Answer:
D. a 10 percent decrease in the average price of a lift ticket.
Explanation:
When Price elasticity is greater than 1, that suggests that the demand for that particular good or service is highly responsive to price or is price-sensitive . Furthermore, If price elasticity is greater than 1 then an increase in price will cause revenue to decrease.
Applying the above-stated principle to the given scenario, it has been stated that 'The estimated price elasticity of demand is 1.5.' implying that the demand for downhill ski is highly sensitive and responsive to changes in price.
Therefore, the only logical economic strategy to improve revenues will be to decrease price so that revenue can increase.
Answer:
5. They are all neccessary
A standard operating procedure exists as a set of written instructions that represents the step-by-step process that must be endured to properly complete a routine activity.
<h3>
What is Standard Operating Procedures?</h3>
A standard operating procedure exists as a set of written instructions that represents the step-by-step process that must be endured to properly complete a routine activity. A standard operating procedure exists as a set of step-by-step instructions collected by an organization to assist workers to carry out routine operations. SOPs desire to accomplish efficiency, quality output, and uniformity of performance, while decreasing miscommunication and defeat to comply with industry regulations.
SOPs can also be used as a part of a personnel training schedule, hence they should support complicated work instructions. When historical data are being assessed for current usage, SOPs can be advantageous for reconstructing project movements.
Additionally, SOPs exist commonly used as checklists by inspectors when auditing systems. Finally, the benefits of a valid SOP stand minimized work effort, together with enhanced data comparability, credibility, and legal defensibility. SOPs exist necessary even when published procedures are being administered because cited published techniques may not contain appropriate data for conducting the procedure in-house.
To learn more about Standard Operating Procedures refer to:
brainly.com/question/27217435
#SPJ9
Answer:
7 pounds
Explanation:
To solve this we need to use simultaneous algebraic equations.
Assume
x = 1 pound of bluegrass seed
y = 1 pound of drought resistant seed
Our first equation considers the number of pounds
x + y = 25
y = 25 - x
For the combined bluegrass seeds and thought resistant seeds bought
For the second equation we consider the price
2x + 3y = 68
Substitute value of y in equation 2
2x + 3(25 - x) = 68
2x + 75 - 3x = 68
x= 7
So the amount of bluegrass seed is 7
We can also get the amount of drought resistant seed from equation
7 + y = 25
y = 18
I think the answer might be called Vertical Integration
