Answer:
Answer is option A, i.e. airlines would charge the same price to each type of flyer.
Explanation:
The elasticity of demand for air tickets by vacationers is generally found higher than that of business travelers. the reason behind this is that there is an ample amount of options as well as time in the hands of vacationers and which is not the case with the business travelers. Business travelers do not opt for other modes of transport other than the airway as this saves their time. Therefore, when one requires to create the same elasticity of demand for both types of flyers, then the prices for all of them should be kept the same.
Answer: Decreasing cost industry
Explanation:
A decreasing‐cost industry is an industry where the costs decrease as there is expansion in the industry. In this situation, the industry's long run supply curve will slope downward because as there is more production of output, minimum average cost of production for every firm decreases with the decrease in costs.
A decreasing cost industry is characterized by the lower costs and prices due to economies of scale and technological advancement.
Answer:
chart of accounts. a list of all account names used to record transactions of a company.
external transactions. transactions the firm conducts with a separate economic entity.
general ledger. all accounts used to record the company's transactions.
journal
posting
T-account
trial balance
accounts
The strike of k is 15 which means that it was very dangerous and the a= 15(6)/5^2