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krok68 [10]
4 years ago
14

g Let D1 represent the demand curve for premium seats to the Broadway hit Hamilton, and let S1 represent the supply curve for th

ese seats. If the producers of the show charge $497.50 for a premium seat, the scalpers will charge (a) $ , which is (b) $ more than the price listed at the theater box office (give your answer to two decimals).
Business
1 answer:
natali 33 [55]4 years ago
3 0

Answer:

(a) $ 1200

(b) $ 702.5

Explanation:

In the demand and supply curve, the price of goods and services changes with respect to market conditions such as scarcity and consumers' needs. In the problem, if the producers charge about $497.50, the scalper will definitely charge a price higher than that of the producers, in this case, $1200. Thus, this is $702.5 (i.e. $1200 - $497.50) more than the producers' charge.

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3 years ago
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7.The firm has an inventory period of 84.6 days, an accounts payable period of 43.2 days, and an accounts receivable period of 4
Pavel [41]

Answer: 126.3 days.

Explanation:

The Operating Cycle essentially refers to how long it takes a business to convert inventory to cash. The entire period between production, to selling to recovering money from Receivables is incorporated here.

The formula therefore is,

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4 0
3 years ago
For an activity classified as a hobby, the expenses are categorized as follows:
wlad13 [49]

Answer:

Option C is correct.

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Explanation:

(2) Amounts deductible under other Code sections without regard to the nature of the activity, such as property taxes and home mortgage interest. should be deducted first

(3) Amounts deductible under other Code sections if the activity had been engaged in for profit, but only if those amounts do not affect adjusted basis (e.g., maintenance, utilities, and supplies). are deducted next

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5 0
3 years ago
According to the United Nations' Human Development Index, many countries with very high development are located in _____.
Lilit [14]
The answer is Europe and Australia.
 
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3 years ago
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You work as a financial consultant for a major national company. One of your clients, Kay, comes in to talk to you about a new i
PolarNik [594]

Answer:

Under government bankruptcy laws of the United States, anybody can declare financial insolvency in order to look for help from leasers. In any case, this comes to the detriment of harming one's financial assessments for quite a while (now and then upto a multi year time span) alongside bringing about critical lawful,, procedural and court charges.  

That being stated, liquidations are significantly troublesome procedures essentially in light of the fact that loan bosses would not need any account holder to take the easy way off in the event that the indebted person wouldn't like to restitution. This is considerably progressively evident if there should be an occurrence of understudy advances where the borrower (Kay for this situation) needs to demonstrate without sensible uncertainty that he/she would confront "undue hardship" in the event that he/she were to continue with credit reimbursements. The "undue hardship" demonstrating part is available to an assortment of understandings, rounds of questioning and lawful examination by the courtroom. Most courts use the "Brunner Test" to decide an indebted person's qualification for understudy advance release. The key arrangements of the test are set somewhere around the United States Department of Education's, Federal Student Aid Office as given beneath:  

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(c) The borrower has taken a stab at reimbursing his/her understudy advance in accordance with some basic honesty up until this point.  

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