1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
user100 [1]
2 years ago
14

The administrator of a county's museum is considering increasing the price of an annual pass by 1% from $55 to $55.55. At the cu

rrent price, the museum sells 2000 annual passes and the point of elasticity is 0.62. What effect would the increase in price have on the museum's annual pass revenue?
Mathematics
1 answer:
atroni [7]2 years ago
8 0

The increase in price would  increase the annual pass revenue of the museum.

<h3>What is the effect of the increase in price on the annual pass revenue?</h3>

In order to determine the effect the increase in price would have on revenue, we have to examine the elasticity of demand of the museum pass.

The point elasticity is 0.62. This means that demand is inelastic. This means that when price increases, there would be little or no change in the quantity demanded. As a result, revenue would increase.

To learn more about price elasticity of demand, please check: brainly.com/question/18850846

You might be interested in
Addie bought 9 candy bars and ate 1/2 of them. Frankie bought 6 candy bars and ate 2/3 of them
elena-s [515]

Answer:

addie at 4.5 candie bars and frankie had 4

6 0
2 years ago
ILL GIVE BRAINLEST, classify the triangle below with work please :)
Minchanka [31]

Answer:

A right triangle

Step-by-step explanation:

All interior angles in a triangle are equal to 180°.

x+x+2x = 180°

4x = 180°

x = 45°

So two of the angles are 45°, and the remaining angle is 45°×2 = 90° (a right angle).

7 0
3 years ago
Ron is selling items at a craft show. The first hour his sales are $20. His sales grow by 10% each hour. What are Ron's total sa
olga nikolaevna [1]
C. $122.10

20 first hour
20+0.1*20 = 22 second hour
22+0.1*22 = 24.2 third hour
24.2+0.1*24.2 = 26.62 fourth hour
26.62+0.1*26.62 = 29.282 fifth hour
Total=$122.10
5 0
3 years ago
One hen lays 7 eggs in three days.<br>How many eggs do three hens lay in nine days?​
kramer

Answer:

63 eggs.

Step-by-step explanation:

7 times 3 equals 21, which is the amount of eggs one chicken lays in 9 days. Multiply that by 3, you get 63.

3 0
3 years ago
Read 2 more answers
A recipe calls for 125 cups of sugar. If jasmine wants to make 13 of the recipe, how many cups of sugar will she need?
iragen [17]

Answer: 1625

Step-by-step explanation: So if you want to make 13 of one recipe it said that in 1 recipe there's 125 cups of sugar so you need to multiply 123 by 13 so do this 125 x 13 = 1625 and then there, you have your answer 1,625 cups of sugar for 13 things of the recipe.

7 0
3 years ago
Other questions:
  • It costs $50 to join a bowling club plus a monthly fee, the total costs for the year is $350
    6·1 answer
  • What is the error made in the scatter plot for the data shown? (hats and scarves) thankyou~
    13·1 answer
  • Find, corrrect to the nearest degree, the three angles of the triangle with the given vertices. D(0,1,1), E(-2,4,3), C(1,2,-1)
    10·1 answer
  • The exponent on variable z is _____
    12·1 answer
  • A group of 8 friends went to lunch and spent a total of $76, which included the food bill and a tip of $16. They decided to spli
    6·2 answers
  • Elliot spent 3/7 of his money on some comics. He spent 1/4
    6·1 answer
  • It costs $34.95 to rent a jet ski for four hours plus $15.75 for each additional hour. You have $100. Can you rent the jet ski f
    5·2 answers
  • If martha has 4/5 of a tank of gas and uses 1/10 each day, how many days will it take to empty?
    13·2 answers
  • John has decided to prepare an old field for his son's new horse. the length of the field is 10 meters less than 4 times its wid
    9·2 answers
  • Sat question solve<br><br> 2^x=x^2
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!