Answer:
The price of tee times needs to be decreased by 6.67%.
Explanation:
The manager wants to increase the number of tee times sold by 10 percent.
The price elasticity of demand for tee times is –1.5.
Percentage change in price of tee times to increase the demand by 10%
Price elasticity of demand = 
-1.5 = 
Explanation:
Trade offs are something in which there are two things and we choose one of them according to our own preference or need. This is and should be our personal decision, but when Corporations and Governments decide on what to choose between two things, there would might be a negative impact on someone's life. He might feel controlled by the corporations and governments. For example, if corporations of CNG decides with the government that it is better for consumers to use CNG than Petrol in their cars, and lowers taxes on CNG and encourage consumers to shift towards CNG, then this trade off will have an impact of being controlled by the big giants. The choice should be of consumer's. The consumer should be the one who will trade off between things who are preferable for him.
The reason why business fail is because they find it extremely hard to compete with the well known business. for example a man that opens up a buisiness that sells soap and decides to name the soap and company labbi but everyone goes to dove because it's more well known and been out for years and delivers high quality
Answer:
Christie 's share = $ 37759.09
Jergens Share = $ 47,441
Explanation:
Partner's Profit share are calculated after the deduction of salary or any other interest incomes.
Profit for the current year = $ 163,000
Christie' s Salary $ 69,000
Christie Interest Income $ 3900
10 % 0f $ 390,000
Jergens Interest Income $ 4900
10 % 0f $ 490,000
Profit Balance $ 85,200
Profit Sharing Ratio
Christie : Jergens
390,000: 490,000
39: 49
Christie 's share = $ 85,200 * 39/88= $ 37759.09
Jergens Share = $ 85,200 * 49/88= 47440.9= $ 47,441
Answer:
D) Increase by $68,000
Explanation:
The computation of change in the operating income is shown below:
Sales ( 8,100 widgets × $39) $315,900
Less: Variable cost (8,100 widgets × $29) ($234,900)
Contribution margin $81,000
Less: Increase in fixed assets -$13,000
Net income increased $68,000
We simply applying the above format so that the change in the operating income could be find out. Since the net income is in positive so it shows an increment
