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PIT_PIT [208]
2 years ago
15

The Phoenix Suns decide to increase their ticket prices for next season. We might expect revenue will rise due to the higher pri

ces revenues might fall, given that basketball is a luxury revenues will rise, given that Phoenix is a large city revenues will fall, given that the Suns operate a monopoly.
Business
1 answer:
vaieri [72.5K]2 years ago
5 0

We might expect revenue will rise given that Phoenix is a large city.

<h3>What is a revenue?</h3>

This refers to the income generated from normal business operations which are calculated by average sales price * the number of units sold

Because Phoenix Suns decide to increase their ticket prices for next season, then, we might expect revenue will rise given that Phoenix is a large city.

Therefore, the Option B is correct.

Read more about revenue

<em>brainly.com/question/4618859</em>

#SPJ1

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vovangra [49]

Answer:

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3 years ago
A barrel of oil as measured on the oil market is equal to 1.333 u.s. barrels. a u.s. barrel is equal to 31.5 gal. if oil is on t
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7 0
3 years ago
Why do you think researchers chose to begin with cigarette smokers opposed to other types of addiction ?
tester [92]

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4 0
3 years ago
Read 2 more answers
Nire   has a comparative advantage in producing butter, whereas Nire   has a comparative advantage in producing guns.Consider a
riadik2000 [5.3K]

Answer:

False

Explanation:

A proposed trade of 12.5 pounds of butter for 20 guns may NOT be mutually agreeable to both countries.

The main idea of comparative advantage is NOT trade by barter but buying and selling. Comparative advantage is a principle that states that a country should produce more of the goods and services which it can produce at a lower opportunity cost than that of trade partners and thereafter sell to those partners at a lower cost than they would have produced it themselves in the bid to be self reliant.

It is difficult to agree to such a deal of 12.5 pounds of butter for 20 guns because it is impossible to conclude that they are even or equal in value. The both countries should sell to each other as money is a common means of exchange.

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3 years ago
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