Business, 25.06.2019 00:00, Serenitybella

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 but expects it to generate less than 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 less than 25%. which of the following is true? choose one: a. the council hasn't taken into account either the output effect or the price effect. b. the council has taken into account the price effect but not the output effect. c. the council has taken into account both the price effect and the output effect. d. the council has taken into account the output effect but not the price effect.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 09:40, watervliet2586

The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a. standard deductionb. itemized deductionc. personal exemptiond. none of these. all of these are from agi deductions

Answers: 3

continue

Business, 22.06.2019 12:10, Marcus2935

Gwen, a manager at exude apparels inc., received a message from a customer requesting a replacement for a purchased pair of shoes. exude apparels has a clearly stated no-return policy. gwen responded to the customer denying the request in a tactful and clear manner. despite this, the customer submitted a second request. in this scenario, which of the following is an appropriate response to the second request?

Answers: 2

continue

Business, 22.06.2019 19:40, QueenNerdy889

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)

Answers: 1

continue

Business, 23.06.2019 08:30, Irdk1

The kamp family has twins, rob and rachel. both rob and rachel graduated from college 2 years ago, and each is now earning $50,000 per year. rachel works in the retail industry, where the mean salary for executives with less than 5 years' experience is $35,000 with a standard deviation of $8,000. rob is an engineer. the mean salary for engineers with less than 5 years' experience is $60,000 with a standard deviation of $5,000.

Answers: 3

continue

Do you know the correct answer?

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