Answer:
My advice to the manager is to set the tichet price as close as possible to the point where the price elasticity of demand equals 1
Explanation:
The PED shows the responsivenes of the quantity of a good or service to a change in its price when nothing changes but the price.
Is the percentage change in the quantity demanded of a good or service divided by the percentage change in the price.
Answer:
B)monitoring competitors
Explanation:
Competitors monitoring can be regarded as SWOT analysis of the organization competitors, it helps in the awareness of moves that can be taken by the firm compititors such as as the marketing strategies, stock as well as as pricing policy. It should be noted that for a manager to initiate activities that will support environmental scanning. Monitoring competitors activity should be used by this manager for this purpose.
Answer:
C. A possible cause of economic fluctuations is due to the use of fiscal policy for political purposes.
<em>Explanation:</em>
<em>During political business cycles the ups and downs of the economy are best explained through analyzing public policy. In a political business cycle we should expect that there will be some manipulations when using policy to try to make the politicians appear more competent than they are. In 1972, the Nixon administration basically increased the Social Security payments made to Seniors by 20%, 1972, was of course an election year, so the Nixon administration manipulated economic fluctuations due to his fiscal policy.</em>
<em />
<span>Being expressive to the
audience for a certain essay is vital because it regulates the content that
will give the impression in the writing. The content of an essay that has
a detailed topic will differ depending on the projected audience. Having a fixated
topic is imperative, but having a precise audience is correspondingly significant.</span>
The correct answer is D: May succeed when many voters are rationally ignorant.
Further Explanation:
Rent-seeking behavior can best be described a person lobbying for a particular business or person. Many times a politician is bribed to give a that business certain legislature rules/laws in favor for that company.
If logrolling is permissible, the rent seeking may be successful. Many times the this produces results that are not favorable to the public and can even be harmful. It really helps to understand the government policies when a person understands rent-seeking behavior.
Some ways a government may fail is;
- rent seeking behavior
- Regulatory capture
- rational ignorance
- logrolling
Learn more about rent-seeking behavior at brainly.com/question/13767756
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