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Evgen [1.6K]
3 years ago
6

The general manager of the local hockey team hires you to help maximize the team's total revenue. She explains that most costs a

re constant because the entire staff must always be available in case the arena reaches its maximum capacity. If your task were to maximize total revenue from ticket sales, then your advice to the manager would be to set the ticket price
Business
1 answer:
den301095 [7]3 years ago
3 0

Answer:

My advice to the manager is to set the tichet price as close as possible to the point where the price elasticity of demand equals 1

Explanation:

The PED shows the responsivenes of the quantity of a good or service to a change in its price when nothing  changes but the price.

Is the percentage change in the quantity demanded of a good or service divided by the percentage change in the price.  

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Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Pro
Black_prince [1.1K]

Answer:

$28,600

Explanation:

Both sales and variable cost are dependent on the number of units sold.

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.

As such, the net operating income/loss is the difference between the sales and the total costs.

The company's net operating income (loss)

= $42,300 + $94,700 -  $108,400

= $28,600

8 0
2 years ago
Outline the differences between chain stores and departmental stores.​
dlinn [17]

Answer:

For chain stores, prices are uniform in all branches while for departmental stores, each department sets its own price. Chain stores sell similar goods while departmental stores deal with different line of goods.

Explanation:

4 0
3 years ago
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To allocate scarce goods and resources, a market economy uses . This means that individuals will get the goods and services if t
4vir4ik [10]

Answer:To allocate scarce goods and resources, a market economy uses non-price rationing preferential treatment price rationing . this means that individuals will get the goods and services if they have the ability to pay meet the government's requirements stand in line at the store.

Explanation: hope this helps u! (:

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3 years ago
What is the maximum amount that OSHA can impose as as penalty on an employer for each willful violation
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For each willful violation $129,336 per violation
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If marcus won a bet by predicting the point spread for the super bowl and claimed it was due to his understanding of probability
Lera25 [3.4K]

The answer is <u>"self-serving bias".</u>


A self-serving bias is the normal habit for a man assuming praise for positive occasions or results, yet reprimanding outside elements for negative occasions. This can be influenced by age, culture, clinical conclusion, and the sky is the limit from there. It has a tendency to happen broadly crosswise over populaces.  

Self-serving bias happens in every extraordinary sort of circumstances, crosswise over sexual orientations, ages, societies, and more.

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