Answer:
Price Quantity demanded Quantity demanded
business travelers vacationers
$150 2,100 1,000
$200 2,000 800
$250 1,900 600
$300 1,800 400
using the midpoint method:
Therefore, the demand for airline tickets in this price range is elastic for vacationers because business travelers are sensitive to changes in price? FALSE, the demand for airline tickets for vacationers is elastic because vacationers are very sensitive to the changes in price, while business travelers aren't.
The price elasticity of demand measures responsiveness to price changes. Vacationers have elastic demand for airline tickets, while the elasticity of demand for business travelers is not mentioned. Business travelers are sensitive to changes in price.
The price elasticity of demand measures how responsive the quantity demanded is to changes in price. If the price elasticity of demand is greater than 1, it indicates that the demand is elastic and consumers are sensitive to price changes. If the price elasticity of demand is less than 1, it indicates that the demand is inelastic and consumers are less sensitive to price changes.
In this case, since the demand for airline tickets is elastic for vacationers, a price increase from $250 to $300 would result in a larger percentage decrease in the quantity demanded. On the other hand, the demand for airline tickets is not mentioned for business travelers, so we cannot determine its elasticity. However, the statement suggests that business travelers are sensitive to changes in price.
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Answer:
The correct answer is: not economic responsibility
Explanation:
Corporate social responsibility (CSR), also called corporate social responsibility (CSR) or socially responsible investment, is defined as the active and voluntary contribution to social, economic and environmental improvement by companies, generally with the aim of improving their situation Competitive, valued and its added value. The organization's overall performance evaluation system in these areas is known as the triple result.
Corporate social responsibility goes beyond compliance with laws and regulations, assuming their respect and strict compliance. In this sense, labor legislation and regulations related to the environment are the starting point for environmental responsibility. Compliance with these basic regulations does not correspond to social responsibility, but to the obligations that any company must fulfill simply by the fact of carrying out its activity. It would be hardly understandable for a company to claim CSR activities, if it has not complied or does not comply with the reference legislation for its activity.
b. an ad in Better Homes & Gardens for floor tiles
c. a salesperson at a store that specializes in floor coverings
d. a brochure explaining why the corn-based floor tiles are superior to nylon ones
e. a discussion with co-workers about the best floor tiles to buy
Answer:
e
Explanation:
The correct option is e. Which is a discussion with co-workers about the best floor tile to buy.
Discussing with co-workers on what floor tile to buy is a source of non-marketing controlled product information. It is not associated with advertising or promotion.
Some other examples of nonmarketing-controlled information sources include personal experiences, personal sources, and public sources.
Answer:
1
Explanation:
Tonya consumes 40 steaks a year when her monthly income was $40,000
After her income drops to $35,000 she consumes 35 steaks
The first step is the calculate the percentage change in the quantity of steaks demanded
= 40-35/40 × 100
= 5/40 ×100
= 0.125 ×100
= 12.5
The percentage change in income can be calculated as follows
= $40,000-$35,000/$40,000 × 100
= $5,000/$40,000 × 100
= 0.125 × 100
= 12.5
Therefore the income elasticity of demand for steaks can be calculated as follows
= 0.125/0.125
= 1
Hence the income elasticity for the demand of steaks is 1
Answer:
1,300billon + 12,025=13,325 13,325 × 12,025=1,2689,356,175,98.so subtract 1,2689,356,175,98 from 6,162,
The answer is: because every day there is more opportunities opening up
You will never know where a company will post a job opportunities that provide better conditions or salaries compared to the job that you currently had. Because of this, you need to keep expanding your networks and setting up routine job search schedule.
Answer:
Ed and his Widow's Gross Income is:
$97,000
Explanation:
a) Data and Calculations:
Gifts from individuals $10,000
Medical expense offset 25,000
Time of need pay 12,000
Group life insurance 50,000
Gross income $97,000
b) Ed and his widow's gross income is $97,000. It is the sum of all forms of earnings before any deductions or taxes. The gross income is higher than the net income, which is defined as the gross income minus taxes and other deductions.
Ed's gross income includes the gifts and life insurance payout, but not the support received by his widow.
Ed's gross income includes the $10,000 in gifts from individuals and the $50,000 collected on the group term life insurance policy. These amounts are considered taxable income. The $12,000 paid to Ed's widow in her time of need is not considered gross income because it can be classified as a gift or as support received on account of the marital relationship.
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