Higher Education is hereby authorized to execute and administer contracts for. construction, repair, renovation, and maintenance projects, including all. aspects of project management, design, construction, and legal and. administrative services related to and necessary for the completion of projects.
What is 'Annualized Income' Annualized income is an estimate of the amount of money that an individual or a business generates over the course of a year. Annualized income is calculated with less than one year's worth of data, so it is only an estimate of total income for the year, and annualized income figures can be helpful for creating budgets and making estimated income tax payments.
There is an inverse relationship between price and total revenue when demand is elastic. Total revenue when demand is unitary elastic. Unitary elasticity means that a given percentage change in price produces the same percentage change in quantity. Thus, at unit elasticity, total revenues will remain constant when price changes. Total revenue when demand is inelastic. There is a direct relationship between price and total revenue when demand is inelastic.