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kirill [66]
3 years ago
8

You are the manager of the public transit system. You are informed that the system faces a deficit, but you cannot cut service,

which means you cannot cut costs. Your only hope is to increase revenue by increasing fares. You are advised that the estimated price elasticity of demand for the first few months after a price change is about −0.3. Select the statement that best describes the results of raising the fare in the short run.a. Total revenue falls, since demand changes and becomes price inelastic. b. Total revenue will rise incrementally as the demand fuctuates and price moves back and forth between being elastic and inelastic. c. Total revenue rises immedately after the fare increase, since demand over the immediate period is price Inelastic.
Business
1 answer:
Karolina [17]3 years ago
4 0

Answer:

Total revenue rises immedately after the fare increase, since demand over the immediate period is price Inelastic.

Explanation:

Elasticity in the price demand measures the porcentage in the change of the quantity demanded as a response to a change in the price. If the elasticity is more than 0 but less than 1 it means that the price demand is inelastic. So when the price is rised the quantity demand will decrease in a minor porcentage than the rise in the price so it will represent a bigger revenue.

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Your company's HR director is a believer in trait theories of leadership. He believes that he can differentiate leaders from non
STatiana [176]

leadershipCorrect/Complete Question:

Your company's HR director is a believer in trait theories of leadership. He believes that he can differentiate leaders from nonleaders by focusing on personal qualities and characteristics. The HR director plans to promote Lawrence, a highly extraverted manager with a great deal of ambition and energy to the position of VP, Manufacturing. He asks for your expertise in helping him to apply trait theory to leadership selection within your company. The director believes that because of his innate characteristics, Lawrence will be highly effective at helping the company achieve its production goals. You advise the director against basing his decision purely on traits because ________.

A) research has identified emotional stability as the strongest predictor of leadership effectiveness

B) studies have found that the Big Five traits are difficult to identify in leaders

C) studies have shown that traits are poor predictors of leadership effectiveness

D) research has found that conscientiousness is a better predictor of effectiveness than extraversion

E) research has shown that effective managers are often unlikely to become effective leaders

Answer:

C, studies have shown that traits are poor predictors of leadership effectiveness

Explanation:

As much as traits can help predict leaders from non leaders, it is not adequate to distinguish the effectiveness or lack of it as a leader.

In the case of the above question, it is proper to advise the HR against making Lawrence a VP for manufacturing becase just his traits won't be enough to efficiently discharge his duties in that role.

Cheers. i hope this helps

7 0
3 years ago
A magazine publisher asks you to commit to a brief trial subscription. having committed to the trial subscription, you may be mo
Aneli [31]
Idk bro I'm just answering this for points
5 0
3 years ago
Which agricultural worker cuts down trees with chain-saws?
maksim [4K]

The agricultural worker that cuts down trees with chain-saws is a lumberjack.

3 0
3 years ago
Read 2 more answers
How can you value our farmers in your own simple way​
SOVA2 [1]

Answer:

By helping them

Explanation:

We need to cooperate

3 0
3 years ago
What is the yield to maturity of a bond that as a face value of $1,000, is currently selling for $980, has a 5% coupon (paid sem
Ghella [55]

Answer:

5.47%

Explanation:

The computation of yield to maturity is shown in the attachment:

Given that

FV = $1000

PV = ($980)

PMT = 5% ÷ 2 × 1,000  = $25

Number of years = 5 years × 2 =  10 Years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula, the yield to maturity is

= 2.73 × 2

= 5.46%

Therefore with the help of spreadsheets (as attached),  we could explain in a better manner.

7 0
3 years ago
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