During spring break, students have an elasticity of demand for a trip to Florida of -3, while senior citizens have an elasticity of demand for a trip to Florida of -6. What pricing insight does this give to the airline companies

Answers

Answer 1

The pricing insight it gives to the airline companies is to charge a lower price to the senior citizens because they have a relatively more elastic demand.

What is elastic demand?

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that as prices increases, the quantity demanded decreases more than the percentage change in price.

Group of answer choices

Charge a lower price to the senior citizens because they have a relatively more elastic demand.

Charge a lower price to the students because they have a relatively more inelastic demand.

Charge a higher price to the senior citizens because they have a relatively more inelastic demand.

Charge a higher price to the students because they have a relatively more elastic demand.

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Related Questions

When you're finished using your Go ogle account, what should you do to help keep your information secure?

A. Reset your password.
B. Create a new username.
C. Send an e-mail.
D. Sign out.

Answers

Answer:

this is a very st upid question but i would say its D

Explanation:

A does make sense somehow but i dont think you would reset your password everytime you using go ogle

i dont know why B should help at all

C makes no sense at all

When you're finished using your Go-ogle account, you should always sign out to keep your information secure. Thus, option 'D' is the correct option.

How to keep your Go-ogle account safe?

Go-ogle uses the strictest security measures to protect your personal data. The Advanced Protection Program protects individuals with sensitive information and high visibility from deliberate online assaults. Chrome's Safe Browsing shields 4 billion devices from dangerous websites, while Advanced Protection does even more thorough checks before each download. It alerts you to potentially hazardous files and may even stop you from downloading them.

Installations of apps are only permitted from trusted shops, such as the app store run by the company that makes your device. You are frequently prompted to grant access to your Go=ogle Account data, such as your contacts, location, or Drive, when you join up for new apps or services. Go=ogle Accounts have built-in security features that verify more than 1 billion stored passwords daily for breaches.

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Barbara has $70.00 in her pocket and a $20 gift card. Which purchase will she be able to make without having to use her credit card?


A a portable radio for $65.95 and speakers for $29.99

B five books for $18.95 each

C headphones for $25.99 and eight CDs for 8.99 each

D six puzzles for $11.99 each and a board game for $15.89

edeg 2022

Answers

The answer is: six puzzles for $11.99 each and a board game for $15.89

The amount of money that Barbara has: $ 70.00

The amount of Gift Card that barbara has: $ 20.00

This mean that maximum amount of product that Barbara could purchase: $ 70 + $ 20 = $ 90

From the option above the only purchase that is not surpassing $ 90 is six puzzles for $11.99 each and a board game for $15.89

6 x $ 11. 99 = $ 71.94

1 x $ 15.89  = $. 15.89

Total purchase = $ 87.83              

Suppose that when the price of gasoline is $3 per gallon, the total amount of gasoline purchased in the united states is 8 million barrels per day. also suppose that when the price of gas decreases to $2.25 per gallon, the total amount of gasoline purchased is 12 million barrels per day. based on these numbers and using the midpoint formula, the percentage change in the quantity demanded is:

Answers

Assuming  the total amount of gasoline purchased is 12 million barrels per day. The percentage change in the quantity demanded is: 50%.

Percentage change in the quantity demanded

Using this formula

Percentage change in quantity demanded= (Total amount of gasoline purchased- total amount of gasoline purchased in united states)/ Total amount of gasoline purchased in united states×100

Let plug in the formula

Percentage change in quantity demanded=(12 - 8) / 8

Percentage change in quantity demanded =4/8×100

Percentage change in quantity demanded=50%

Inconclusion  the percentage change in the quantity demanded is: 50%.

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If the real exchange rate for the dollar is above the equilibrium level, the quantity of dollars supplied in the market for foreign-currency exchange is:.

Answers

The quantity of dollars supplied in the market for foreign-currency exchange is: less than the quantity demanded and the dollar will appreciate.

What is equilibrium level?

Equilibruim level can be defined as the level at which supply equal demand.

In a situation where  equilibrium level is a above the real exchange rate this means that  dollar will appreciate in the foreign exchange market as the amount of dollars will be lower that the quantity demanded.

Therefore the quantity of dollars supplied is less than the quantity demanded and the dollar will appreciate.

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Why do consumer advocates advise against using alternative financial services?.

Answers

Consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.

What is a financial service?

It should be noted that a financial service simply means a wide range of activities such as banking, insurance and investing.

