The University of Nebraska found that when it lowered the price of season tickets for football from $350.00 to $300.00, ticket sales increased from 43,000 to 47,000. This indicates that the demand is:A) inelastic because total revenue increased when the price was lowered.
B) elastic because total revenue increased when the price was lowered.
C) inelastic because total revenue decreased when the price was lowered.
D) elastic because total revenue decreased when the price was lowered.

Answers

Answer 1

Answer:

Answer:

Explanation:

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The cost of creating an email campaign for a product or a service is typically more expensive and takes longer to conduct than a direct-mail campaign. true or false
How does the rate of a proportional tax change with income?A.)The rate increases as income increases. B.)The rate remains the same, even if income increases or decreases. C.)The rate decreases as income increases. D.)The rate decreases as income decreases
Explain the following statement: Although the balance sheet can be thought of as a snapshot of a firm’s financial position at a point in time, the income statement reports on operations over a period of time.
The abrupt end of long distance cattle drives in 1885 was primarily due toa. the development of railroad cars that could haul cattle. b. organized efforts by northern cattlemen to reduce overstocking of cattle on the northern ranges. c. the advent of barbed wire fences.

An income tax hike A. increases potential GDP.

B. increases employment.

C. decreases potential GDP.

D. Both answers A and B are correct.

E. Both answers B and C are correct.

Answers

Answer:

The correct answer is option C.

Explanation:

An increase in income tax will cause the disposable income of the consumers to decline. It will thus reduce consumer spending.

A reduction in the demand for goods and services will cause production to decrease. Firms will need fewer workers to produce output so employment will also decline.

This will further cause the aggregate demand and potential GDP to decline.

Choose the word that best completes this sentence. Per OSHA’s rules, employers in the construction industry must provide required personal protective equipment at ____________ to workers. (A) Increased price
(B) Low cost
(C) No cost
(D) reduced price

Answers

Answer:

(C) No cost

Explanation:

As per the general rule, OSHA Occupational Safety and Health Administration all the employers are to provide the employees at construction site personal protective equipment at NO COST to workers.

This is general rule with exceptions that state that employer may not provide for personal protective equipment for no cost where it is not required, or where none has been required before.

This is as per rule effective from February 13, 2008 implemented from May 15, 2008

(C) No cost

Explain the different levels of organizational involvement in international trade

Answers

The three different levels of organizational involvement are:
- export and import: in this level of organization, a company maybe contacting others in order to trade by importingd and exportings
- Start selling in Internationaly level: This level entails researching foreign markets, putting together an export plan, and finding salespeople overseas.
- Multinational level: In this case there are not only one country interested in selling and buying, but now the market is expanded to many countries where all the reseacrh and the salespeople are settled

Which best describes how a recession develops as demand and production decreases?

Answers

As the demand decreases, production also decreases. Due to this, products, goods, and services will have higher prices. Less people are required in the work force, resulting to lay-offs and rise of the unemployment rate. Consequently, the rate of investment also drops. All of this downgrading best describes how a recession develops.

Answer:

Explanation:

If your business operates in more than one state or in a large area, it's a good idea to register the trademark with what organization?

Answers

If your business operates in more than one state or in a large area, it's a good idea to register the trademark in USPTO.

USPTO stands for United States Patent and Trademark Office. Registering a Trademark ensures you that your trademark is unique. It is not used by any other business than yours. Registering your trademark will also protect you from emerging companies from using your trademark.

I just finished this quiz and the answer is, "USPTO"

"A client has been involuntarily committed to a hospital because he has been assessed as being dangerous to self or others. The client has lost which right?"

Answers

Answer:

The right to leave the hospital against medical advice

Explanation:

A patient (or relative in charge, if patient is unconscious) always has full freedom to make a decision on their health, for example leaving the hospital or rejecting an exam, even if it goes against what the doctor treating him advice, this applies as long as the patient can make an informed decision, for this the patient needs to be mentally available and physically able to demonstrate awareness of the situation and mental stability.

If a patient is having mental issues and is not able to understand or process the information given that the patient is deprived of the right to leave the hospital against medical advice, especially if the patient is dangerous as they could cause problems.

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What is a beneficiary?a. The person who files life insurance claims on your behalf b. The person or group of people who will receive your life insurance money c. The person who evaluates life insurance claims d. The person who determines whether you qualify for life insurance

The disadvantages of a system when it works in isolation are: 1. It becomes difficult to collect and analyze the data needed for the functioning of any department. 2. It results in the loss of profits to the organization that could have been better spent in decision making. 3. Business executive or decision-maker cannot take good decisions with the isolated data.

Using the percentageminusofminussales method, the estimated total uncollectible accounts are $ 6,622. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $ 2,635. The Accounts Receivable balance is $ 44,720. The amount of the adjusting entry for UncollectibleminusAccounts Expense is: