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Lisa [10]
2 years ago
12

The University of Nebraska found that when it lowered the price of season tickets for football from $350.00 to $300.00, ticket s

ales increased from 43,000 to 47,000. This indicates that the demand is:
A) inelastic because total revenue increased when the price was lowered.
B) elastic because total revenue increased when the price was lowered.
C) inelastic because total revenue decreased when the price was lowered.
D) elastic because total revenue decreased when the price was lowered.
Business
1 answer:
alisha [4.7K]2 years ago
7 0

Answer:

A.

Explanation:

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Kelly decides to stop studying for a math test and spend the last 1/2 hour of study time working on her public speaking presenta
AVprozaik [17]
<h2>Answer:</h2>

Im not 100% sure, but I think the answer is: <u>A. Resources should be used efficiently</u>

<h2 /><h2>Explanation:</h2>

Kelly is studying for her math test and then she realizes that she still need to work on her public speaking project and she only has half of an hour to study, so this is an example of <u>Limited Resource</u> which in this case, <u>The Limited Resource is Time.</u>

<u>So that is how I got to the conclusion that the answer is A.</u>

<h2>Hope this helped! Good luck and have a great day!</h2>
7 0
2 years ago
Read 2 more answers
For a Marketing course: What skills from this course would you use to create a three-paragraph promotional tool that explains th
love history [14]

Answer:

After taking a Marketing Course, I should be armed with the following promotional skills:

  1. Innovation Skills: It is expected that a marketing professional should be able to think differently, energise creativity in  the business and craft maverick ways of gaining the attention of the market and transform that attention to patronage.
  2. Market Development Skills: One is also expected to gain the ability to identify and articulate latent  customer needs (even before the customers become aware of them), spot socioeconomic  trends as well as technological  developments which create opportunities for the company as well as for the customer.
  3. Pricing Technology: Pricing is an art and a science. It involves accounting, economics and psychology. Marketing deals with the economics and psychology bit of it. Armed with this information, one is able to get into the mind of the individual buyers and them to firm up their buying decision.

Cheers!

3 0
2 years ago
Chang Industries has 2,000 defective units of product that already cost $14 each to produce. A salvage company will purchase the
lidiya [134]

Answer:

A sunk cost is the correct answer to this question.

Explanation:

Sunk cost:- Sunk costs are those expenses that have been accumulated in the past and are thus in some way unrelated to judgment-making.

In the question referred to above, the company has already made $14 to produce. This cost will be inconsequential even if the company makes the units as it is or procedures them further.

As a result, $14 is a sunk expense.

Other options are incorrect because they are not related to the given scenario.

5 0
2 years ago
In dangerous professions like law enforcement and construction, women are ______.
Ksju [112]

In dangerous professions like law enforcement and construction, women are respected. Since these jobs are dangerous, many women are not often interested in working in these career fields.  Due to the smaller number of women who will work in the career fields, those who do are highly respected by their peers.

7 0
1 year ago
Exotech has an inventory turn ratio of 60 with $50 million in annual sales, and an average inventory of $250,000. What is Exotec
Goryan [66]

Answer:

$15 million

Explanation:

Data provided in the question:

Inventory turn ratio = 60

Annual sales = $50 million

Average inventory = $250,000

Now,

we know,

Inventory turn ratio  = ( Cost of goods sold ) ÷ ( Average inventory )

thus,

60 = ( Cost of goods sold ) ÷ $250,000

or

Cost of goods sold = 60 × $250,000

or

Cost of goods sold = $15,000,000 or $15 million

8 0
1 year ago
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