Answer:
To increase its revenue, transit authority should lower the fare.
Explanation:
The 'elasticity of demand' measures the change in consumers response in quantity he demands as a result of the change in price, other factors remaining same.
A product is called elastic if with the increase or decrease in price, there is a drastic change in the quantity demand of the product. If the transit authority will lower its fare, then their revenue will increase as the elasticity of demand for bus trip is 1.2. By lowering the fare, the demand would increase and their revenue will increase.
By being friendly and decent
Answer:
PV= $9,355.78
Explanation:
Giving the following information:
If $ 9,000 is invested in a certain business at the start of the year, the investor will receive $ 2,700 at the end of each of the next four years.
Interest rate= 6%.
First, we need to find the final value
FV= {A*[(1+i)^n-1]}/i
A= payment
FV= {2,700*[(1.06^4)-1]}/0.06= 11,811.46
Now, we calculate the present value:
PV= FV/(1+i)^n
PV= 11,811.46/1.06^4= $9,355.78
Answer:
A. Time series
B. Cross Sectional
C. Panel
D. Cross Sectional
Explanation:
(a) Quarterly data on the level of U.S. new housing construction from 2000 to 2018, Time series data, numerical
(b) Data on number of doctor visits in 2018 for a sample of 192 individuals. Cross sectional data, numerical
(c) Data on annual health expenditures for each U.S. state from 2000 to 2018. Panel Data, Numerical
(d) Data on usual mode of transportation used to commute to work for a sample of 151 individuals. Categorical
Answer:$4.44
Explanation:
Net income after tax is $600,00 less 20% =$480,000
Total shares for diluted eps 90,000+18,000= 108,000
Diluted eps= 480,000/108,000
= $4.44
.
