Business, 14.02.2020 03:02 dereklilgoat

A service station owner in Staten Island, NY, was worried that raising the price of gasoline would cause the quantity demanded to fall by so much that he would be in a worse situation tahn if he did not raise the price. If raising the price of gasoline would cause the owner to receive less totalrevenue from he sale of gasoline, the demand for gasoline is:.
1. Ineslastic
2. Elastic
3. Perfectly inelastic
4. unit elastic

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:20, jaideeplalli302

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

Answers: 1

continue

Business, 22.06.2019 16:40, yoooo9313

An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?

Answers: 3

continue

Business, 22.06.2019 19:20, dayday0

Six years ago, an 80-kw diesel electric set cost $160,000. the cost index for this class of equipment six years ago was 187 and is now 194. the cost-capacity factor is 0.6. the plant engineering staff is considering a 120-kw unit of the same general design to power a small isolated plant. assume we want to add a precompressor, which (when isolated and estimated separately) currently costs $13291. determine the total cost of the 120-kw unit. (hint: skip $ and comma symbols)

Answers: 3

continue

Business, 23.06.2019 00:50, chancho3703

Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above

Answers: 1

continue

You know the right answer?

A service station owner in Staten Island, NY, was worried that raising the price of gasoline would c...