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saveliy_v [14]
4 years ago
8

Tele-com, inc., the nation's largest cable tv company, tested the effect of a price reduction for the disney channel. it lowered

prices from $10.75 to $7.95 and found that the number of customers more than doubled. this means the
Business
1 answer:
Sladkaya [172]4 years ago
8 0
<span>This means that there were customers that were wanting the Disney channel, but did not get it because it was too expensive. Once the price went down these customers bought the service. The cable company test showed that they should keep their prices for the Disney channel low to generate more revenue. Even if they only had one customer to begin with they would only be making $10.75, and when they lowed their prices they would be making at least $15.90.</span>
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Answer:

The spending on imports is $0 million.

Explanation:

GDP = C + I + G + (X – M)

Here, C is consumer spending of $4million, I is investment of $2million, G is government spending of $5million, X is exports worth $4million and M are imports which not given in the question. The GDP in the question is given and is $15million.

So by putting values in the equation we have:

15 = 4+ 2 + 5 + (4 - M)

15 - 4 - 2 - 5 - 4 = M

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3 years ago
name some differences between the requirements and responsibilities between volunteer,intern, and paid jobs
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8 0
3 years ago
If a consumer receives 20 units of utility from consuming two candy bars, and 25 units of utility from consuming three candy bar
Alecsey [184]

Answer:

The correct answer is option C.

Explanation:

The utility from consuming two candy bars is 20 units.

The utility from consuming three candy bars is 25 units.

The marginal utility of the third candy bar will be the increase in the utility on consuming additional unit of candy bar.

It can be calculated by the utility derived from consuming three bars minus the utility derived from consuming two bars.

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So, the correct answer is 5 units.

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