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IRISSAK [1]
3 years ago
7

A movie theater finds that when it prices tickets at ​$9​, the theater sells 250 per day. When the price is reduced to ​$8​, the

theater sells 300 per day. Based on this​ information, use the​ average-values formula to find the price elasticity of demand for tickets. Provide the absolute value of the price elasticity of demand.
Business
1 answer:
elena55 [62]3 years ago
8 0

Answer:

The price elasticity of demand is -1.81.

Explanation:

At price level $9 the quantity demanded is 250.

At the price level $8, the quantity demanded is 300.

The price elasticity of demand will be  

= \frac{Change\ in\ quantity\ demanded}{Change\ in\ price}

= \frac{\frac{Q2-Q1}{Q1} }{\frac{P2-P1}{P1} }

= \frac{\frac{300-250}{250} }{\frac{8-9}{9} }

= \frac{\frac{50}{250} }{\frac{-1}{9} }

= \frac{0.2}{-0.11}

= -1.81

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Answer:

A tender offer.

Explanation:

This is simple explained to be the offer put to place to execute a work or even services for a said/given price. These offers are typically said to be done publicly; shareholders in some cases a been put to place to sell their shares for a specified price and within a particular window of time. Target sales orders which are been tabled/offered are been usually placed at certain premium value which are effective in market price and is often contingent upon a minimum or a maximum number of shares sold. In many other cases, tender are seen to be in security forms or other non-cash alternatives are offered in exchange for shares.

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3 years ago
limited government licenses that create a monopoly do so because part 2 a. the license grants a marginal cost advantage. b. the
sammy [17]

Limited government licenses that create a monopoly do so because the license is an entry barrier.

Hence, option C is correct.

What do you mean by monopoly in economics?

Monopoly can be defined as  a situation where there is a dominance of a single seller in the market.  It is opposite to the concept of perfect competition. An unregulated monopoly possesses market power and can influence prices in the overall sector.

The main features revolves around

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  • No Produce Replacement Option
  • Very Difficult to Enter in Market.
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  • Government Driven.
  • Natural Monopoly.

There are usually three types of monopoly

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3 0
1 year ago
Being promoted is likely to change your priorities because you will have _______. a. to begin dressing and acting much more form
frutty [35]

The correct option is b. new responsibilities to learn and people will expect much from you.

Getting promoted is most likely to cause you to reevaluate your priorities as you will have more obligations and higher expectations.

<h3>What is job promotion?</h3>

Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure. Promotion in the context of marketing denotes a distinct form of advancement.

The term "promotion" is used in a variety of settings; two of the most common ones are when talking to a career promotion and when discussing the marketing strategy of promoting a product.

Some key features of promotion are-

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  • For instance, a person who starts out as an analyst at an investment bank might need to serve three years in the this capacity before being given consideration for promotion to a coordinate and control.
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4 0
2 years ago
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barxatty [35]

Answer:

higher unemployment rate

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The economic region, A, where there is the presence of strict union protection laws, is most likely to experience increase unemployment rate compared to region B where there is the absence of strict union protection laws.

Unions most times favor those who are currently employed as opposed to those who are searching for jobs. They try to reduce wage inequality between low and middle wage workers and high- wage workers, this most times leads to increase in wages above the equilibrium level. This further result to the decline of amount of labor required hence leading to unemployment.

4 0
3 years ago
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What is a cash book used for?​
Alinara [238K]

Answer:

to keep track of all business transactions in case of an audit

8 0
3 years ago
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