Demand Schedule for Rocky Road Bus Company. Please keep the sign. Bus Fare Passengers Total Revenue Arc Elasticity of Demand $1.00 0 0.9 10 0.8 20 0.7 30 0.6 40 0.5 50 0.4 60 0.3 70 0.2 80 0.1 90 0 100 1) Calculate the total Revenue earned by Rocky Road at each price 2) Calculate the arc elasticities of demand. 3) What bus fare should Rocky Road charge in order to maximize its revenues?

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answer; offer in store wine and beer samples;

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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