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Over [174]
3 years ago
6

The New York Times reported (Feb. 17, 1996) that subway ridership declined after a fare increase: "There were nearly four millio

n fewer riders in December 1995, the first full month after the price of a token increased 25 cents to $1.50, than in the previous December, a 4.3 percent decline."
a. Use these data to estimate the price elasticity of demand for subway rides.

b. According to your estimate, what happens to the Transit Authority's revenue when the fare rises?

c. Why might your estimate of the elasticity be unreliable?
Business
1 answer:
tester [92]3 years ago
6 0

Answer:

Please see attachment

Explanation:

Please see attachment

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Help me really quick!
lana [24]
Answer for the photo is on Xtiny/5G
3 0
3 years ago
Selected current year company information follows: Net income $ 16,753 Net sales 720,855 Total liabilities, beginning-year 91,93
a_sh-v [17]

Answer:

the total asset turnover is 2.65 times

Explanation:

The computation of the  total asset turnover is shown below;

As we know that

Total assets turnover is

= Net sales ÷ average of total assets

= $720,855 ÷ ($91,932 + $206,935 + $111,201 + $133,851) ÷ 2

= $720,855 ÷ $271,959.50

= 2.65 times

Hence, the total asset turnover is 2.65 times

7 0
3 years ago
Computer hardware and software are complements. Both goods are traded in perfectly competitive markets. A fall in the costs of p
krok68 [10]

Answer:

D

Explanation:

Complementary goods are goods that are consumed together

If the cost of microchips fall, it becomes cheaper to produce hardware. As a result, there would be an increase in the supply of hardware. An increase in supply would lead to a rightward shift of the supply curve. As a result equilibrium price decreases and equilibrium quantity increases.

As a a result of the decrease in price of hardware, it would become cheaper to purchase hardware. Thus, the demand for hardware increase. Since hardware and software are complements, there would also be an increase in the demand for software. This would lead to rightward shift of the demand curve for software. . An increase in demand leads to a rightward shift of the demand curve. As a result, equilibrium price and quantity increases

4 0
3 years ago
Identify and discuss a famous marketing leader. Discuss leadership traits you believe the marketing leader demonstrated and why
galben [10]

Answer:

Apple

Explanation:

A market leader can be a person, company or product that has a large market share in their industry or that dominates in their industry.

When Apple came into the market they disrupted the market a left companies they found in the market behind by concentrating on both design and user experience. By coming up with innovative products and taking design into account they made themselves a luxury brand.

They remain in the public eye, meaning that they are always coming up with new products and better offerings. They have good marketing strategies.

They aim to please their customers and make them feel like they are a part of something exclusive and luxurious.

Their vision was clear from the beginning and remains so.

Without the ability to offer a good product that is user friendly with a good design, effective marketing, innovation and a clear vision, Apple would not have been able to become a market leader so all the above are important and should be applied by any company that aims to become successful in their business.

3 0
3 years ago
Which type of loan requires that you pay the interest accumulated during college?
MrRa [10]
The answer to this question is unsubsidized loan.
In unsubsidized loan for school payment, <span>the interest will be accumulated and be added to the principal amount of the total loan that you make.
The difference between unsubsidized and subsidized loan is that unlike in subsidized loan, the government do not pay for the loan interest for unsubsidized loan.</span>
3 0
4 years ago
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