In this case, consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.

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define organic farming?
any 4 advantage of terrace farming?

Answers

Explanation:

Terrace farming ensures food security and increases crop yield by water and soil conservation. Thus it reduces soil erosion. In terrace farming, the interaction between water and fertilizer increase

Organic farming is agriculture that makes healthy food, healthy soils, healthy plants, and healthy environments a priority, along with crop productivity

AnswerAdvantages of terrace farming...

Helps to reduce soil erosion for farming .

It's helpful for tea plantation much because its used specifialy in hilly area

Explanation:

The coordination of promotion and other marketing efforts for maximum informational and persuasive impact defines Group of answer choices tactile communication. integrated marketing communications. proxemic communication. communication. kinesic communication.

Answers

The coordination of promotion  for maximum informational and persuasive impact defines: Integrated marketing communications.

What is Integrated marketing communications?

Integrated marketing communications can be defined as the way in which brands or product  promotional activities are effectively managed and coordinated.

This promotional activities includes:

Sales promotionBrands promotionMedia advertisementDirect marketing etc

Therefore the coordination of promotion  for maximum informational and persuasive impact defines: Integrated marketing communications.

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(04.03 MC)
For prescription drug coverage with her family health care plan, Emmeline has four options:
Option A: $50 monthly premium and $20 co-pay per prescription
Option B: $70 monthly premium and $15 co-pay per prescription
Option C: $90 monthly premium and $10 co-pay per prescription
Option D: $110 monthly premium and $8 co-pay per prescription
Based on Emmaline's records, her family fills an average of two prescriptions per month. Which
would be her least expensive option?
• Option A
O Option B
• Option C
O Option D

Answers

Based on Emmaline's records, the least expensive option would be Option A.

How to find the cheapest option?

To find the cheapest option, use Emmeline's average prescription.

Option A cost per month:

= Monthly premium + Co-pay for prescription x Number of prescriptions

= 50 + (20 x 2)

= 50 + 40

= $90

Option B cost per month:

= 70 + (15 x 2)

= 70 + 30

= $100

Option C cost per month:

= 90 + (10 x 2)

= 90 + 20

= $110

Option D cost:

= 110 + (8 x 2)

= 110 + 16

= $126

In conclusion, the least expensive option is Option A.

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How does information technology impact the economic sector?

Answers

Answer:

~ᴛᴇᴄʜɴᴏʟᴏɢɪᴄᴀʟ ᴘʀᴏɢʀᴇꜱꜱ ᴀʟʟᴏᴡꜱ ꜰᴏʀ ᴛʜᴇ ᴍᴏʀᴇ ᴇꜰꜰɪᴄɪᴇɴᴛ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴏꜰ ᴍᴏʀᴇ ᴀɴᴅ ʙᴇᴛᴛᴇʀ ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ, ᴡʜɪᴄʜ ɪꜱ ᴡʜᴀᴛ ᴘʀᴏꜱᴘᴇʀɪᴛʏ ᴅᴇᴘᴇɴᴅꜱ ᴏɴ.

Explanation:

ᴍᴀɢᴀɴᴅᴀɴɢ ᴛᴀɴɢʜᴀʟɪ ꜱᴀ ᴀᴛɪɴɢ ʟᴀʜᴀᴛ!!!

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Expansionary fiscal policy causes the aggregate demand curve to shift to the _______ and is used to close a(n) _______ gap.

Answers

The expansionary fiscal policy causes the aggregate demand curve to shift to the right and is used to close a recessionary gap.

What is an expansionary fiscal policy?

This is a fiscal policy that seeks to stimulate demand through the use of government income and increased spending.

Most time, this fiscal policy increases the level of aggregate demand through an increases in government spending.

Therefore, the word "right" and "recessionary gap" is correct.

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Why do you think that decorum and business etiquette play as essential components of business ethics and social responsibility

Answers

Proper decorum and good business etiquettes are essential components of business ethics and social responsibility because they:

Create a professional atmosphereImprove communicationMake a workplace productiveEnhance workers' respect and dignityImprove customer and suppliers relationships.

What are business ethics and social responsibility?

Business ethics deal with the appropriate business policies and practices that ensure the observance of ethical principles.  They ensure that moral or ethical problems do not arise in a business environment.

Social responsibility refers to the cooperation that should exist among individuals and organizations for the benefit of the community.

Thus, Proper decorum and good business etiquettes remain essential components of business ethics and social responsibility.

