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Effectus [21]
3 years ago
6

The local community bus service, which is a monopoly, charges $2.00 for a one-way fare. The city council is thinking of raising

the fare to $2.50 but expects it to generate less than 25% more revenue. The council has asked for your advice as a student of economics. The council predicts that raising the price by 25% will raise revenues by less than 25%. Which of the following is true? Choose one:
A. The council hasn't taken into account either the output effect or the price effect.
B. The council has taken into account the price effect but not the output effect.
C. The council has taken into account both the price effect and the output effect.
D. The council has taken into account the output effect but not the price effect. Part 2 (1 point) Therefore, the council has increase in revenue.
Business
1 answer:
dusya [7]3 years ago
5 0

The council has taken into account the price effect but not the output effect.

Answer: Option B.

<u>Explanation:</u>

The effect that an adjustment in esteem has on the buyer interest for an item or administration in the market is known as the price effect. The value impact can likewise allude to the effect that an occasion has on something's cost. The value impact comprises of the substitution impact and the salary impact.

The circumstance where an expansion in the cost of one info will expand a company's creation costs and lessen its degree of yield, this diminishing the interest for different sources of info; on the other hand at an abatement in the cost of the information is known as the output effect.

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Hugh is in charge of creating the value proposition for a new start-up company. In order for him to create an effective value pr
marta [7]

Answer:

Who is the target buyer for the offering, what is the offering to the buyer, why is the offering unique for the customer

Explanation:

Since in the given situation, it is mentioned that the hugh developed the value proposition for newly startup company so for developing the effective value proposition he need to answer the question for a consumer that involved about the target purchaser who is offering, the offering made to the buyer and the unique offering made to the customer

These 3 types of questions he need to answer

4 0
3 years ago
The __________ provides the same results as a check because it withdraws funds from a checking account.
Paul [167]

Answer:

Option B: Debit card

Explanation:

Checking account is simply a type of an account which helps it users to be able to pay bills. It is an account into which an individual can deposits money and from which an individual also withdraws money by the use of check (writing checks) or using a debit card.

A debit card is a type of withdrawal card that helps an individual to withdraw cash from an ATM or to pay directly for goods or services at stores and restaurants and others. It is also defined as a plastic card used to withdraw cash from a checking account or make payments electronically without having to write a check.

6 0
3 years ago
Which of the following is measured by utility? A. The satisfaction a person gets from consumption. B. The cost of adding a singl
Svet_ta [14]

Answer:the satisfaction a person gets from consumption

Explanation:

3 0
3 years ago
How people choose among the alternatives available to them is:?
Over [174]
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7 0
3 years ago
A "Name That Tune" contest has a grand prize of $500,000. However, the contest stipulates that the winner will receive just $200
Alexxx [7]

Answer:

The correct answer is (C) $401,302

Explanation:

To get how much the contest winner actually won, we have to calculate the amount receive at the end of each year discounted at this moment. Then,  we added  all the payments.  

For example, the first payment in  $200,000 at this moment,  so we add  $200,000.  

At the end of the first year we receive $30,000, and the rate of discount is 8%

The formula of discount is P=A/ (1+r)ⁿ

A=Final amount  

P= Principal

r= interest rate

n= time

Year 1 = A/ (1+r)ⁿ =$30,000/1,08¹= 27777,77

Year 2 =$30,000/1,08²= 25720,16

Year 3=23814,96

Year 4=22050,89

Year 5=20417,49

Year 6=18905,08

Year 7=17504,71

Year 8=16208,06

Year 9=15007,46

Year 10=13895,80

 

Total  401302,44

3 0
3 years ago
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