He acmeville metropolitan bus service currently charges $0.99 for an all-day ticket, and has an average of 433 riders a day. the bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. they must therefore find a way to increase revenues. the bus company is considering increasing the ticket price to $1.21. the marketing department\'s studies indicate this price increase would reduce usage to 169 riders per day. calculate the absolute value of the price elasticity of demand for bus tickets using the simple percentage change method to determine if the bus company should increase price or decrease price to increase revenues.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 01:00, lin550
Throne technical university is looking for three people to work in its plant-biology laboratory. the hiring manager is finding that the most suitable job candidates live in other countries and are not willing to move to the city where the university is located. which situation is the university facing? a. lack of flexible workforce b. surpluses in labor talent c. an appearance of quota systems d. deficits in minimum wage demands
Answers: 1
Business, 22.06.2019 19:10, jaylene125
Robin hood has hired you as his new strategic consultant to him successfully transform his social change enterprise. robin has told you that he counting on your strategic management knowledge to him and his merrymen achieve their goals. discuss in detail what you think should be robin’s two primary strategic goals and continue by also explaining your analytical reasons that support your recommendations.
Answers: 3
Business, 23.06.2019 02:00, alexbrafford
Abc electronics wants someone to install a top-of-the-line security system in its two buildings, a system that not only sounds an alarm but also simultaneously notifies authorities and the company president. video surveillance of the premises should also be a capability of the security system. n order to obtain price quotes, what should the company write? a. an unsolicited proposal b. an internal proposal c. an external proposal d. a request for proposals
Answers: 3
Do you know the correct answer?
He acmeville metropolitan bus service currently charges $0.99 for an all-day ticket, and has an aver...
Questions in other subjects:
Mathematics, 28.05.2021 20:50
Mathematics, 28.05.2021 20:50
Mathematics, 28.05.2021 20:50
Chemistry, 28.05.2021 20:50
Mathematics, 28.05.2021 20:50
Mathematics, 28.05.2021 20:50
Mathematics, 28.05.2021 20:50
