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My name is Ann [436]
4 years ago
6

An airline transports 800 people per week between two cities. A round trip ticket costs $300. The company wants to increase the

price. They estimate that for each $5 increase, 10 passengers will be lost. What ticket price will maximize their income
Business
1 answer:
kozerog [31]4 years ago
7 0

Answer:

A ticket price of $350 would maximize their income.

Explanation:

A round trip ticket costs $300

Number of people per week the airline transports between two cities is 800

Total income per week = $300 × 800 = $240,000

To maximize their income the company should increase the ticket price by $50.

For each $5 increase, 10 passengers will be lost. There are 10 $5 in $50, so the number of passengers that would be lost is 10×10 = 100

If the company loses 100 passengers by increasing the ticket price by $50, the new ticket price would be $350 ($300+$50) and the new number of passengers would be 700 (800 - 100).

Therefore, new income = $350 × 700 = $245,000

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nternational trade can have big effects on domestic markets. For both an import good and an export good (in other words, address
belka [17]

Answer:

International business is a affects the domestic economy in many ways.

Explanation:

  • The impacts of international trade can vary from the supply and demand of a  particular good or product and their impact on the domestic market functioning. The price changes in the market affect the wages received by the workers as trade opens new foreign markets.  
  • The supply of the products is depended on the demands of the consumers which may be affected by the government policies, and many socio-cultural aspects.
  • International trade leads to the increase of the value of the products and thus increases in the demands and the competitiveness of the market, for this, the government provides a subsidy to the domestic infant industries to protect them from getting removed for the competition.
  • Due to the competition, the firms try to sell their product at a lower or higher cost thereby increasing the quantity demanded by the customer. Thus the equilibrium of the price and quantity demanded changes.
3 0
3 years ago
A vital component of marketing is ______, which involves letting customers know the benefits of the product/service, where you c
Sindrei [870]

The vital component of marketing is promotion.

Promotion in marketing refers to any sort of marketing communication that is used to enlighten target audiences about the relative qualities of a product, service, brand, or problem, and is usually persuasive in nature. It assists marketers in creating a distinct space in the minds of their customers, which can be either cognitive or emotional.

Marketing relies heavily on promotion. Marketing promotion is described as a method of communication between buyer and seller in which the buyer persuades his or her audience to purchase his or her items.

Advertising, sales promotion, public relations, and direct marketing are the four primary promotional strategies.

Hence, the blank will be filled by promotion.

To know more about promotion click here:

brainly.com/question/26312542

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5 0
2 years ago
An individual purchased a fixed annuity with flexible premiums. When she annuitized the policy, she chose the Life Income 10-Yea
Dvinal [7]

Answer:

The beneficiary should receive 6 more years of payment.

Explanation:

An annuity certain option guarantees that the insured or his/her beneficiaries will receive payments for a minimum period of time in case the insured dies.

In this question the certain option was 10 years, during the first 4 years the insured received his/her annuity payments, but once the insured passed away, his/her beneficiaries will continue to receive payments until the 10 year period ends (6 more years).

5 0
3 years ago
A company's beginning Work in Process inventory consisted of 37,000 units that were 90% complete with respect to direct labor. A
pychu [463]

Answer:

128,000 units

Explanation:

The calculation of the equivalent units of production using the weighted average method is given below:

= Total units of finished goods × completion percentage + ending work in process units × completion percentage

= 107,000 units × 100% + 42,000 units × 50%

= 107,000 units + 21,000 units

= 128,000 units

Hence, the equivalent units of production of direct labor is 128,000 units.

8 0
3 years ago
Beach bake, a small maker of a new sunscreen, needs financing to build a warehouse. the owner wants to avoid personal loans. wha
Helen [10]

Beach Bake, a small maker of a new sunscreen, needs financing to build a warehouse. The owner wants to avoid personal loans. Asset-based financing I would recommend.

What is asset based financing?

Working capital and term loans are given to businesses using a specific technique called asset-based finance. As collateral, it uses real estate, accounts receivable, machinery, equipment, and inventories. When a loan to a corporation is backed by one of the company's assets, it is effectively referred to as a secured loan.

How do asset-based loans work?

Asset-based lending refers to a loan or line of credit given to a company and secured by a piece of property. Inventory, equipment, accounts receivable, and other balance-sheet assets are just a few examples of the different types of collateral utilized in asset-based lending.

Learn more about secured loan: brainly.com/question/17077155

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5 0
2 years ago
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