Answer: Elasticity of luxury weekend hotel packages in las vegas is -1.432.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price of the good.
Mid point method-
![e=\frac{Q2-Q1}{\frac{Q1+Q2}{2} } * \frac{\frac{P1+P2}{2} }{P2-P1}](https://tex.z-dn.net/?f=e%3D%5Cfrac%7BQ2-Q1%7D%7B%5Cfrac%7BQ1%2BQ2%7D%7B2%7D%20%7D%20%2A%20%5Cfrac%7B%5Cfrac%7BP1%2BP2%7D%7B2%7D%20%7D%7BP2-P1%7D)
![e=\frac{1700-2000}{\frac{2000+1700}{2} } * \frac{\frac{280+250}{2} }{280-250}](https://tex.z-dn.net/?f=e%3D%5Cfrac%7B1700-2000%7D%7B%5Cfrac%7B2000%2B1700%7D%7B2%7D%20%7D%20%2A%20%5Cfrac%7B%5Cfrac%7B280%2B250%7D%7B2%7D%20%7D%7B280-250%7D)
![e=\frac{-300}{1850} } * \frac{265}{30}](https://tex.z-dn.net/?f=e%3D%5Cfrac%7B-300%7D%7B1850%7D%20%7D%20%2A%20%5Cfrac%7B265%7D%7B30%7D)
![e= -0.16216*8.8333](https://tex.z-dn.net/?f=e%3D%20-0.16216%2A8.8333%20)
![e= -1.432](https://tex.z-dn.net/?f=e%3D%20-1.432%20)
Elasticity of luxury weekend hotel packages in las vegas is -1.432.
Answer:
Cost savings when transfer are made = $0
Explanation:
In the question it was given that Quail is operating at capacity, then the Minimum and Maximum transfer price would be market price = $15.80
Cost savings when transfer are made = No of unit Marlin purchase*(Maximum transfer price - Minimum transfer price)
Cost savings when transfer are made = 195,000 unit * ($15.80 - $15.80)
Cost savings when transfer are made = $3,081,000 - $3,081,000
Cost savings when transfer are made = $0
Being aware of one's expectations is to keep them in check and to ensure that they are realistic. This is one of the ways to practice <u>Effective Parenting.</u>
<h3>Dangers of Unrealistic Expectations</h3>
Some of the dangers of unrealistic expectations are:
- Friction
- misunderstandings
- frustrations
- damage to the self-esteem of the kids and stifle healthy mental development of the kids
See the link below for more:
brainly.com/question/5345351