Answer: A correlation of 1.00 among demand in two
Explanation:
Economic profit refers to the profit earned by deducting the implicit cost and the explicit cost from the total revenue.
Economic Profit = Total revenue - (Explicit cost + Impllicit Cost)
where Total Revenue = $100,000
Explicit Cost = $2000 + ($25000*10%) = $4500
Implicit Cost = $70000 + $10000 = $80000
Economic Profit = $100,000 - ($4,500 + $80,000)
Economic Profit = $100,000 - $84,500
Economic Profit = $15,500
Hence, Sid's Economic Profit is equal to $15,500
Based on the carrying capacity of the pond and the current fish population, the expected population size after one year is 417 fish.
<h3 /><h3>What is the expected population size after one year?</h3>
This can be found as:
= Population + (rate of increase x population x (Carrying capacity - population / carrying capacity)
Solving gives:
= 250 + (0.8 x 250 x ( 1,500 - 250 /1,500))
= 417 fishes
Find out more on expected population size at brainly.com/question/1941526.
The coach has created a practice schedule on his own, and many of the players are upset about it. The coach developed this schedule from his own research and ideas, and he believes the players should follow along and work with this new goal. The motivational theory that this scenario represents is McGregor's Theory X of Motivation.
<h3>
What is McGregor's Theory X of Motivation about?</h3>
Managers who accept Theory X believe that if you believe that your team members dislike their work, have little motivation, need to be watched every minute, are incapable of being accountable for their work, avoid responsibility, and avoid work whenever possible, you are likely to use an authoritarian management style.
According to McGregor, this technique is highly "hands-on" and frequently entails micromanaging people's work to ensure that it is completed correctly.
Theory X emphasizes the value of increased monitoring, external rewards, and punishments, whereas Theory Y emphasizes the motivating role of job satisfaction and encourages employees to tackle jobs without direct supervision.
Learn more about McGregor's Theory X of Motivation:
brainly.com/question/28079523
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Answer:
d. Need more information.
Explanation:
Demand elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of price changes.
When calculated, elasticity reaches values that signal consumers' response to price. If elasticity is a value between 0 and 1, then demand is inelastic - little sensitive to price changes. If demand is greater than 1, this means elastic - very sensitive to price changes.
The numbers presented by the question show a highly elastic demand for theater ticket prices in both cases, especially in the afternoon shift. Thus, the theater could lower the price of both, because in elastic demands, a negative variation in price will increase the demand. However, this is not enough to calculate profit maximization since the profit calculation formula also involves costs, which are not described in the question.
