Business, 26.11.2019 00:31 shawnplayzsavage
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: 2
Business, 22.06.2019 12:30, imamnaab5710
Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d
Answers: 3
Business, 22.06.2019 12:30, dtrdtrdtrdtrdrt1325
Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented
Answers: 1
The local community bus service, which is a monopoly, charges $2.00 for a one-way fare. the city cou...
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