopolist to lower its costs.

True or False

The deadweight loss that arises from a monopoly is a consequence of the fact that the monopoly price is equal to average revenue but it is more than marginal revenue at the profit maximizing quantity.

True or False