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i make 100,000 a day but i need more how can i get more without customers getting mad??

Answers

Answer:

Just work hard and be fast

Explanation:

Just work and be fast! People at the back wont get mad because you are a hardworking/fastworking man/woman!

Answer:

be nice and work hard

Explanation:

As a part of a human resource planning process, managers reviewed data regarding the knowledge and skills of all current employees as well as a profile of characteristics available in the external market. The managers are engaging in

Answers

The managers are engaging in C) supply forecasting.

What is employee supply forecasting?

Supply forecasting in human resource management refers to the estimation of the supply of human resources.

Supply forecasting takes into consideration the analysis of current human resources inventory and future availability in the external market.

Answer Options:

A) demand forecasting.

B) insourcing.

C) supply forecasting.

D) simulations.

E) recruitment.

Thus, the managers, who reviewed data about the knowledge and skills of all current employees and a profile of characteristics in the external market, are engaging in C) supply forecasting.

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Which form do you use to inventory the unexpended ammunition and residue you receive from the training field

Answers

The form that can be used to inventory the unexpended ammunition and residue you receive from the training field is DA Form 5203.

What is ammunition?

It should be noted that ammunition simply means the material fired, dropped or detonated from any weapon.

In this case, the form that can be used to inventory the unexpended ammunition and residue you receive from the training field is DA Form 5203.

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A number of accidents on the job leading towards disability involve the.

Answers

From research it has been discovered that a number of accidents on the job leading towards disability involve the hands.

What are job accidents?

These are the accidents that arise in the work place. These accidents are known to take place due to faults of the operator or the machines that are being operated.

Most of these types of accidents are caused by the hands of the operator who is at work.

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what is financial statement?​

Answers

Answer:

Financial statements are a collection of summary-level reports about an organization's financial results, financial position, and cash flows. They include the income statement, balance sheet, and statement of cash flows.

What does the phrase internalizing an external cost mean?.

Answers

Answer:

It means, "forcing producers to factor into their production costs the cost of the externalities created in the production of their output."

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Which best explains how the overproduction of goods in the 1920s affected consumer prices and the economy?.

Answers

Prices fell as consumer demand decreased, and the economy slowed down. Which best explains why people failed to make their promised payments on items during the 1920s? They bought too much.

How many dollars would it cost to buy an edinburgh woolen mill sweater costing 50 british pounds if the exchange rate is 1.50 dollars per one british pound

Answers

The amount of  dollars that  it would cost to buy an edinburgh sweaters if the exchange rate is 1.50 dollars per one british pound is: $75.

Dollar amount to buy an buy an edinburgh woolen mill

Using this formula

Dollar amount=Cost of woolen mill sweater×Exchange rate

Where:

Cost of woolen mill sweater=50 pounds

Exchange rate=1.50 dollars

Let plug in the formula

Dollar amount=50×$1.50

Dollar amount=$75

Inconclusion the amount of  dollars that  it would cost to buy an edinburgh woolen mill sweater is $75.

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Roberta, a customer service manager, tracks monthly complaints and has been trying over the past six months to reduce complaints to less than 1 percent through additional training for her staff. She is engaged in

Answers

Assuming he is trying over the past six months to reduce complaints to less than 1 percent. She is engaged in controlling.

What is controlling?

Controlling can be deifned as the process of managing and supervising  a person performance so as  to ensure that the set goals are achieved.

Based on the given scenario Roberta is using control method to reduce the complaint she is receiving by trainning her staff and to ensure that the company goals and objectives are achieved.

Therefore she is engaged in controlling.

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A liability for cash dividends is recorded: Multiple Choice When cumulative preferred stock is sold. On the date of declaration. On the date of record. On the date of payment. For dividends in arrears on cumulative preferred stock.

Answers

A liability for cash dividends is recorded either on the:

date of declarationdate of recorddate of payment.

Where are liability for cash dividends recorded?

When the dividend is declared, the company will records a liability to shareholders in the dividends payable account.

Hence, these liability are recorded on the financial records and reported on the corporation's balance sheet.

Therefore, the Option B, C and D is correct.

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Nike works to ensure that all of its print and media advertisements are consistent with what the company is advertising in regard to footwear, clothing, and accessories. Nike is utilizing _______ to ensure this.

Answers

If Nike works to ensure that all of its media advertisements are consistent. Nike is utilizing integrated marketing communication (IMC)  to ensure this.

What integrated marketing communication (IMC)?

