Answer: build traffic.
Explanation:
The pricing model employed by such gas stations is built in a way to drive traffic. traffic is important and has an impact in many ways 1. low traffic can bog your business down at some level.
2. When you increase your traffic along with the quality of the visitors, the better you will be able to increase your sales.
traffic in this context refers to customers the more you are able to pull customers over the more sales you make.
Answer: The Demand should be in elastic
Explanation:
Peacock hotel rooms are a normal good and they have a negative price elasticity of demand, meaning a decrease in price of hotel rooms per night will increase quantity of hotels rooms demanded for Peacock.
Peacock is considering decreasing Prices to $ 175 per unit, for this decrease in Prices to lead to a decrease in total revenue, The demand for Peacock hotel rooms should be inelastic. When the demand for Peacock hotel rooms is inelastic a decrease in price to $ 175 will lead to a small change in the quantity of hotel rooms demanded for Peacock which will then lead to a decrease in Total Revenue.
Answer:
$4,000
Explanation:
The net profit of the publisher over the useful life of the 160-unit lot of textbooks is the difference between his selling price to the bookstore and the cost incurred multiplied by the number of unit.
Hence the net profit of the publisher
= 160( $50 - $25)
= 160 * $25
= $4,000
Answer:
![\left[\begin{array}{cccc}&$mow grounds&$paint garage&$Differential\\$Revenue&1400&1360&\\$Cost&-160&-80&\\$Net &1240&1280&-40\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26%24mow%20grounds%26%24paint%20garage%26%24Differential%5C%5C%24Revenue%261400%261360%26%5C%5C%24Cost%26-160%26-80%26%5C%5C%24Net%20%261240%261280%26-40%5C%5C%5Cend%7Barray%7D%5Cright%5D)
It is better to paint the garage this week as provide better relevant yield.
Explanation:
The 1,000 invested in the law mower ware sunk cost as it is already incurred. After this week we will be still be able to take jobs ralated to the lawn mower.
We must base our analysis in the future cost associate with each alternative.
These are the revenue of each job and the additional cost.
The transportation as they are equal to both alternative are disregarded.
Answer:
4) GDP will tend to increasingly understate the level of output through time.
Explanation:
The GDP includes all the final and legal goods and services produced within a country during a year, and underground economies usually involve illegal activities. Since the GDP does not include underground activities (e.g. unreported income, illegal drugs, prostitution, gambling, etc.), it will understate the true level of economic activity.
The GDP only includes activities that are subject to taxes, but some economists estimate that the size of the US underground economy is between $2.25 trillion to $2.46 trillion.
