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Lyrx [107]
3 years ago
9

A Broadway play company can only charge one price for tickets to a given performance of its play. The company manager notices th

at they earn greater total revenue when they charge a higher ticket price and its theater is three-quarters full than when they charge a lower ticket price and the theater is completely full. It follows that demand for this play is Group of answer choices
Business
1 answer:
Sholpan [36]3 years ago
3 0

Answer:

The correct answer is inelastic.

Explanation:

Inelastic demand is that demand that is not very sensitive to a change in price. In this way, before a variation in the price the quantity demanded reacts in a less than proportional way. For example, if the price increases by 10% and in response the quantity demanded is reduced by less than 10%, then the demand is said to be inelastic.

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Santa Fe purchased the rights to extract turquoise on a tract of land over a five-year period. Santa Fe paid $429,000 for extrac
givi [52]

Answer:

cost depletion expense =  $128700

so correct option is B. $128,700

Explanation:

given data

paid = $429,000

recover = 6,500 pounds

extracted = 1,950 pounds

sold = $277,000

to find out

cost depletion expense

solution

we get here cost depletion expense that is express as

cost depletion expense = \frac{paid}{recover} × extracted   ...........1

put here value we get

cost depletion expense = \frac{429000}{6500} × 1950

cost depletion expense =  $66 × 1950

cost depletion expense =  $128700

so correct option is B. $128,700

5 0
3 years ago
Which one of the following is an example of a "flexibility" option? Group of answer choicesA company has an option to close down
mixas84 [53]

Answer:

A company agrees to pay more to build a plant in order to be able to change the plant's inputs and/or outputs at a later date if conditions change.

Explanation:

Real option analysis

This is simply described as a form of an analysis of capital budgeting projects. It is often used by managers so as to influence the size and riskiness of a project's cash flows. And this can be done only by taking different actions or at the end of the project's life.

It uses the usual NPV capital budgeting analysis along with an analysis of opportunities as a result of manager's responses to changing circumstances that can change a project's outcome.

Examples of Real Options

1. Investment timing

2. Abandonment/shutdown

3. Flexibility

4. Growth/expansion

Flexibility Option

This type of re option simply allows operations to be changed based on how conditions change during a project's life. It is said to exists when it is useful spending money today, which therefore helps one to maintain flexibility down the line. That is, either inputs or outputs (or both) can be altered.

3 0
3 years ago
What do you think makes codes of conduct successful in managing industrial relations in MNEs?
poizon [28]

What makes codes of conduct successful in managing industrial relations in MNES is the standardization of a global code of conduct that incorporates a set of principles and missions that guide and motivate employees.

Well-structured codes of conduct are effective in creating a sense of belonging in the management of industrial relations in MNEs, bringing together across different corporate cultures the sense of unification and support of work.

Therefore, a global code of conduct will assist in guiding and strategically controlling the operations of MNEs, to ensure compliance with positive conduct practices in the global market.

Learn more here:

brainly.com/question/18880818

4 0
3 years ago
Rains Company purchased equipment on January 1 at a list price of $125,000, with credit terms 2/10, n/30. Payment was made withi
klio [65]

Answer: $135,950

Explanation:

Given the following

List price = $125,000

2% discount if payment is made within 10 days

Sales tax = $6,250

Installation charges = $2,200

Concrete slab = $5,000

Total sales = [(100 - 2)% × list price] +sales tax + installation charges + concrete slab

Total sales =( 98% × 125,000) + 6250 + 2200 + 5000

Total sales = $(122,500 + 6250 + 2200 + 5000)

Total sales = $135,950

8 0
3 years ago
If a seller wants to increase revenue from the sale of a product with a price elasticity of demand coefficient of 1.6, then the
Zielflug [23.3K]

It is an elastic good and to increase the revenue, the producer should decrease the price of the good.

<u>Explanation:</u>

The good that has a price elasticity of demand with a coefficient of 1.6, the good is said to have elastic demand. For such a good, the producer should decrease the price of that good to increase its revenue. With the decrease in the price, the demand of the good will increase significantly. This will help him increase his revenue.

6 0
4 years ago
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