Answer:
a) Hotel Rooms are inelastic because hotel rooms are fixed in supply and it take large amount of time to expand the number of rooms. (b) Taxi rides are elastic because the ride increase or decrease their duty time according to...
Explanation:
Answer Marginal revenue is the amount of revenue one could gain from selling one additional unit. Marginal cost is the cost of selling one more unit. If marginal revenue were greater than marginal cost, then that would mean selling one more unit would bring in more revenue than it would cost.
Explanation:
They are native to South America
Answer:
Photo processing is no longer in demand as a career because digital technology has largely replaced the use of film.
Explanation:
Careers like photo processing are no longer in high demand because technology has advanced and now photos being taken are largely digital format and this had done away with a lot of the need to process photos manually using chemical agents. The principal means of processing photos using a gelatin-silver process required soaking the photo in a series of different baths like the developer bath, the stop bath, and the fixer bath. Gelatin silver printing has been the most common process for photographers to develop black and white photographs since the 1890s when photography started to become more widespread and commonplace. Digital photography has revolutionized the way that the average person takes photographs and there is no longer much demand at all for cameras that use old-fashioned film.
