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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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________ advertising may use any advertising medium, but it differs from other types of advertising in that it tries to stimulat
AlekseyPX

Answer:

Direct Response Advertising

Explanation:

Direct response advertising is different from all other forms of advertisements in a way that it stimulates more fast, quick and efficient response from the cosumer. It persuades customers to act rapidly and instantly. Sales can be increased quite fast by using this form of advertisement. Toll free numbers are mentioned, road shows, exhibitions, discount offer sms, free coupons are presented which customers have to cut and send to the company to get them redeemed. This type of advertisement has gained a lot of success now-a-days.

7 0
3 years ago
The Accounts Receivable account has total debit postings of $1,900 and credit postings of $1,100. The balance of the account is
Flauer [41]
Hello there.

<span>The Accounts Receivable account has total debit postings of $1,900 and credit postings of $1,100. The balance of the account is a/an

Answer: </span><span>A. $800 debit. 
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8 0
3 years ago
Read 2 more answers
People who agreed with the argument made in the speech would most likely have recommended which of the following solutions? Sepa
Lostsunrise [7]

Answer:

A stronger government role in the economic system.

Explanation:

A stronger government role in the economic system will enable the increase of job opportunities for white workers. The government will intervene in the organizations and persuade them to hire and provide work to white workers perhaps a quota can be established or a general advice to all the organizations to increase the job opportunities for the white workers.

8 0
3 years ago
Manny, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. In late December he performed $
nordsb [41]

Answer:

Should Manny send his client the bill in December or January?

Send the bill in January because in cash method accounting recognized when payments are made.

In december he recognized only income because is in advance.

Explanation:

The cash method of accounting requires that sales be recognized when cash is received from a customer, and that expenses are recognized when payments are made to suppliers.

6 0
4 years ago
The price that a company charged for a computer accessory is given by the equation mc013-1. Jpg where x is the number of accesso
bezimeni [28]

Using a trial and error method, the other number of accessories the company produced which yields approximately the same profit is <em>A. 1.45 million.</em>

Data and Calculations:

Price for the computer accessory =  100 - 10x^2)

Manufacturing cost = $10

Current production = 2 million

Profit generated based on 2 million accessories = $100 million dollars

= (100 - 10x^2)x - 10x

Where:

y = profit

x = number of accessories (in millions)

Using a trial and error method, replace x with 1.45 million and work out the answer.  This option generates a profit of $100 million like 2 million accessories.

Question Completion:

The price that a company charged for a computer accessory is given by the equation 100-10x^2 where x is the number of accessories that are produced, in millions. It costs the company $10 to make each accessory. The company currently produces 2 million accessories and makes a profit of 100 million dollars. What other number of accessories produced yields approximately the same profit?

Answer Options:

A. 1.45 million

B. 3.45 million

C. 40 million

D. 48 million

Thus, the other number of accessories the company produced which yields approximately the same profit is <em>A. 1.45 million.</em>

Learn more about using the profit function to determine the production or sales quantity here: brainly.com/question/1456472 and brainly.com/question/25395113

3 0
3 years ago
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