Answer:
c the price elasticity of demand is about 1.43 and an increase in the airfare will cause airlines' total revenue to decrease.
Explanation:
q1 2,000 p1 250
revenue1 = quantity x price = 2,000x250 = 500,000
q2 1,700 p2 280
revenue2 = 1,700 x 280 = 476,000
<u>Midpoint formula:</u>
Ep = -1.432432432
As the price elasticity is above -1 the decrease in quantity is greater than the decrease in price thus, the revenue of the firm decreases if increase the price.
Answer:
To minimize risk, investors should investigate the market and diversify its portfolio.
Interest that builds on the principle and the interest already gained is compound interest
Money invested in a CD
always have a fixed rate of return and is less risky than money used to purchase a home.
Answer:
B. A restaurant offers a discounted price on a new type of dish.
Explanation:
Here are the options to this question :
Which statement best describes a business creating an incentive?
A. A factory increases production to respond to growing demand.
B. A restaurant offers a discounted price on a new type of dish.
C. A car dealership increases the price on a car when it becomes
more popular
D. A retailer stops carrying a product that doesn't sell well in its
stores
An incentive is a motivation to carry out a particular activity.
If the price of fish is discounted, consumers would be motivated and willing to purchase the fish because of the reduced price
Answer:D. $0
Explanation:
Goodwill is the excess of the purchasing price of a company value of indentifiable net assets.. The purchasing price in this example is less than the value of the.
Answer:
annual percentage rate: 7.0404%
Explanation:
We need to solve for the annual convertible rate when we are given with the annual effective rate:
![(1+APR/52)^{52}=1+0.07289\\APR =( \sqrt[52]{1.07289} -1) \times 52\\](https://tex.z-dn.net/?f=%281%2BAPR%2F52%29%5E%7B52%7D%3D1%2B0.07289%5C%5CAPR%20%3D%28%20%5Csqrt%5B52%5D%7B1.07289%7D%20-1%29%20%5Ctimes%2052%5C%5C)
apr = 0.0704035593 = 7.0404%
