Suppose that business travelers and vacationers have the following demand for airline
tickets from Los Angeles to San Francisco:
Price
$150
$200
$250
$300
Quantity Demanded
(business travelers)
35,000
30,000
26,000
20,000
Quantity Demanded
(vacationers)
25,000
21,000
14,500
11,000
1. As the price of tickets rises from $200 to $250, what is the price elasticity for both
(a) business travelers and (b) vacationers ?
2. Why might vacationers have a different elasticity than business travelers?
3. What would be the Exact Quantity Demanded and change in Total Revenue if the
Airlines Change the Price for Business Travelers from $200 to $230?
Answers
Related Questions
HAS ANYONE TAKEN THE 2020 ALGEBRA 1 EOC IN FLORIDA THIS YEAR?? IF U HAVE PLZ TELL ME WHAT QUESTIONS THEY ASKED U
Answers
Answer:
They just ask you what you have learned in your previous math courses.
Explanation:
Explain the impact of future expectations on the current economy.
Answers
Answer:
Future expectations on the current economy are a very important factor that influences economic performance. In fact, expectations have become part of mainstream economics, and the Chicago School of Economics in particular, is famous for its contributions to the field.
Explanation:
For example, if people think that the economy in the future will be bad, they will tend to spend less money, invest less, or only invest in very safe securities like U.S. Treasury bonds, and hoard some of their cash, for future spending. Another behaviour that could be displayed is using cash to buy large quantities of goods, in order to hoard them for the future.
These kind of actions would depress economic activity, or slow down recovery, because they would not only result in less consumption, but also less investment, and investment is one of the most important factors (if not the most, according to many economists) when determining future economic growth.
which of the following is NOT a promotion strategy or activity
(a) Buying keywords on search homepages which trigger clickable text boxes when the keywords are use in a search.
(b) Gaining the exclusive right to retail a company's products in a specific area for a specific period.
(c) Viral marketing, which facilitates and encourages people to pass along a marketing message about a particular product.
(d) Public relations efforts to establish and maintain a company's image.
Answers
Answer:
A and D
Explanation:
I think the answer is A and D
Which expression is equivalent to 12(3 + m)? Group of answer choices 36 + 12m 3m + 12m 36m 36 + m
Answers
Answer:
36 + 12m
Explanation:
The first step is to solve the expression be removing the bracket
12(3+m)
36 + 12m
Hence 36+12m represents the expression
Harriet is running a company that produces shoes. She had employed 100 workers in her factory and had the output of 300 shoes per week.
With 200 employees the output was 600 shoes per week. She then Increased the number of employees to 300. She found that the output only
Increased to 700. Which operational phenomena has Harriet observed here?
A.
economies of scale
OB.
law of diminishing returns
C. law of cost-price increase
D.
depreciation principle
E.
fluctuation correction
Answers
Answer:
B
Explanation:
It demonstrates law of diminishing returns. The law of diminishing marginal returns states that adding an additional factor of production results in smaller increases in output.
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.A car salesman earns a 7% commission on the price of any car he sells. If he earns $620 on the sale of a car, then he sold the car for a price of $________. Hint: Round to the nearest cent as needed.
**HELP, WILL MARK BRAINLIEST**
Answers
Explanation: $620/.07= $8,857.14
Does holiday shopping boost the economy? And why?
Answers
Explanation:
Christmas is typically the largest economic stimulus for many nations around the world as sales increase dramatically in almost all retail areas. ... These holiday sales reflected about 19.2 percent of the retail industries total sales that year. Supply and demand is quite prevelant during the holiday season. Merchants know that shoppers will often put off shopping until time becomes an issue and demand more for goods that are shown to be “hot” or in short supply. In some cases manufacturers will create demand by under producing items.
Answer:
Yes it does.
The holiday period can be from November to January, where there are tons of consumers shopping to buy gifts. Robust shopping by the American consumer is now the primary engine powering economic performance.
Consumer spending drives a significantly large part of U.S. GDP. This makes it one of the biggest determinants of economic health.
