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Alexxandr [17]
3 years ago
8

Suppose that summer in a resort town is very rainy. we can expect demand to shift _____ and the equilibrium price for hotels to

_____.
Business
1 answer:
MAVERICK [17]3 years ago
5 0
<span>If the summer in a resort town is very rainy we can expect demand to shift left and the equilibrium price for hotels to fall. Decreases</span><span> in </span>demand<span> are shown by a shift to the left</span><span> in the </span>demand curve. <span>If the supply decreases but demand holds steady, the </span>equilibrium price<span> increases but the </span>quantity<span> falls. If in summer rains than it is expected less tourists to visit the city and that is why the demand will be shifted left.</span>
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All of the following are ways listed in your text that customers engage with brands via social media except consumers acting as
lys-0071 [83]

Answer: consumers acting as brand advocates

Explanation:

A consumer is less likely to act as a brand advocate. An advocate to someone is a person that speaks on behalf of someone or acts as an intermediate between a person he is representing and another. An advocate role is not the job of a consumer.

5 0
3 years ago
Suppose you face a choice between a certain income of $2,000, or a 50-50 chance of income of $1,000 or $3,000. Suppose you prefe
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Solution :

The risk averse is the person who wishes to reduce the uncertainty attached to the money.

Certain income = $2000.

50-50 chance of 1000 and 3000 would income expected income of

(0.5 x 1000) +(0.5 x 3000) = 2000

Both of them gives an equal amount of income while there is uncertainty attached with the second case which makes the risk averse person disincline to follow.

Hence the statement is FALSE.

Assume that the population level in a country is X. 5 percent of the population are likely to get affected by the disease due to which it makes a population of 0.05 X population to be effected by the disease. The population level will cost  $38,000, hence making the total healthcare cost to be 1900 X.

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3 years ago
Mining Corporation bought land for $330,000 (residual value $22,000) that is estimated to yield 660,000 pounds of a removable na
likoan [24]

Answer:

35933

$46,200

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Depletion = amount of pounds extracted x depletion factor

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6 0
3 years ago
If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without b
kakasveta [241]

Answer:

30 days after receiving notice of the changes

Explanation:

If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without being penalized?

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A policyholder is a person who buys an insurance policy. The policyholder is protected by the details in the insurance policy. He or she can add more persons to the policy depending on the type.

In most cases, a policyholder is allowed to cancel the policy within 30 days without been penalized for a short rate cancellation fee.

4 0
3 years ago
On April 17, 2021, the Loadstone Mining Company purchased the rights to a coal mine. The purchase price plus additional costs ne
Setler79 [48]

Answer:

$1,464,000

Explanation:

The computation of the depletion expense is shown below:

Purchase price plus additional cost = $5,640,000

Extracted tons during four year period = 940,000 tons

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Depletion expense = Purchase price plus additional cost ÷ extracted tons during four year period × current year tons extracted

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= $1,464,000

7 0
3 years ago
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