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Leni [432]
4 years ago
5

The price elasticity of demand for tickets to local baseball games is estimated to be equal to 0.89. In order to boost ticket re

venues, an economist would advise:a. increasing the price of game tickets because demand is inelastic.b. not changing the price of game tickets because demand is unit elastic.c. increasing the price of game tickets because demand is elastic.d. decreasing the price of game tickets because demand is elastic.
Business
1 answer:
ankoles [38]4 years ago
5 0

Answer:

The correct answer is option a.

Explanation:

The price elasticity of demand for tickets to a baseball game is 0.89. This means that the demand is relatively inelastic.

Relatively inelastic demand means that a change in price will lead to a less than proportionate change in quantity demanded.

So at this point, if the price of tickets is increased, the decrease in price will be less than proportionate. This will lead to an increase in revenue and hence profits.

So to increase the revenue price of tickets should be increased.

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Jane receives an email claiming that her bank account information has been lost and that she needs to click a link to update the
Anna007 [38]

Answer:

<em>Phishing</em>

Explanation:

Phishing is a cyber attack, in which hackers and other criminals try to gather personal data like passwords, photographs, money, access to cloud files, etc. via deceptive emails with links, sent to thousands and thousands of people.

If Jane clicks and provides her passwords, and other personal information into a form, trusting it is a legitimate bank , then She may lose all her money and have many other problems like a cloned credit card, privacy, etc.

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3 years ago
A major casual dining chain decided to install tablet computers at the booths in their restaurants. Customers can now browse the
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<u>Answer:</u> They can best be classified as structurally unemployed.

<u>Explanation:</u>

Unemployment which has resulted because of the change in technology that is implemented in a business can be called as the structural unemployment. The skills demanded by the employers differs from the skills offered by the workers.

The casual dining has replaced the employees with tablets which is cost beneficial for the business. The employees who have lost their jobs due to technological change at workplace is called as structural unemployment. Here the casual dining is said to have industrial reorganization for various benefits.

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4 years ago
Aggregating potential car buyers into groups that have common needs and will respond in the same way to a marketing mix is a pro
denpristay [2]

Answer:E-Market Segmentation

Explanation:

4 0
3 years ago
Toyota, the giant global automaker, paid a heavy price for its ___________ emphasis on cost control. The resulting problems with
Dafna1 [17]

Answer:

The options for this question are the following:

A. Minimal

B. Superficial

C. Low-budget

D. Excessive

The correct answer is D. Excessive.

Explanation:

In this case, it is useful to consider that cost control is the procedure that allows companies to carry out the regulatory and protection processes against what the client expects to receive. Toyota is a well-known brand, and poor cost management can have an impact on the inflation of its costs and therefore the price of its cars rises considerably. Excessive costs negatively influence the companies' results, and therefore their correct management influences optimal results for the operation.

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3 years ago
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SOMEONE HELP ME ASAP!!!! how can government create more employment​
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Answer: reduce interest rates, spend on public works, spend unemployment benefits, and cut business payroll taxes for new hires.

Explanation: reducing interest rates can let banks lend more money. spending on public works can bring people right to work, to be able to hire construction workers. unemployment benefits help people get jobs and for them not to be homeless. cutting business payroll taxes for new hires will let families keep more money that they made.

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3 years ago
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