As the manager of a golf resort, you want to increase the number of tee times sold by 10 percent. your staff economist (and junior caddy) has determined that the price elasticity of demand for tee times is –1.5. to increase sales by the desired amount, how much should you decrease the price of a tee time in percentages?

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

Increases in output and increases in the inflation rate have been linked to

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?