3 years ago

What is your typical approach in a new, ambiguous work situation?

1 answer:

7 0

My typical approach would be different from many other peoples, but sense one of the meanings of ambiguous is to be unclear, uncertain, or vague, then i would say that my typical approach would be to try and make the situation make more sense.

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Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston:

Furkat [3]

Answer

Price elasticiy of demand for business travelers: -0.16

Price elasticity of demand for vacationers: -0.29

Explanation:

To find the price elasticy of demand (PED) using the midpoint method, we use the following formula:

$PED = \frac{(Q2-Q1)/[(Q2+Q1)/2]}{(P2-P1)/[(P2+P1/2]}$

Where Q2 and P2 are the new quantity demanded and new price respectively, and Q1 and P1 are the old quantity demanded and price.

Plugging the amounts into the formula we obtain the results of the answer.

Because both results are in absolute value less than one (0.16 and 0.29), we can say that the PED of tickets, for both vacationers and Business traveleres, is relatively inelastic. (Demand falls less in proportion to the change in price).

4 0

4 years ago

A company purchased a 3-acre tract of land for a building site for $480,000. The company demolished the old building at a cost o

dedylja [7]

Answer:

$513,110

Explanation:

The computation of the cost of the land is shown below:

= Purchase tract of land + demolished cost of old building - scrap of the building + title transfer cost + attorney fees + property taxes - amount covered the period

= $480,000 + $25,000 - $2,800 + $1,550 + $760 + $9,500 - $900

= $513,110

We simply applied the above formula

5 0

3 years ago

If I need to buy groceries and I need 200 dollars, but I only have 30. How will I get more money?

liberstina [14]

Answer:

ugg

Explanation:

serious answer

get a job

not serious answer

eat a raccoon from the trash

5 0

4 years ago

A country is said to be in ____ when the income its residents earn from exports is equal to the money its residents pay to other

Leviafan [203]

Balance of trade equilibrium

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3 years ago

If you start investing a little money now you will most likely have a lot more mone than those who start investing later on in l

Afina-wow [57]

True, usually the earlier you invest the more money you will get later down the road.

7 0

3 years ago

Read 2 more answers