There are academics who uphold the argument for more public holidays to boost growth - this makes sense since leisure spending is a significant part of consumption.
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When Get the Glare Out needed some information about the potential market for its product, the marketing team looked to the Internet to find industry trends and at the market for eyewear products, which uses the same technology that is used in its self-darkening windshield. The type of information the marketing team was using is referred to as
Answers
Answer:
Secondary data
Explanation:
There are two types of data sources that can be used by individuals. These are the primary and secondary data.
Primary data is a data that is formed for the first time for a particular purpose. For example information contained from running experiments in a research study.
Secondary data is one that is obtained from primary data. Data was used for another purpose before now and the new user is using the existing data for another purpose.
The marketing team is using the Internet to find industry trends and at the market for eyewear products, which uses the same technology that is used in its self-darkening windshield.
This is secondary data that existed before now and is being used by the marketers to identify trends
The
is a voice for small business.
O SBA
O SCORE
O SBDC
Answers
Answer:
SBA
Explanation:
The Eks-Plore Company exports outdoor gear for firms on the east coast of the United States. The company identifies companies in Europe and Asia that market and sell these products. Eks-Plore handles all documentation, logistics, and transportation for the products. What type of business is the Eks-Plore Company?
Answers
Answer:
exporting trading company
Explanation:
Eks-Plore doesn't actually manufacture any outdoor gear. it provides trading services to companies that manufacture them. Eks-Plore sells goods produced in the US and exports them to foreign markets, e.g. European and Asian nations. This is a type of intermediary that is also responsible for located new potential markets where to sell the goods.
2011/1/14 Paid wages 50,000
journal entry
Answers
Answer:
see below
Explanation:
Wages are business expenses. In the Double entry system, an increase in expenses is a debit entry.
When wagers are paid, cash available reduces. Cash is an asset account. A decrease in an asset account is a credit entry.
the Journal entry in the case will be
Wages A/C Dr $5000
Cash A/C Cr $5000
A loan to a company or government that pays investors a fixed rate of truth over a specific timeframe is known as:
1. 401k
2. Tax shelter account
3. Stocks
or 4. Bonds
Answers
Answer:
4. Bonds
Explanation:
Bonds are debt instruments used by corporates and governments to raise capital. Bonds are long-term sources of capital for a business and government and also an investment option to investors.
When the government or corporate issues bonds, they promise to pay the principal amount when the bond matures. Maturity ranges from 5 to 30 years. The bond issuer also commits to pay interest on regular intervals until the bonds mature. The interest to be paid is based on the coupon rate or interest rate as specified by the bond.
What nose ring? Should I use
Answers
a studddddd cause they look the best.
What does making a good decision mean?? How can I make a good decision?
Answers
Answer:
A good decision is one that is made deliberately and thoughtfully, considers and includes all relevant factors, is consistent with the individual’s philosophy and values, and can be explained clearly to significant others.
Ways to make good decision:
Set Aside Time to Reflect on Your MistakesStop Thinking About the ProblemFrame Your Problems In a Different WayIdentify the Risks You TakeTake Note of Your OverconfidenceTalk to Yourself Like a Trusted FriendLabel Your EmotionsAcknowledge Your ShortcutsConsider the OppositeEric is given a significant degree of freedom and authority while performing his job. This indicates that his company has provided him with _____, which is a factor that contributes to job enrichment.
Answers
Answer:
The correct answer is autonomy.
Explanation:
Autonomy is what enables you to be independent and make self-sufficient decisions. If your company gives you autonomy, that means they trust you enough to allow you to make important decisions which will definitely affect the rest of the company. They trust your skills and judgment if they give you so much freedom and make you autonomous.
Liz just completed a Client Needs Assessment and her client
confirmed that he will require profitability tracking, and need to
create budgets and purchase orders in his accounting solution.
Answers
Answer:
QuickBooks Online Plus
The question and multiple-choices
What is the minimum QuickBooks Online version suitable for Liz's client?
