You are the curator of a butterfly sanctuary. The sanctuary is running low on funds, so you decide to increase revenue. What options do you have to consider? Should you raise or lower the price of admission? Explain your reasoning in terms of demand and elasticity. please keep in mind this is a macroeconomics class and please make sure its no less then two paragraphs and relates to macroeconomics thank you! I Will rate well!
You are the curator of a butterfly sanctuary. The sanctuary is running low on funds, so...
Problems & Applications (Ch 05) < Back to Assignment Attempts: 0 0 Keep the Highest: 0/1 11. Problems and Applications Q11 You are the curator of a museum. The museum is running short of funds, so you decide to increase revenue. What should you do to increase revenue if the price elasticity of demand is less than 1? ONothing, revenue is maximized at current admission price ORaise the admission price Lower the admission price Grade it Now way down to...
you are the supervisor of the zoo. the zoo is running short of funds so you decide to increase revenue. should you increase or decrease the price of admission? Explain
You will see that I'm asking you to think of yourself as president of the Pepsi Corporation. The key in the following situations is to determine what to do with the price of Pepsi based on your understand of price elasticity of demand. So, read each of these scenarios one by one and based on the information given decide if you want to raise, lower or leave the price of Pepsi the same. You don't have to be specific as to...
DIFFERENTIALS (how will you work these up): Give a list of Differentials and how each of these would be worked up or how you came to the conclusion it is not your primary diagnosis. ASSESSMENT: Your primary diagnosis should indicate how you would come to this conclusion. You need to decide which further testing you would order and justify the reasoning for ordering these tests. Keep in mind efficacy, feasibility and cost of each further test you order. Please identify...
QUESTION 1 If firms decide to raise more funds through the sale of bonds, interest rates will rise. True False 1 points QUESTION 2 If the price of bonds is higher than the market equilibrium then their price will fall and interest rates will fall as well. True False 1 points QUESTION 3 As explained in the text, assets may be financial or non-financial. True False 1 points QUESTION 4 In deciding what assets to hold, people...
Please explain the working as well.
Thank you
Suppose that you are running a business and you need some extra space for one year. Your bank offers you a loan of $100,000 at 0% Interest. You consider borrowing this amount, buying the building, using it for one year, and then selling the building to pay back the loan. Unfortunately, the economy in which you are operating is experiendng deflation at the rate of 10% per year. After one year, you...
A monopoly sells in two countries . The demand curves in the two countries are p1 = 12−q1, and p2 = 48−q2. The monopoly’s MC is $4. Now, suppose a long-running trade war between the two countries comes to an end, allowing resales between the two countries. The monopoly is now forced to charge the same price in both countries. The monopoly would have two options: (1) Sell at a price low enough (lower than 12), so that consumers from...
Please help me with questions 5,6,7,8- Thank you!!! I want to
make sure I answer them correctly
UIZNIS d. Investment has little to no impact on a nation's future economic health 5. True of false. Investment is financed by the national savings. a. True b. False 6. The unemployment rate equals divided by a. Labor force, employed b. Unemployed, labor force c. Discouraged workers, labor force d. Labor force, adult population 7. Suppose that 1,000 actively employed adult workers decide...
Please show step by step on how the calculations are made: Thank
you.
I have uploaded 3 questions which is the normal number of
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A firm's labor demand and labor supply equations are shown below. Labor demand equation: Ld = 50 – 4w Labor supply equation: Ls=-20 + 3w, where w is the wage per hour worked, Ld is the number of workers demanded by firms, and Ls...
ANY HELP PLEASE. PLEASE READ THE WHOLE INSTRUCTION THANK YOU Write a program GS.java that will be responsible for reading in the names and grades for a group of students, then reporting some statistics about those grades. The statistics to be gathered are the number of scores entered, the highest score and the name(s) of the student(s) who earned that score, the lowest score and the name(s) of the student(s) who earned that score, and the average score for the...