Answer:
increase the price of weekend and evening tickets
decrease the price of matinee tickets
Explanation:
If the price elasticity of demand is elastic, a small change in the price of movie tickets will cause a larger change in the quantity demanded. If the price elasticity of demand is inelastic, a large change in the price will cause a small change in the quantity demanded.
If the PED for weekend and evening patrons is inelastic, then the movie theater should increase the price of the weekend and evening tickets in order to increase total revenue. In this case, a 10% increase in price will result in a 5% decrease in sold tickets.
If the PED for matinee patrons is elastic, then the movie theater should decrease the price of the matinee tickets in order to increase total revenue. In this case, a 10% decrease in price will result in a 17% increase in sold tickets.
Answer:
c. more than $78.02 billion in exports
Explanation:
The nation of Brazil had imports of $78.02 billion in 2018 and had a positive trade balance. This means that Brazil has exports of greater than $78.02 billion. That if a country's exports go beyond its imports, it is claimed that the country has a positive balance of trade. It indicates that Brazil has exports of greater than $78.02 billion.
Hence, the correct option is c.
Answer:
Correct Statement is D
Explanation:
Provided information,
The Jewelry Store sells pair of earrings, where the discount is of 15% on the price of second pair.
This states that the consumer will always be willing to pay the cost of first pair in full, whenever the customer buys such pair, whether alone or with some additional pair.
Thus the willingness to pay for any pair after purchase of first pair of earrings will always be less than the cost of first pair, as the amount paid for first pair is $40 and that for second pair costing $40 but purchased for $34 as because there was discount on second pair.
In the given case John purchased the second pair because there was discount, else John has bought the same pair for $40.
Thus his willingness for second pair is always lower than the price of first pair.
Correct Statement is D
Answer:
ROI for the year will be equal to 10 %
Explanation:
We have given to total sales = $1500000
Controllable margin = $220000
Total average assets = $2200000
And fixed cost = $60000
We have to find the ROI of the year
ROI is given by
= 10 %
So ROI will be equal to 10 %
Answer:
$148,500
Explanation:
Data given
Sales = $150,000
Rate of discount = 10
The computation of Ziff Corp. cash received from customer is shown below:-
Total collection = Sale × (1 - Rate of discount)
= $150,000 × (1 - 0.01)
= $150,000 × 0.99
= $148,500
Therefore for computing the total collection we simply applied the above formula.
