During the 1992 democratic national convention a group of 100 new york restaurants got together and offered lunch for $19.92, and a number of them added special dinner menus with meals priced at $24.92. these prices may seem high, but they were a substantial reduction for most of the participating restaurants. the result: revenues were up during the convention, but what happened after the delegates left? many restaurants decided to keep their prices down and got a real surprise: lower prices brought in more total revenue. we may surmise that demand at new york restaurants is..
a.) has unitary price inelasticity.
b.) price elastic.
c.) price inelastic.
d.) equivalent to income elasticity of demand

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u. s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.

Both renewable and nonrenewable resources are used within our society. how do the uses of nonrenewable resources compare to the uses of renewable resources?