Integrated marketing communication (IMC)  can be defined as the process in which a company or an orgainzation tend to ensure that their brand advertisement is consistent  and unify with what they produced.

Integrated marketing communication  is important as it is a form of brand promotion and sales promotion.

Therefore Nike is utilizing integrated marketing communication (IMC)  to ensure this.

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Under target costing, costs can be reduced in a variety of ways including all of the following EXCEPT a.simplifying the design. by.eliminating waste. c.changing the sales level. d.reducing the direct labor costs.

Answers

Under the target costing, the change in the sales level cannot be considered as the way to make a reduction in the costs.

Option C is the correct answer.

What do you mean by a target cost?

Target cost is the maximum cost that can be levied on a manufactured product. It is determined by deducting the profit margin from the selling price.

According to the target costing, the simplification of designs, minimization the wastage, and the reduction of the direct cost of labor are considered the methods to reduce the costs. But the increasing or decreasing of sales level will not be used as a way to minimize the cost.

Therefore, the sales level changes will not affect the cost reduction apart from the other provided methods.

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True or false: keynes' law best applies to short time horizons that see fluctuations in total demand.

Answers

It is a true statement that the Keynes law best applies to short time horizons which see fluctuations in total demand.

What is the Keynes law?

The Keynesian economic model is developed to adovate an increased government expenditures (spending) and lowering of taxes for stimulation of demand for getting an economy out of the depression.

The law of Keynesian model states that demand creates its own supply and any changes in aggregate demand will cause changes in real GDP and employment.

In conclusion, the statement that Keynes law best applies to short time horizons which see fluctuations in total demand is true.

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what are the factors pricing up a product? Please mark me the brainiest. Thank you

Answers

Answer:

1) Product has more demand.

2) Competition.

3) Buying pattern of the consumer.

4) Economic Enviroment

5) The Governments Policy

Explanation:

Some main factors of pricing up a product.

Merilee is a seamstress in a garment factory, and she is paid $10 for each skirt she produces. What compensation plan does this describe?

Answers

Assuming she is paid $10 for each skirt she produces. This  compensation plan describe what is called piece rate.

What is piece rate?

Piece rate  can be defined as the process in which employee are being paid based on the number of product produced by the employee.


Some companies or employer tend to make use of piece rate pay by paying their employee based on the quantity of goods the company manufacture on a daily basis.

Inconclusion this compensation plan describe what is called piece rate.

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Ahmir agrees to purchase a shipment of oriental rugs from oriental rug company for the price of $50,000, to be delivered on august 15. on july 15, ahmir notifies oriental that he no longer wants to purchase the rugs. oriental spends $1,000 to advertise the rugs and obtains a new purchaser who buys the rugs for $40,000. oriental then sues ahmir for breach of contract. if oriental is successful in its breach of contract suit against ahmir, oriental may receive:

Answers

Assuming a new purchaser who buys the rugs for $40,000. if oriental is successful in its breach of contract suit against ahmir, oriental may receive: $11,000 from Ahmir.

Breach of contract

Using this formula

Amount to received from Ahmir=Initial price+Cost of advertisement -new selling price

Where:

Initial price=$50,000

Cost of advertisement=$1,000

New selling price=$40,000

Let plug in the formula

Amount to received from Ahmir=$50,000+$1,000-$40,000

Amount to received from Ahmir=$11,000

Inconclusion  if oriental is successful in its breach of contract suit against ahmir, oriental may receive: $11,000 from Ahmir.

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The phenomena that the variability in order quantities tend to increase as you proceed upstream in the supply chain is referred to as the:.

Answers

Answer:

Bullwhip effect

Explanation:

The four utilities offered to consumers through retailing are:.

Answers

selling, renting, and providing of products and services to ultimate consumers for
personal, family, or household use.

Assume that labor and capital are the only two inputs a perfectly competitive firm uses to produce wheat. The firm hires its inputs in perfectly competitive input markets. The unit price of labor is $8 and of capital is $20. When the firm employs the profit-maximizing combination of these two inputs, the marginal product of labor is 2 tons of wheat and of capital is 5 tons of wheat. The price of wheat per ton must be

Answers

The price of wheat per ton must be $4 when profit-maximizing combination is employed.

What is Price?

This is defined as the amount of money that has to be paid to acquire a given product.

To get the price per ton for the company to make profit, we find the ratio of the unit price of labor to the marginal product of labor.

$8 / $2 = $4.

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