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Afina-wow [57]
3 years ago
6

Providers cannot maintain inventories of their services, leading them to vary prices according to demand. For example, most hote

ls charge more for lodging during holiday seasons than at other times of the year. This distinguishing characteristic of services is known as:
Business
1 answer:
hram777 [196]3 years ago
5 0

Answer:

Perishability

Explanation:

Perishability describes how business services cannot be stored. As we all know, we've defined services as offering of an intangible commodity for sale. This intangible commodity can neither be stored, saved, returned or resold after they've been used. Thus, perishability in terms of services refers to how businesses cannot be stored for sales in the future. In this case, hotels tend to charge less during other times of the year as they cannot store their services to be rendered only in the holiday times of the year.

You might be interested in
For the first time in two years, Big G (the cereal division of General Mills) raised cereal prices by 4 percent. If, as a result
bearhunter [10]

Answer:

b. inelastic

c. Yes - it decreased

Explanation:

Elasticitiy of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded/ percentage change in price

= -2/4 = -0.5

The absolute value is 0.5

If the absolute value of the coffiecnet of elasticity of demand is less than one, demand is inelastic.

Demand is inelastic if a change in price has no effect on quantity demanded .

We can tell that the quantity demanded fell because of the negative sign in front of the percentage change in quantity demanded.

I hope my answer helps you

7 0
3 years ago
The beginning Cash account balance is $38,700. During the period, cash disbursements (outflows) totaled $144,600.
anzhelika [568]

Answer:

D. $157,100

Explanation:

                                                                                  Amount in $

Beginning Cash account balance                           38,700

Cash disbursement (outflows)                                 (144,600)

Cash inflows                                                           <u>     xxxx        </u>

Ending balance                                                      <u>     51,200     </u>

<u />

Cash inflows =  51,200 + 144,600 - 38,700

                      =  $157,100

The right option is D. $157,100.

7 0
3 years ago
Seth borrows X from Tina and agrees to pay it back over 20 years using the sinking fund method. At the end of each year, Seth wi
guapka [62]

Answer:

The outstanding balance immediately after 12 years is $5,071.34.

Explanation:

Amount available in sinking fund account at the end of 12 years is given by:

( S ) = D*( (1+r)12 - 1 )/r

Where :

D = annual deposit at the end of every year = $ 400

r = interest earned on the depost = 3%

then:

S = 400 * ( ( (1+3%)12 - 1 ) / 3%)

   = $ 5,676.81

it is also mentioned that the sinking fund amount balance at the end of 20 years should be equal to repay the principal amount borrowed

so, sinking Fund at the end of 20 years would be :

T = D * ( (1+r)20 - 1 ) / r

   = 400 * ( ( (1+3%)20 - 1 ) / 3%)

  = $ 10,748.15

So, Seth has borrowed $ 10,748.15 from Tina which has to be paid at the end of 20 years.

At the end of 12 years his sinking fund balance would be equal to $ 5,676.81

As, he keeps paying interest regualarly every year at the end of 12 years the outstanding balance would be

= (Total amount borrowed) - (Sinking Fund at the end of 12 years)

= $ 10,748.15 - $ 5,676.81

= $ 5,071.34

Therefore, The outstanding balance immediately after 12 years is $5,071.34.

3 0
3 years ago
A job application is a form used to make a job request. (3 points)<br> True<br> False
TEA [102]

Answer:

I would say it is True.

Explanation:

A job application <em>form</em> states your personal information

4 0
3 years ago
Linda loves buying shoes and going out to dance. Her utility function for pairs of​ shoes, S, and the number of times she goes d
padilas [110]

Answer:

See Explanation

Explanation:

Given

U(S,T) = 2ST

M_U_S =2T

M_U_T=2S

The following details are omitted from the question

P_S= \$50 --- Price of the Shoes

P_T = \$50 --- Spent on dancing

B = \$500 --- Budget on shoe and dancing

Solving (a): Her budget line

First, we determine her budget equation (B).

This is calculated by:

B = P_S * S + P_T *T

This gives:

500 = 50 * S + 50 * T

500 = 50 S + 50 T

Divide through by 50

10 =S + T

S + T = 10 --- The budget equation

<em>See attachment for the budget line equation</em>

Solving (a): Optimal Consumption Bundle Point

First, we determine the marginal rate of substitution (MRS) using:

MRS = \frac{MU_s}{MU_t} = 1

MRS = \frac{2S}{2T} =1

This implies that:

\frac{2S}{2T} = 1

Cross Multiply

2S = 2T * 1

2S = 2T

Divide by 2

S = T

Substitute T for S in the budget equation

T + T= 10

2T = 10

T=5

Recall that:

S = T

S = 5

So, the point if optimal consumption bundle is (5,5)

<em>See attachment for point R</em>

5 0
3 years ago
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