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Fiesta28 [93]
3 years ago
15

Suppose you are in charge of setting prices at a local ice cream shop. The business needs to increase its total revenue, and you

r job is on the line. You evaluate the data and determine that the price elasticity of demand for ice cream at your shop is 1.8. You should?
Business
1 answer:
In-s [12.5K]3 years ago
4 0

Answer:

The price of ice-cream should be reduced.

Explanation:

As the price elasticity of demand is 1.8,which is given as

Price/Demand=1.8

As the values is greater than 1 this indicates that the price of the ice-cream is more than the demand of the ice-cream.

This indicates that the price is more so the price of ice-cream should be reduced.

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The lot is 150 feet by 90 feet. The fence is to be 8 feet tall. cost for the fence is $4.50 per linear foot, plus $.75 per squar
creativ13 [48]

Answer:

The total cost of the fence is $5,040

Explanation:

For computing the total cost of the fence, the following steps are needed which is shown below:

Step 1: First we have to find the linear of the feet which is equals to

= 2 × (sum of feet)

= 2 × (150+90)

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Step 2: Now multiply the linear with the cost of the linear foot which equals to

= Linear value × cost of fence per linear foot

= 480 × $4.50

= $2,160

Step 3: compute the value of fence which is 8 feet tall

So, the value is = Linear × tall feet = $480 × 8 = $3,840

Step 4: Now, multiply step 2 with the labor square foot

So, the value is = $3,840 × 0.75 = $2,880

Step 5: Finally, add step 2 and step 3

So, the value is = $2,160 + $2,880 = $5,040

Hence, the total cost of the fence is $5,040

4 0
3 years ago
A service auditor's report on a service center should include a(n) :A. Detailed description of the service center's internal con
SashulF [63]

Answer:

The answer is letter A.

Explanation:

Detailed description of the service center's internal control.

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