QuickBooks Self-Employed QuickBooks Online Simple Start QuickBooks Online Essentials QuickBooks Online Plus QuickBooks Online Advanced PreviousExplanation:
QuickBooks Online Plus is an advanced feature that small business requires to make better management decisions pertaining to their business. The needs of Liz's client of tracking profitability and the need to create budgets can be meet by installing QuickBooks Online Plus.
Other features of QuickBooks Online Plus include
Keep track of financial records, such as invoices and statements.Update and reconcile payments automatically.Generate accurate estimates and convert them into invoices.Estimate project profitability by taking into account cost factors such as labor and job cost expenses. Automate workflows with rule-based remindersSomeone please help will mark as brainliest
Answers
Answer:
1. B
2. D
3. C
4. A
Explanation:
Happy Holidays :)
A rise in the interest rate increases the opportunity cost of consuming today. increases the opportunity cost of consuming in the future. decreases the opportunity cost of consuming today. decreases the opportunity cost of consuming in the future.
Answers
Answer:
increases the opportunity cost of consuming today
Explanation:
Consumption today is inversely related to interest rate.
If interest rate rises, consumption falls and if interest rate falls, consumption increases.
If interest rate is higher, the amount that can be earned on savings increases and this increases the incentives to save more now and consume less today.
In which situation would a person pay a higher property tax than he or she did the year before?
A. The value of the person's home increased.
B. The number of dependents the person had increased.
C. The salary the person earned increased
D. The amount the person spent on electronics increased.
Answers
A person would pay a higher property tax than he or she did the year before when A. the value of the person's home increased.
What is property tax?Property tax is an ad valorem tax levied on real estate, such as a building or a residential home, that is owned by an individual or another legal body, such as a corporation.
It is an ad valorem tax because it is based on the assessed value of the property.
As a result, the higher the value of a property compared to the year before, the higher the property tax.
Therefore, a person would pay a higher property tax than he or she did the year before when the value of the person's home increased.
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sold goods costing $1000 on credit at 25% profit. Show it in accounting equation form
Answers
Answer:
see below
Explanation:
The accounting equation is represented as Assets = Equity + Liabilities
From this transaction,
Stocks(assets) decrease by $1000
Debtors(asset) increase by $1000
Profits(capital) increase by $250 ( 25% of $1000)
Assets = Liabilities + Capital
stocks debtors revenue/gains
- $1000 + $1000 + $250
A company purchased a new truck at a cost of $42,000 on June 1, 2019. The truck is estimated to have a useful life of 7 years. The company uses the straight-line method of depreciation. So, the annual depreciation expense is $6,000. How much depreciation expense will be recorded for the truck during the first year ended December 31? Select one: a. $6,000. B. $45,000. C. $3,500. D. $3,000.
Answers
Answer:
C. $3,500
Explanation:
The formula for a straight-line method of depreciation is provided below:
annual depreciation charge=(cost-salvage value)/useful life
cost of the new truck=$42,000
salvage value=$0
useful life=7 years
depreciation=($42,000-$0)/7=$6,000( same as given in the question)
The truck was used for 7 months in the first year ended, from June 1 2019 to December 31 2019
Depreciation for the first year=$6000*7/12=$3,500
In this text, Grady is expressing high hopes based on the South's A. capital investment and labor base. B. social system and new diversified industry. C. new diversified industry and capital investment. D. social system and labor base.
Answers
Answer: social system and new diversified industry
Explanation:
Based on the text, we can derive the information that in the past, the South was about slavery and secession but that it's dead.
The new South is about union and freedom which represents a perfect democracy, and there is a social system that is closely knitted and compact and a diversified industry. Therefore, Grady is expressing high hopes based on the social system and the new diversified industry.
which of the following is an asset
A. Account receivable
B. Account payable
C. Loan
Answers
Answer:
A. Account receivable
Jesse sold his home for $187,999. During the sale process, Jesse paid his broker a commission of 6% of the sale price, $1,500 in marketing for the home, and $5,000 in other closing costs. How much did Jesse realize from the sale of his home, rounded to the nearest dollar
Answers
This is what the broker made off commission. Now add all the other fees.
