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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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Which of the following are good choices for your appearance in an interview?
il63 [147K]

Answer:

a suit pant suit

Explanation:

it shows that you care for yourself and what you look like the people who interveiwing you wants to see that you put work into stuff and the way you look tells

6 0
3 years ago
Shannon Hill needed to buy an airline ticket to visit her parents. She went to several websites to compare rates and chose a fli
qaws [65]

Answer:

d. Shopping

Explanation:

Based on the scenario being described within the question it can be said that this flight is an example of a shopping product. This term refers to a product that consumers purchase very rarely, and because of this choose to compare prices between all the available options in the market because they do not know what a regular price range actually is for that product.

3 0
3 years ago
Which of the following is an example of the law of diminishing marginal​ returns? A. Holding capital​ constant, when the amount
Irina-Kira [14]

Answer:

The correct answer is option A.

Explanation:

The law of diminishing returns states that as we go on employing more and more unit of input while keeping other inputs constant, the return from each additional unit of input will go on declining.  

This means that the output produced from each additional unit of input will go on declining.

Here, as capital is kept constant and labor is increased by a unit, the output at first increases by 5 units from 20 to 25. But later when input is again increased by a unit, the output increase by only 3 units from 25 to 28.

This shows the law of diminishing marginal returns where the marginal returns from a unit of labor is declining.

3 0
3 years ago
List steps of the capital budgeting process.
Mashcka [7]

1) identification

2) development

3) selection

4) implementation

5) follow-up

Give me brainliest.

3 0
3 years ago
A company is evaluating a new 4-year project. The equipment necessary for the project will cost $3,050,000 and can be sold for $
Rainbow [258]

Answer:

$718,606.4

Explanation:

The first step is to calculate the accumulated depreciation

=$3,050,000×(0.2+0.32+0.192+0.1152)

= $3,050,000×0.8272

= $2,522,960

The accumulated depreciation is then subtracted from the book value in purchase to get the book value on sale

= $3,050,000-$2,522,960

= $527,040

The next step is to subtract the book value on sale from the salvage value

= $527,040-$670,000

= -$142,960

Loss of - $142,960

The tax gain on disposal can be calculated as follows

= -$142,960×34/100

= -$142,960×0.34

= -$48,606.4

Therefore, the after-tax salvage value can be calculated as follows

= salvage value-tax disposal

= $670,000-(-48,606.4)

= $670,000+$48,606.4

= $718,606.4

Hence the aftertax salvage value of the equipment is $718,606.4

5 0
3 years ago
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