Business, 18.11.2019 22:31 Magree5321

The local community bus service, which is a monopoly, charges $2.00 for a one-way fare. the city council is thinking of raising the fare to $2.50 and expects it to generate 25% more revenue. the council has asked for your advice as a student of economics. the council predicts that raising the price by 25% will raise revenues by 25%. which of the following is true? choose one: a. the council has taken into account the output effect but not the price effect. b. the council hasn't taken into account either the output effect or the price effect. c. the council has taken into account both the price effect and the output effect. d. the council has taken into account the price effect but not the output effect. part 2 (0.5 point) therefore, the council has increase in revenue.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 16:10

Braverman company has two manufacturing departments—finishing and fabrication. the predetermined overhead rates in finishing and fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. the company’s direct labor wage rate is $16.00 per hour. the following information pertains to job 700: finishing fabrication direct materials $ 410 $ 60 direct labor $ 128 $ 48 required: 1. what is the total manufacturing cost assigned to job 700? 2. if job 700 consists of 15 units, what is the unit product cost for this job?

Answers: 1

Answer

Business, 21.06.2019 23:50

Juan has a retail business selling skateboard supplies he maintains large stockpiles of every item he sells in a warehouse on the outskirts of town he keeps finding that he has to reorder certain supplies all the time but others only once a year how can he solve this problem?

Answers: 1

Answer

Business, 22.06.2019 12:10

Drag each label to the correct location on the image determine which actions by a manager are critical interactions - listening to complaints - interacting with customers - responding to complaints - assigning staff duties -taking action to address customer grievances -keeping track of reservations

Answers: 2

Answer

Business, 22.06.2019 16:50

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.

Answers: 1

Answer

You know the right answer?

The local community bus service, which is a monopoly, charges $2.00 for a one-way fare. the city cou...

Questions