Answer: in the inelastic portion of the demand curve
Explanation:
Remaining part of the question is:
.. in the inelastic portion of the demand curve, the elastic portion of the demand curve, or the unit elastic portion?
Elasticity measures how much quantity demand changes in response to a change in price.
An inelastic demand means that when prices change, demand does not change as much. You can therefore increase prices with a good that has inelastic demand and still expect close to the same demand.
If the city wants to raise as much revenue as possible from the tolls, they should increase prices on the inelastic portion. Because it is inelastic, the demand will remain close to the same which would increase revenue as the same number of people are paying higher.
The appropriate response is a compulsion. A compulsion is a conduct intended to diminish psychic pain or distress because of components, for example, discouragement or nervousness. People participating in impulses regularly feel a powerful need to take part in the enthusiastic conduct. Ordinary practices, for example, hand-washing, imploring, and checking can progress toward becoming impulses.
Answer:
Since the expected value is higher for not suing ($600,000), then Jay should not sue. The expected value of the best case scenario in case of suing is only $500,000 and in the expected value of the worst case scenario is -$37,500.
Explanation:
he decides to not sue = expected value $600,000
he decides to sue:
50% chance of winning
expected value
- $2,000,000 x 50% x 50% = $500,000
- $500,000 x 50% x 50% = $125,000
50% chance of losing
- expected value = -$75,000 x 50% = -$37,500
Answer: $8500
Explanation:
The total administrative expense allocated to the Meats department will be calculated thus:
= (Total administrative expense/Total Sales in square Feet) × Meat Department sales in Square Feet
= (17000/3200) × 1600
= $8500
The total administrative expense allocated to the Meats department is $8500.
Answer:
Option(b) is the correct answer to the given question
Explanation:
The main objective of the first amendment says that freedom and rights regarding to the correct to the protest, religious faith, appearance as well as assembly.This law is all about the freedom to all the region of the person .
- The first amendment prohibits Congress both from supporting yet another religious belief over the other and prohibiting the religious beliefs of even a person as well.
- As claudia writing the letters to the news paper supportive of the law's effect. She also protests upwards the sidewalk, noisily promoting her viewpoint in front of town hall it is similar to first Amendment law.
- All the other option are not related to the given scenario that's why these are incorrect option .
