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docker41 [41]
2 years ago
4

An article in the Wall Street Journal noted the following: Instead of relying on a full-coach, round-trip unrestricted fare of a

bout $2,000 between Cleveland and Los Angeles ...Continental [Airlines] since June has offered a $716 unrestricted fare in that market .... Through October, the test resulted in about the same revenue that Continental thinks it would have collected with its higher fare. Source: Scott McCartney, "Airlines Try Cutting Business Fares, Find They Don't Lose Revenue," Wall Street Journal, November 22, 2002. What is the absolute value of the price elasticity of demand on this airline route?
Business
1 answer:
erma4kov [3.2K]2 years ago
3 0

Answer:

Approximately 1.

Explanation:

The price elasticity of demand is the amount that a quantity of the product demanded  changes as price changes.

When the price elasticity of demand equals 1, a rise in price causes no change  in revenue for the seller, which in this case is the airline route.

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Explain how the core product and supplementary services are integrated in the context of an overnight hotel stay. please give de
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2 years ago
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Dan Demaar and Rob Runten are working on a class assignment on economic growth. Dan collects the GDP growth data for the country
ozzi

Answer:

A

Explanation:

If the growth rate of population in Fanez has consistently exceeded the real GDP growth, then the GDP per capita should be less than before. The GDP per capita is the division between the GDP (numerator) and the total population (denominator). If the denominator increases faster than the numerator then the GDP per capita decreases. Dan should measure the change in living standards in Fanez by looking the GDP per capita, because this measures how prosperous is the country by individual.

6 0
2 years ago
If IBM manufactures a computer in the United States and sells it to a French business firm in Paris, it will cause an increase i
photoshop1234 [79]

Answer:

B

Explanation:

When goods produced in a country are sold to other countries, it is known as export.

When a country purchases a foreign produced good, it is known as import

the difference between export and import is known as net export.

Net export increases when export increases and decreases when import decreases.

As a result of the sale of the computer, US net export would increase and France's net export would decrease.

7 0
2 years ago
The Washington Company purchased a new machine for $200,000. In addition to the invoice cost of the unit they had to pay $5,000
ehidna [41]

Answer:

The answers are $20,000 and $17,500.

Explanation:

Straight Line Depreciation is a calculation made to find the amount that an asset's value has reduced over a certain period of time.

The formula for it is \frac{(Cost Of Asset) - (Salvage Value)}{Asset Life}.

The cost of the asset is $200,000 but for the first year there are also the freight, wiring and installation costs which apply just once and they come up to $25,000 in total.

So the depreciation for year one is going to be \frac{225,000 - 25,000}{10} which is $20000.

The depreciation for year two is going to be \frac{200,000 - 25,000}{10} which is $17,500.

I hope this answer helps.

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2 years ago
The ____________ firewire connector must use a separate power supply.
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