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Inessa [10]
3 years ago
9

When the price of movie tickets in a certain town was reduced, the movie-theaters' revenues did not change. This suggests that t

he demand for movie tickets in that town has a price-elasticity coefficient of
1.0
>1.
0.5
zero
Business
1 answer:
bearhunter [10]3 years ago
4 0

Answer:

Elasticity is 1.0

Explanation:

Price elasticity is a measure of the responsiveness of quantity demanded to changes in prices.

When the ratio of change in quantity to change in price is one, it is unit elastic.

So if price of movie tickets reduce by 5 units the quantity will increase by 5 units.

This will result in same amount of revenue at all prices.

The demand is perfectly elastic.

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1) A student loan is an example of an unsecured debt. A secured debt is when a person has something as collateral like their automobile. 

2) Unsecured debts usually have higher interest rates when compared to something with a secured debt. 
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A landlord entered into a 10-year lease of a building with an auctioneer, who planned to use the building itself for a storage a
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$2,000

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Usually, the landlord is required to notify the tenant if he/she plans to sell the property, but regardless of who owns the property (the original landlord or  a new landlord), the contract terms are valid and must be honored by both the current landlord and the tenant.

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3 years ago
The argument took place between-----​
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Answer:

?

Explanation:

3 0
3 years ago
An outside supplier has offered to make the part and sell it to the company for $25.10 each. If this offer is accepted, the supe
gogolik [260]

Missing information:

Corporation makes 5,700 units of part U13 each year. This part is used in one of the company's products. The company's Accounting Department reports the following costs of producing the part at this level of activity: Per Unit Direct materials $9.60 Direct labor $7.80 Variable manufacturing overhead $10.20 Supervisor's salary $5.90 Depreciation of special equipment $8.80 Allocated general overhead $8.00 An outside supplier has offered to make and sell the part to the company for $25.10 each.

Answer:

annual financial advantage of purchasing part from outside vendor = $73,380  

Explanation:

current production costs per unit:

  • direct materials $9.60
  • direct labor $7.80
  • variable manufacturing overhead $10.20
  • supervisor's salary $5.90
  • depreciation of special equipment $8.80
  • allocated general overhead (fixed) $8.00
  • total current costs per unit = $50.30
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costs if company decides to purchase the part form outside vendor:

  • purchase cost per unit $25.10
  • deprecation of special equipment $8.80
  • allocated general overhead $8.00
  • total costs per unit = $41.90
  • total costs $41.90 x 5,700 = $238,830
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annual financial advantage of purchasing part from outside vendor = $286,710 - $213,330 = $73,380  

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sweet-ann [11.9K]

Answer:

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