Answer:
1. This is true because demand in market A is more inelastic which means demand curve and marginal revenue curve are steeper in this market. at any quantity marginal revenue will be higher in market A than in market B
2. This is true because market where demand is inelastic have a higher price. This is because revenue is increased when higher price is charged in market with inelastic demand.
3. This is false/uncertain because when price is higher in market a the quantity will be lower relativity. This is due to the downward sloping demand function in which price is increased quantity will decline.
Explanation:
Answer:
b. a provision relating to the resolution of any dispute.
Explanation:
As the company provides a streaming service that has complex pricing schedules and when the customers make purchases a contract in which both parts have obligations appears, it is important that the terms are clear and one important point is to include a provision relating to the resolution of any dispute that establishes the ways in which a problem that may arise between both parts can be fixed following a procedure that is detailed there to avoid serious issues that can result in spending a lot of money in legal fees.
Answer:
Explanation:
b. thinking at the margin
i think because is is asking for what decision it is
hope this helps some
Answer:
The ticket price that maximizes revenue is $18.10
Explanation:
Hi, first we need to construct the revenue equation in terms of the additional dollar charge (that would be X). That is:


So we expand it:


This is a parabola, and we need to find its vertex, which in our case that would be the maximum additional dollar charge in order to obtain the highest revenue possible, to find the vertex, we need to consider that:

And to find the X-coordenate we have to use the following equation.

In our case, A= -65; B= 1,247.5, so, all should look like this:

That means, we need to make 9.6 increments of $1 in order to obtain the max revenue possible, therefore, the price would be
Price = $8.50 + $1(9.6)= $8.50 + $9.6 =$18.10
Best of luck.
Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay.