Answer:
The correct answer is option B.
Explanation:
An increasing-cost industry is that kind of industry where the cost of production increases as new firms enter the industry. It generally happens as the industry expands, the cost of inputs increases, because the input demand is increasing as well.
An increasing cost industry has an upward sloping long-run supply curve. So when the demand increases, the new demand curve will intersect the upward sloping demand curve at a higher point. This will cause both the product price as well as the output level to increase.
Explanation:
Let x be the price of an adult ticket.
Then 0.5x is the price of a child ticket.
We have 2x + 4(0.5x) = £152, therefore 4x = £152 and x = £38.
Hence the price of an adult ticket is £38.
Answer:
D. Set explicit and measurable objectives for the campaign.
Answer:
Equity
Explanation:
If the firm wishes to raise money by selling its shares of stock to the general public through the capital market, i. e. stock exchange market, it is called equity financing. It is often referred to as a primary stock market. As Extreme Entertainment, Inc. does not have much money to expand its business; it sells its share in the stock market to raise its capital.
