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gregori [183]
2 years ago
12

Many new restaurants have opened in Collegetown in recent years. Given this change in supply, what type of demand would result i

n a larger drop in prices for restaurant meals?
Business
1 answer:
Darina [25.2K]2 years ago
7 0

Answer: Inelastic demand

Explanation:

When new restaurants have opened in College town in recent years, the supply for restaurant meals increase. This will lead to a rightward shift in the supply curve for restaurant meals leading to a fall in the price and an increase in the quantity. The fall in price will be larger the more inelastic demand is.  When demand is more elastic then a fall in price will be less when supply increases.

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Joan has entered into a contract with the federal government to design a computer simulation model for training helicopter pilot
balu736 [363]

Answer:

The correct answer is letter "A": cost-based pricing strategy.

Explanation:

Cost-based pricing strategy is one of the most basic methods of setting the price of a product consisting only in determining the fixed price of the good or service at first and, after obtaining that amount, adding a percentage according to what the profits are expected. The selling price of the product becomes the sum of the fixed costs and the percentage of the fixed costs expressed un dollar amounts (or the currency that applies).

4 0
1 year ago
Last year, Kaylor Equipment had $15,900 of sales, $500 of net new equity, dividend payments of $75, an addition to retained earn
ArbitrLikvidat [17]

Answer:

$1,135.05

Explanation:

Given:

Sales = $15,900

Net new equity = $500

Dividend payments = $75

Retained earnings = $418

Depreciation = $680

Interest expense = $511

Tax rate = 21% = 0.21

Now,

Net income = Retained earnings + Dividend payments

= $418 + $75

= $493

Profit before tax = Net income ÷ ( 1 - tax rate )

= $493 ÷ ( 1 - 0.21 )

= $624.05

Therefore,

Earnings before interest and taxes

= Profit before tax + Interest expense

= $624.05 + $511

= $1,135.05

4 0
2 years ago
The selling price of a property is $96,000. this can be financed if the buyer can put 10 percent down and pay a loan origination
Romashka-Z-Leto [24]
The buyer must produce $10896
4 0
1 year ago
which member of the acquisition team is responsible for forming the acquisition team and leading the team
Alona [7]

Answer:

A project manager.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

Hence, it is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.

Generally, a project manager is a member of the acquisition team and is responsible for forming the acquisition team and leading the team through the various stages of the project.

4 0
1 year ago
Iron triangles have given way to _____ over the years. intergovernmental lobbying issue networks reverse lobbying iron squares
monitta
Iron triangles have given way to INTER-GOVERNMENTAL LOBBYING over the years.

Iron triangles refer to a mutual relationship between three three groups or organizations such as government agencies, interest groups and legislative committees (law makers). It is a policy making relationship in the United States politics. 
8 0
2 years ago
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