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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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Which of the following best represents the stream of income that is available to common stockholders?
dmitriy555 [2]
Greeting's!

<span>c. earnings before interest and taxes .
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7 0
2 years ago
When gathering marketing intelligence, companies often use the U.S. census, which provides an in-depth look at the population sw
Tanzania [10]

Answer:

"B"

Explanation:

Market intelligence are sets of tool that can provide information about customers , competitors and other market related factors in order to increase market shares , reduce cost and improve profit

A lot of information are required and can be time consuming and costly .

To this effect  an organization always look out for the best possible ways of achieving this in a cost effective way.

We have experts who are specialists in this and an organization can also make use of available data that are related to their marketing objectives.

7 0
2 years ago
Burrito King (a new fast-food franchise opening up nationwide) has successfully automated burrito production for its drive-up fa
bezimeni [28]

Answer:

(A)0.6600 (B) 1.325 (C) 0.997 or 1 minute

Explanation:

Solution

Given that:

The constant rate = 30 seconds

The arrival rate according to Poisson distribution is = 45 seconds

Now,

(A) We solve for the average length line of cars

The formula is given below:

Lq = λ²/ 2μ ( μ -λ)

Here,

λ = this is the mean time of arrival rate

μ = This is the mean service rate

Thus we compute for the mean time arrival rate which is given below:

The mean arrival rate λ = arrival rate/ 60 seconds

= 60/45

= 1.33 customer per minute

Then we solve for the means service rate which is given below

The mean service rate μ = 60 seconds/ mean rate

= 60/30 = 2 customer per minute

We will now solve for the average line length in cars which is shown below:

Lq = λ²/ 2μ ( μ -λ)

Lq = 1.33²/2*2 (2-1.33)

Lq = 1.7689/4 (0.67)

Lq = 1.7689/2.68

Lq = 0.6600

Therefore the average length in line for cars is 0.6600 cars

(B) We solve for the average number of cars in the system

Ls =Lq + λ /μ

Ls =0.600 + 1.33/2

Ls =0.6600 + 0.665

Ls = 1.325

(C) Finally we need to find the expected average time in the system which is shown below:

Ws = Ls/λ

Ws= 1.325/1.33 = 0.997 or 1.00

The expected time average  in the system is 0.997 or 1.00 minutes.

3 0
2 years ago
Emma's Electronics Incorporated has total assets of $56 and total debt of $43 million. The company also has operating profits of
podryga [215]

Answer:

a. Debt Ratio = Debt / Total Assets

Debt Ratio = $43 million / $56 million

Debt Ratio = 0.76786

Debt Ratio = 76.79%

b. Time Interest Earned = EBIT / Interest

Time Interest Earned = $27 million / $8 million

Time Interest Earned = 3.375 times

c.  If Interest expense is increased to 10 lmillion. The new Time Interest Earned = $27 million / $10 million = 2.7 times. The new time Interest Earned is at 3 times and this indicate that the company can easily raise more debt for its funding needs.

4 0
2 years ago
Delta Insurers typically affirms or denies claims within 120 days after it receives proof of loss statements. Which statement is
laiz [17]

Answer:

Statement A

Explanation:

The 2 statements are:

A: The firm Delta Insurers typically affirms claims within 120 days after it receives proof of loss statements

B: The firm Delta Insurers typically denies claims within 120 days after it receives proof of loss statements

The explanation for this is:

- The company is an insurance company

- An insurance company holds funds for their customers; to be released when the customer is less privileged or in a bad situation, depending on the type of insurance made

- There is car insurance, house insurance, life assurance, etcetera.

- So if the insurance company receives proof of loss statements from the customer, it will release funds to solve the customer's dire need

- In this case, it takes 120 days to verify, process and then agree (affirm) to release funds (claims) to the affected customer.

So the answer is Statement A.

8 0
2 years ago
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