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Nadusha1986 [10]
3 years ago
5

The price of stadium seats at a baseball game increases from $20 to $30 and ticket sales fall from 45,000 per game to 35,000 per

game. If other things remained constant, then it appears that the price elasticity of demand is:
Business
1 answer:
Xelga [282]3 years ago
8 0

Answer:

Inelastic

Explanation:

Price Elasticity of demand is the a measure which is used to show the responsiveness of the quantity to its price.

Price Elasticity of demand = Change in quantity / Change in price

% Change in quantity = ( 45,000 - 35,000 ) / 45,000 = 22.22%

% Change in price = ( 20 - 30 ) / 20 = -50%

Price Elasticity of demand = Change in quantity / Change in price

Price Elasticity of demand = 22.22% / -50% = -0.4444

As the answer is less than 1 so, demand is Inelastic.

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A manager needs to have summary sales information by product line available to her on a timely basis when purchasing decisions n
juin [17]

Answer:

Management information

Explanation:

From the question we are informed about instance, whereby A manager needs to have summary sales information by product line available to her on a timely basis when purchasing decisions need to be made. In this case, The type of information system most likely to provide this type of information would be classified as a Management information. Management information system can be regarded as a an information system that is been used in decision-making as well as in the coordination, control and analysis or visualization of information in an organization.

Studing of management information systems encompass the people as well as the processes and technology as regards an organizational context.

3 0
2 years ago
A supermarket places its store brand of blackberry jam priced at $5 per jar in the fruit preserves aisle, alongside the jam jars
soldier1979 [14.2K]
Raising the prices of their jam after people start buying it because they will want that jam no matter the price if they even relize it has gotten more expensive
6 0
3 years ago
Six years ago, James Corporation sold a $100 million bond issue to expand its facilities. Each debenture has a $1,000 par value,
Sauron [17]

Answer:

present value = $848.29

so correct option is c) $848

Explanation:

given data

bond sold = $100 million

time = 6 year

future value = $1,000 par value

original maturity = 20 years

years to maturity left = 14 years

annual coupon rate = 11.5%

require return = 14%

to find out

what price would you pay today for a James bond

solution

we get here first interest amount that is

interest = future value × annual coupon rate  × 0.5

interest = 1000 × 11.5% × 0.5

interest = $57.50

and rate = \frac{0.14}{2}

rate = 7%

now we find present value by

PV(Rate,nper, pmt, FV)

PV ( 7%, 28, 57.50,1000)

present value = $848.29

so correct option is c) $848    

6 0
3 years ago
We observe that total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units. Which of the follow
iren2701 [21]

Answer:

c. Fixed Cost = $300

Explanation:

Because marginal cost is constant we can find the variable cost per unit and then subtract the total variable cost from the total cost in order to find the fixed cost. The firms total cost increase $300 (from 1500 to 1800) when output increases by 10 units (from 40 to 50), so the variable cost per unit is 300/10=30.

Now to calculate the total variable cost we will multiply variable cost per unit by the number of units.

50*30= 1500

Now we will subtract 1500 from 1800 in order to find the fixed cost.

1800-1500=300

Fixed cost is $300.

7 0
3 years ago
What are the disadvantages of centralization of authority
andrew-mc [135]

Answer:

abuse of authority.

not smooth functioning.

3 0
3 years ago
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