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vfiekz [6]
3 years ago
13

You manage a popular nightclub, and lately revenues have been disappointing Your bouncer suggests that raising drink prices will

increase revenues. Your bartender suggests that decreasing drink prices will increase revenues. You aren't sure who is right, but you do know that:
a) Your bouncer thinks the demand for drinks is elastic and the bartender thinks the demand for drinks is inelastic.
b) Your bouncer thinks the demand for drinks is inelastic and the bartender thinks the demand for drinks is elastic.
c) Both the bouncer and bartender think the demand for drinks is elastic.
d) Both the bouncer and bartender think the demand for drinks is inelastic.
Business
1 answer:
Anna35 [415]3 years ago
4 0

Answer:

The correct answer is option b.

Explanation:

The manager of a nightclub wants to increase the revenues. The bouncer suggests increasing the price of drinks while the barender suggests decreasing the price.

An increase in the price of drinks will cause the revenues to increase if the demand for drinks is inelastic. The increase in the price will cause a less than proportionate decrease in the quantity demanded. In this situation, a price rise will increase revenues as well.

While a decrease in the price of a product will cause the revenues to increase if the demand is elastic. In this situation a decrease in the price will cause a more than proportionate increase in the quantity demanded. As a result, the revenues will increase.

This implies that the biuncer thinks the demand for drinks is inelastic while bartender thinks it is elastic.

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A company estimates that the appropriate discount rate (i.e., the cost of capital) for Project A, Project B, Project C and Proje
aliina [53]

Answer:

a. Project A requires an up-front expenditure of $1,000,000 and generates a net present value of $3,200.

Explanation:

a.

The company should accept project A because it provides a positive net present value of $3,200 that is the highest among all the projects.

b.

When the IRR of a project is lower than the required rate of return of the project, it will generate the negative net present value because at IRR the net present value of the project will be zero and at a higher rate than IRR it will be negative.

c.

The project with a profitability index of less than 1 generates a negative NPV because the present value of future cash flows is less than the initial cash outflow.

d.

Project D also generates a positive net present value but it is lower than project A. So, after comparing the results we will choose the project with higher NPV.

4 0
3 years ago
When faced with the option of beginning a new venture you should always select the time that results in the:______.
kap26 [50]

When faced with the option of beginning a new venture you should always select the time that results in the highest NPV.

The important thing assumption we ought to make in entrepreneurship is the idea that the handiest way to do matters right is to do them yourself. because of this, we need to take dangers and also need confidence in our talent set so we can produce satisfactory work while at the same time maintaining a tremendous mindset.

Someone who undertakes the chance of starting a new enterprise task is referred to as an entrepreneur. An entrepreneur creates a firm to realize their idea, called entrepreneurship, which aggregates capital and labor on the way to produce goods or services for profit. Entrepreneurship is the willingness and potential to establish, organize and control a business and take economic dangers to make earnings. An Entrepreneur is an innovator who brings in new ideas to create a hit business assignment.

Learn more about Beginning a new venture here:-brainly.com/question/19260136

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3 0
2 years ago
member of the production team skilled in research and analysis, who helps actors, designers, and directors better understand the
monitta

Answer:

Dramaturg

Explanation:

Dramaturg is the term which is defined as the editor or the literary adviser in the film company, theatre or opera, who researches, texts, selects, interprets scripts and printed programmes, does the public relations work.

So, in this case, the member of the production team who helps the directors, actors as well designers to better understand the specifications of the play is referred to the Dramaturg.

4 0
3 years ago
Which of the following is NOT one of the biggest B2C catalogers? a. The Limited b. Sears c. Williams-Sonoma d. JCPenney
Anna71 [15]

Answer:

The correct option is;

a. The Limited

Explanation:

Business-to-Consumers or B2C is the means by which  company products and services are sold directly to the end-users or consumers. B2C companies are those that deal directly with the end users

Sears, has over 400 outlets, Williams-Sonoma,  is a publicly listed company that deals on home furniture and kitchen ware products   and J. C. Penny is also a listed department store chain having 840 locations o outlets.

8 0
3 years ago
Mona is induced by her guardian Newt to sign a contract to invest her student loan funds in OptiBank through Newt's investment f
alukav5142 [94]

Answer:

A. Undue influence

Explanation:

Undue influence in law of contract is when a person uses his or her position of power to take advantage over another person. It is an act of influencing the other party in a contractual relationship. There must be a relationship between both parties before undue influence can take place.

In law of contract, if a person is a victim of undue influence, the person has the right to rescind the contract provided same can be proven in a court of law.

Example of undue influence is when a person is not given parts of properties due to him or her in a family's will, whereas he or she is entitled to it.

6 0
4 years ago
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