Answer:
The elasticity is about 1.43, and an increase in the price will cause hotels' total revenue to decrease
Explanation:
The formula of the midpoint for the variation of the quantity is 
and for the price is 
. With the variation of the price and the quantity the elasticity formula is ΔQ/ΔP. Replacing the elasticity is -1.43
The price elasticity of the demand is bigger than 1, that means that the demand is elastic, every increase of the price will cause a bigger decrease of the quantity, the revenue will drop because the increase of the price do not compansete the decrease of the quantity.
Compared to IRAs, Keogh plans, and company pension plans, Social Security<span> is the most widely used source of retirement income. It is based on reports that 88 percent of retirees rely on its steady stream of payments. Fifty-five percent of retirees regards Social Security as their major source of retirement income. </span>
Answer:
The income statement
Explanation:
The income statement is the document prepared accountants showing the earning of a company at the end of a financial year. The income statement is the profit and loss statement. It tells the business owners and other stakeholders how much profits the business has made. The income statement communicates vital information regarding business performance, such as total revenues, gross profits, and net expenses.
The income statement does not give all the business the information. Accountants will also prepare the balance sheet. A balance sheet shows the assets and liabilities of the business.
A cash flow statement is also prepared. It shows how much cash is available to pay bills, salaries, and debts.
Answer:
mid-calorie soft drinks such as Pepsi Next (2012) have not been successful in the past.
Explanation:
The new Pespsi true is a great product that offers the advantage of having the same flavor as Pepsi but lower calorie content of only 60 calories. This should sell well with consumers that are looking for lower calorie options.
However if there was a similar product like Pepsi True called Pepsi Next in 2012 that was mid-calories and was not successful, this could be a show stopper. People's perceptions of Pepsi Next will affect Pepsi True as they will feel it is just a repackaged Pepsi Next.
This will most likely lead to failure of the product similar to what happened with Pepsi Next.
Amazon. One of the largest online shopping websites in the world. The site is widely known for its wide selection of books, although the site has expanded to sell electronics, music, furniture, and apparel. ... Amazon was founded in 1995 by Jeff Bezos and is based out of Seattle, Washington.
