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ohaa [14]
3 years ago
10

Suppose the Carolina Panthers football team lowers ticket prices by 20 percent and, as a result, the quantity of tickets demande

d increases by 25 percent.
This response means that the demand for tickets is:

A. perfectly elastic.
B. elastic.
C. inelastic.
D. unit elastic.
Business
1 answer:
Nookie1986 [14]3 years ago
6 0

Answer:

The correct answer is B. elastic.

Explanation:

Elastic demand occurs when, when any price changes for a good, the quantity demanded is drastically affected. In this case, there is a considerable variation in the price of the tickets, since there is no substitute good that people can access. This behavior is contrary to inelastic demand, since there is little or no variation in it.

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Which resum_ tends to be used to cover employment gaps?
vekshin1
The resume tends to be used to cover employment gaps are : c. functional.
by deviding the employee based on their function, so the employment could work in the same function of their job and reduce the gap.

hope this help

5 0
3 years ago
Read 2 more answers
In the short​ run, the marginal cost of the first unit of output is​ $20, the marginal cost of producing the second unit of outp
Alinara [238K]

Answer:

Hence, the  firm's total variable cost of producing three units of output​ is $48 unit.

Thus, the correct option is d. $48 unit.

Explanation:

The computation of total variable cost is shown below:

= marginal cost of the First unit of output + marginal cost of the second unit of output + marginal cost of the third unit of output

= $20 + $16 + $12

= $48

The variable cost include all type of cost which is change when the production level changes. In the given question, the output level changes with the unit which reflects the variable cost. So, the cost would be added in the computation part.

Hence, the  firm's total variable cost of producing three units of output​ is $48 unit.

Thus, the correct option is d. $48 unit.

6 0
3 years ago
. Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 4 bars and the price is $4. In year
NikAS [45]

Answer:

Nominal GDP in year 1 = $16

Nominal GDP in year 2 = $25

Nominal GDP in year 3  = $36

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Nominal GDP is GDP calculated using current year prices

Nominal GDP in year 1 = 4 x $4 = $16

Nominal GDP in year 2 = 5 x $5 = $25

Nominal GDP in year 3 = 6 x $6 = $36

5 0
3 years ago
On April 1, Griffith Publishing Company received $33,480 from Santa Fe, Inc. for 36-month subscriptions to several different mag
WARRIOR [948]

Answer:

Debit Unearned Fees, $8,370

Credit Fees Earned, $8,370

Explanation:

Based on the information given we were told that the Company received the amount of $33,480 from Santa Fe for 36 month on April 1 in which we are to assumed that the adjustments will be made at the year end this means that the adjusting entry will be to:

Debit Unearned Fees, $8,370

Credit Fees Earned, $8,370

Calculated as :

Amount received $33,480/36 months ×9 months

=$8,370

Note that from 1st April to 31st December will give us 9 months.

7 0
3 years ago
Consider the following scenario to answer the following questions: Kukla makes tables, with an opportunity cost of 3 rugs per ev
mote1985 [20]

Answer:

E

Explanation:

In this question, we are told to state what the reaction of Koka and Zola will be;

Kukla and Zola both like the proposal. As according to the given opportunity cost for Kukla (3 rugs per every 4 tables) she can get 1.5 rugs for 2 tables .But with the offer made now she can get 2 rugs for giving 2 tables.

Given the opportunity cost for Zola ( 2 tables per every 3 rugs ) she must give 3 rugs for getting 2 tables. But with the offer made she can now get 2 tables for giving away only 2 rugs .

So both Kukla and Zola are happy with the offer.

3 0
3 years ago
Read 2 more answers
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