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, 21.06.2019 19:10, victorialeverp714lg

Ms. sophia jones, the company president, has heard that there are multiple breakeven points for every product. she does not believe this and has asked you to provide the evidence of such a possibility. some information about the company for 2017 is as follows:

Answers: 1

continue

Business, 22.06.2019 02:40, TerronRice

Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?

Answers: 3

continue

Business, 22.06.2019 04:00, elijahcraft3

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

Answers: 2

continue

Business, 22.06.2019 07:50, pattydixon6

The questions of economics address which of the following ? check all that apply

Answers: 3

continue

You know the right answer?

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