Incomplete question, here's the options that complete the questions:
A. external economies
B. the development of superior infrastructure
C. an abundant supply of skilled labor
D. New York City has one of the largest sea ports in the world
Answer:
<u>A. external economies</u>
Explanation:
The summarizing reason for this unique advantage of New York City is the influence of external economies. The population is made up of <u>a large number of foreign businesses </u>which plays a role in New York's local economy and has placed it as the financial capital of the world.
This has thus given the city comparative advantage.
Answer: False these are the things that draw in customers if they have good rates they would be happy to tell you.
Answer:
The correct answer is letter "B": Reduce the ticket prices for the afternoon shows and increase the ticket prices for the evening shows.
Explanation:
Price elasticity of demand is a characteristic of goods and services by which the quantity demanded changes in front of changes in their price. <em>It is calculated by dividing the percentage change in quantity demanded by the percentage change in price</em>. If the result is equal to or greater than one (1) the demand is elastic. If the result is lower than 1, the demand is inelastic.
Thus, <em>in an attempt to increase revenue out of movie tickets sales, if the demand for movie tickets is elastic in the afternoon it implies that changing the price would significantly change the quantity demanded. Then, it would be convenient to lower the tickets cost so the quantity demanded increases in the afternoon -demand law.
</em>
Then,<em> if the demand for movie tickets is inelastic in the evenings, it means changes in prices do not change the quantity demanded. So, increasing the price of movie tickets in the evenings would not change the quantity demanded.</em>
Answer:
The the value of the ending Finished Goods Inventory $24,628,50
Explanation:
See attached file
Answer: $100,000 less
Explanation:
Since we are informed from the question that the real estate developer is offering identical houses for sale for $350,000 each, and has 20 willing customers, this means that current revenue will be:
= $350,000 × 20
= $7,000,000
By lowering the price, the revenue made will be:
= $300,000 × 23
= $6,900,000
The difference is
$7,000,000 - $6,900,000
= $100,000 less.