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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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Select the correct answer.
krek1111 [17]
E. Connivance

Connivance is the willingness to secretly allow or be involved in wrongdoing
7 0
2 years ago
1. The Department of Justice filed a lawsuit against Microsoft claiming it was engaging in unfair practices by​ ____________.
Oksi-84 [34.3K]

Answer:

1. B. monopolizing the market by bundling its operating system with its Internet Explorer browser.

2. A. network externalities.

Explanation:

Lawsuit was filled againts Microsoft claiming that it was engaging in unfair trade practices by (B) monopolizing the market bu bundling its operating system with its internet explorer browser.

They argue that modern software can gain monopoly status and establish a barrier to entry through (A) network externalities.

5 0
4 years ago
The span of control for a manager: a. should never exceed 7 subordinates. b. varies somewhat from manager to manager, but most m
Alisiya [41]

Answer:

c. depends on a number of factors, and can vary from one manager, location and type of employees.

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of supervising and ensuring his subordinates (employees) are working effectively and efficiently with the organization's goals and objectives.

In Business management or human resource management, span of control can be defined as the number of subordinates or junior level staffs who are directly controlled by a superior (manager).

Basically, the span of control for a manager depends on a number of factors, and can vary from one manager, location and type of employees.

<em>This ultimately implies that, span of control is directly proportional to the organizational structure and any other factor around them.</em>

3 0
3 years ago
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $70,000 and $3,600, r
tatyana61 [14]

Answer:

Uncollectible account expense  $8,600

Explanation:

The computation of the amount as the Uncollectible Accounts Expense on its Year 2 income statement is given below:

Allowance account - Beg year 2    $3,600 Credit

Written off account   $6,600    Debited by

 Unadjusted balance in Allowance account  $3000  Debit

Adjusted balance required in Allowance account  $5,600  Credit

Uncollectible account expense  $8,600

6 0
3 years ago
he following information for Cooper Enterprises is given below: December 31, 2021Assets and obligations Plan assets (at fair val
gavmur [86]

Answer:

the amortization of Other Comprehensive Loss for 2022 is $38,370

Explanation:

The computation of the amortization of Other Comprehensive Loss for 2022 is shown below;

= (Accumulated other comprehensive loss - 10% of Projected benefit obligation)  ÷ given no of years

= ($503,700 - 10% of $1,200,000) ÷ given no of years

= ($503,700 - $120,000) ÷ 10 years

= $38,370

hence, the amortization of Other Comprehensive Loss for 2022 is $38,370

The same would be considered

7 0
3 years ago
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