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Scilla [17]
3 years ago
14

If a university decreases the price of tickets to football games to collect more revenue, it is assuming that the demand for tic

kets is:
Business
1 answer:
Ksivusya [100]3 years ago
3 0
Higher because there is reduction in the list price of tickets for football games.
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Assume that demand for a commodity is represented by the equation P=10−0.2Qd. Supply is represented by the equation P=2+0.2Qs, w
svet-max [94.6K]

Answer:

Equilibrium price=6

Equilibrium quantity=20

Explanation:

P=10-0.2Qd

P-10= -0.2Qd

Qd=p-10/-0.2

Qd=-5p+50

P=2+0.2Qs

P-2=0.2Qs

Qs=p-2/0.2

Qs=5p-10

(a)

Qs=Qd

5p-10= -5p+50

5p-10+5p-50=0

10p-60=0

10p=60

p=6

Equilibrium price=6

Equilibrium quantity

Qd=-5p+50

=-5(6)+50

=-30+50

=20

Qs=5p-10

=5(6)-10

=30-10

=20

Equilibrium quantity=20

(c) Graph has been attached showing the equilibrium price and quantity

8 0
3 years ago
Assuming the use of a 365-day year, Barry Bees, Inc.'s Cost of Goods Sold equals $10,000. A. Its Beginning Inventory was $800, a
Ket [755]

Answer:

The answer is 36.5 days

Explanation:

Average days to sell inventory is the number of days it takes a firm or business to sell its inventories in a year.

(Average inventory/cost of goods sold) x 365 days

Average inventory = ($800 + $1,200) ÷ 2

=$1,000

Therefore, Barry Bee's average days to sell inventory is ($1,000 ÷ $10,000) x 365days

=36.5 days

7 0
3 years ago
The commercial banking system, because of a recent change in the required reserve ratio from 8 percent to 10 percent, finds that
Rainbow [258]
<span>If it is unable to obtain any additional reserves, it must reduce deposits and money supply by $500 Million.  
$50 Million x 10 = $500 Million.
(10% of $500 Million = $50 Million)</span>
3 0
3 years ago
Jason says he would like to exercise more but simply doesn't have the money to pay for a gym membership. His behavioral intentio
FinnZ [79.3K]

Answer:

His behavioral intention is being most affected by <u>Personal Attitude</u>

Explanation:

Behavioral intention is a concept that shows an individual's readiness to perform a given behavior.

This intention could be motivated by a number of factors such as low personal control, low motivation to comply with the wishes of others and vice versa.

However, in the case of Jason, Personal Attitude is responsible for his Behavioral Intention since he is personally motivated towards exercising.

From the question, it is clear that he likes to exercise - a personal attitude.

6 0
3 years ago
Read 2 more answers
If Nike and Adidas merge, it would be a<br> merger
Snowcat [4.5K]

If Nike and Adidas merge, it would be a horizontal merger

<h3>What is a merger?</h3>

A merger can be described as the absorption of one firm by another firm. When a merger occurs, one of the firms involved in the merger ceases to exist. Only one firm would exist.

<h3>What is an horizontal merger?</h3>

An horizontal merger occurs between firms in the same industry. The firms are usually competitors.

Reasons for an horizontal merger include:

  1. To increase the market power of a firm
  2. To achieve economies of scale.

To learn more about mergers, please check: brainly.com/question/1086715

3 0
2 years ago
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