True or false? consumers most likely will pay less in an oligopolistic society than a perfectly competitive one.

Resources are adequate, but demand varies widely over the life of the project. Delaying noncritical activities to lower peak dem

-BARSIC- [3]

Answer:

resource smoothing

Explanation:

According to the definition provided in the question we can say that this is regarding resource smoothing. Like mentioned in the question this term refers to a management technique that adjusts the resources so that the requirements do not surpass the resource limits that the company has specified, by delaying the noncritical activities in order to allow for the important ones first.

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3 0

3 years ago

Blue Spruce University sells 4,500 season basketball tickets at $140 each for its 12-game home schedule. Give the entry to recor

STatiana [176]

Answer:

a. Total revenue received:

= 4,500 * 140

= $630,000

Date Account Title Debit Credit

XX-XX-XXXX Cash $630,000

Unearned revenue $630,000

Revenue is unearned because the games have not been played yet therefore Blue Spruce University has not provided the service for which it was paid and has not earned the revenue.

b. The revenue per game is:

= 630,000 / 12 games

= $52,500

Date Account Title Debit Credit

XX-XX-XXXX Unearned Revenue $52,500

Revenue - Ticket Sales $52,500

8 0

3 years ago

When two people are talking, they want the listener to understand what they are saying. They both want to be effective communica

Sergeeva-Olga [200]

Salespeople have to develop a mutual trusting relationship with the customers has this determines the long term sales relationship that they can mutually benefit from. A part of developing trust with the customer includes a good and long effective communication between the two.

3 0

3 years ago

a consumers goal in buying a good or service is to get the most out of his or her income, or to maximize total utility. this is

PilotLPTM [1.2K]

Surving in the new age world

3 0

3 years ago

Next week, super discount airlines has a flight from new york to los angeles that will be booked to capacity. the airline knows

Setler79 [48]

The cost of underestimating the demand is considered a revenue loss that arises due to cancellation of flight costing $134. Hence, cost of underetimating the demand is $C_u=\$134$ .

The cost of overestimating the demand is known as rewards. For example, free round trip ticket worth $263. Hence, the cost of overestimating the demand is $C_o=\$263$ .

$\frac{C_u}{C_u+C_o} = \frac{134}{134+263} \\ \\ = \frac{134}{397} =0.3375$

The z-score that yields a p-value of 0.3375 is -0.4193.

Thus, super discount airlines should overbook the flight by 35 + (-0.4193 x 24) = 35 - 10.0632 = 24.9368 = 25 seats.

Therefore, super discount airlines should overbook the flight by 25 seats.

4 0

3 years ago