Answer:
I'm not sure what that U is for.
The answer is 459,461 These two do add to 920
Step-by-step explanation:
Remark
I'm going to make sure you are using consecutive odd numbers.
Let the smaller number = 2x - 1
Let the larger number = 2x + 1
Equation
2x - 1 + 2x + 1 = 920
4x = 920
x = 230
The consecutive numbers are 2*230 - 1 = 459
and 2*230 + 1 = 461
Answer:
60 days.
Step-by-step explanation:
Let the actual time be x, then:
x - 0.25x = 45
0.75x = 45
x = 45/0.75
= 60 days.
Answer:
5
Step-by-step explanation:
penta stands for 5
Answer: Choice B
If you lower your rates by 6% you will increase the number of occupancies by 12%
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Explanation:
Price Elasticity of Demand is found by dividing the percent change of demand over the percent change in price

If the price drops 6% leads to a 12% increase in demand, then we get this elasticity

The absolute value of that result is 2. We work backwards going from 2 to see the relationship between the 12% and 6%.
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Side notes:
- Choice A is incorrect as a price elasticity of demand larger than 2 means we have elastic (rather than inelastic) demand.
- Choice C is incorrect because while raising rates does bring in more money in certain situations, there's a limit to how much the price goes up before people stop showing up. The prices can't go up forever. Also, the fact we have an elastic product means people are either forgoing this hotel or finding a substitute.
- Choice D is incorrect. Products with high demand elasticity usually have substitutes. Any slight change in the price leads people to seek cheaper options. Unless we're dealing with a small town there are usually multiple hotels to choose from.
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