112799.94+1500+5000=$17779.94
Round this to the nearest dollar and you have $17780. This is how much it cost Jesse for the sale of his home.
I am not sure what you mean ‘how much did Jesse realize’.
Which of the following retirement accounts would traditionally be offered by an employer instead of a traditional pension plan?
- 403(b)
- Traditional IRA
- Roth IRA
- 401(k)
Answers
Answer:
Which of the following retirement accounts would traditionally be offered by an employer instead of a traditional pension plan? ... A Roth IRA is beneficial because your withdrawals are tax-free.
Explanation:
Which of the following retirement accounts would traditionally be offered by an employer instead of a traditional pension plan? ... A Roth IRA is beneficial because your withdrawals are tax-free.
Answer:
C. Roth IRA
Explanation:
Variable costs are
O the costs related to the product that have to be paid regardless of the amount you sell
the costs that change depending on a company's performance
O the costs resulting from a business owner's choice when selecting one thing over another and how it will impact the business
O none of the above
Next
HELP PLS
Answers
Answer:
the costs that change depending on a company's performance
Explanation:
Variable costs refer to the costs that fluctuate with the level of production. An increase or decrease in the output level results in variable costs moving in the same direction. If the business stops production, the variable costs will be nil.
Raw materials and packaging costs are good examples of variable costs. The more a company produces, the more materials it consumes, and the higher the costs of purchasing the materials.
Answer:
Costs that change depending on companys performance
Explanation:
EDGE 2021 Entreprenuership Test
Which kind of budget would cause the largest increase in a country's national
debt?
A. One that decreases taxes and decreases spending
B. One that increases taxes and decreases spending
C. One that decreases taxes and increases spending
D. One that increases taxes and increases spending
Answers
Answer: One that decreases taxes and increases spending
Explanation: got it wrong
The kind of budget that would cause the largest increase in a country's national debt is One that decreases taxes and increases spending. Thus the correct option is C.
What is the budget?A budget refers to making financial planning for the expenses that are going to occur and controlling the spending of an individual. The budget gives an estimate of the expenses.
A tax is a specific sum of money that is taken in by a government from its constituents and afterward used to fund projects like the construction of hospitals, roads, and transit systems, among other things.
A budget that decreases taxes and increases spending helps in lowering unemployment by raising opportunities for employment and increasing the standard of living of people.
Therefore, option C is appropriate.
Learn more about Tax, here:
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If you own a share of stock in a company and the risk associated with its business falls, you would expect a capital loss. a higher dividend. a bubble. a capital gain.
Answers
Answer:
b. higher dividend
Explanation:
If you own a share of stock in a company and the risk associated with its business falls, you would expect a higher dividend. If the an organisation is able to diverse the risk associated with it, leading to fall of the risk at scale, then the price of its stock will rise which will lead to higher dividend to the shareholders.
Shawna offers to type Philip's research paper at the price of $6 per page. Philip's paper will be 20 pages long and will cost him a total of $120. Shawna wants a deposit of $60 before she agrees to begin typing. Philip does not know if he has enough money to pay Shawna and states that he will contact her tomorrow regarding her offer. Shawna has second thoughts regarding Philip's ability to pay her for the services. Shawna calls Philip and withdraws her offer before Philip accepts it. She is able to do this because she has the right of
Answers
Answer:
Revocation
Explanation:
Based on the information given She is able to do this because she has the right of REVOCATION which means the right to cancel , terminate, withdraw or bring a contract to an end due to some reason just as the case of Shawna and Philip's in which we were told that Shawna had a second thought on wheither Philip's will have the ability to pay her for the services she is about to rendered to him by deciding to calls Philip in order to withdraw her offer before Philip accepts it.
Therefore Shawna is able to withdraw her offer because she has the right of REVOCATION
explain the relationship among job, employment and education with examples
Answers
Answer:
If you go to school it help you learn things for life when your out for the real world where you have to get you a job.
Explanation:
