Answer and Explanation:
(a) ε = %ΔQ/%Δp
= ((200,000 − 250,000)/250,000)/((12 − 10)/10)
= −1.00.
Demand is unit elastic since | ε | = 1.00. Alternatively, if a price increase of 20 percent leads to a 20 percent decline in ticket sales, the elasticity is −20/20 or −1.00.
(b) The price increase is not a good idea . Total revenues have fallen from $2,500,000 = (250,000)(10) to $2,400,000 = (200,000)(12). Anytime elasticity is greater than one, an increase in prices will result in a drop in total revenue.
Command – decisions are made with no involvement.
Consult – invite input from others.
Vote – discuss options and then call for a vote.
Consensus – talk until everyone agrees to one decision
Answer:
I RLLY NEED THESE POINTS IM SO SORRY!
Explanation:
Answer:
$7,900 million
Explanation:
The computation of the merchandise purchase is shown below:
Cost of goods sold = Opening inventory + Purchase - ending inventory
$7,900 million = $9,100 million + Purchase - $9,100 million
So, the purchase amounted to $7,900 million
We simply applied the above formula so that the purchase of merchandise could come
Answer:
b. Hang Seng
Explanation:
Hong Kong's Hang Seng Index Futures and Hang Seng China Enterprises Index Futures operate with a contract multiplier of HK$50 (50 Hong Kong dollars) per point.
The Mini-Hang Seng Index Futures and the Mini-Hang Seng China Enterprises Index Futures operate with a contract multiplier of HK$10 per point.