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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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Cargo Industries began the month with a $10,000 debit balance in the Cash account. During the month, the total of the debit entr
alukav5142 [94]

Answer:

B$10,800 debit balance.

Explanation:

In the given question, first we have to compute the difference of cash account which equals to

= Total debit entries - Total credit entries

= $4,800 - $4,000

= $800 debit

Now add this amount to the beginning balance which equals to

= Beginning amount of cash balance + Difference amount

= $10,000 + $800

= $10,800 debit

7 0
4 years ago
When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of _
Alexeev081 [22]

When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of earning a profit.

<h3>Who is an entrepreneur?</h3>

This is the person that is referred to as the one that opens and runs a business for the sake of making gains which is referred to as profit.

The entrepreneur is a person that is interested in being able to come open and run a business and also manage the risks that are involved in the business. Such a person is innovative in nature and they are able to take risks.

Hence When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of earning a profit.

Read more on an entrepreneur here: brainly.com/question/353543

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8 0
2 years ago
According to cohen, why is it important that our exposure to monsters, whether in books, in movies or on television, be temporar
svet-max [94.6K]

Monsters don't like to fit easily into one type of category in the world. They are unnatural. They are unlike things that already exist in the world

<h3>What is unnatural?</h3>

Unnatural means weird, phony, or aberrant. If you colour your hair hot pink, it will appear unnatural, particularly to your conservative grandparents. A wild animal living inside someone's home is unnatural; it contradicts how the animal ordinarily lives in its native surroundings.

You can utilize not unnaturally to show that the situation you're describing is exactly what you'd expect given the conditions. It was a question Roy, understandably, found tough to answer. Jane was naturally irritated by Harry's meddling.

As a result, activities that work against that goal — that is, actions that prohibit another human from living a decent, happy life — are deemed 'unnatural' or 'immoral.'

To know more about unnatural follow the link:

brainly.com/question/25929223

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4 0
2 years ago
What is the future value of 875 six years from now if the required rate of return is 7% (Rounded to 2 decimal places)?​
Alex17521 [72]

The future value of 875 six years from now is mathematically given as

F= 1.313.13

<h3>What is the future value of 875 six years from now if the required rate of return is 7%?</h3>

Generally, the equation for Future Value is mathematically given as

Future Value = P * (1+r)^n

Therefore

F= 875 * (1+7%)^6

F= 875 * 1.50073035

F= 1.313.13

In conclusion, Future Value

F= 1.313.13

Read more about Future Value

brainly.com/question/14860893

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7 0
3 years ago
Advertising agencies often provide the IMC function of comparing their customer's target audience with the viewer, listener, or
Ronch [10]

Answer:

Correct option is (a)

Explanation:

Selection of appropriate medium to reach out to target customer is one of the most important function of advertising. In case of selection of inappropriate medium, could lead to wastage of resources, time, money and effort as organization will not be able to tap target customers.

This is the reason that advertising agencies identify target customers with their preferred choice of seeking information whether television, radio or newspaper so that they can select the customer preferred medium to promote the product, thereby eliminating poor choice of medium.

5 0
4 years ago
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