What is the change in total revenue for business travelers when the price increases to $500?

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A: The elasticity of demand refers to the responsiveness of quantity demanded with respect to a change…

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A: GDP or gross domestic product is the sum of the value of all end commodities produced within the…

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A: The minimum wage was developed to safeguard workers in the workforce and to stabilise the…

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A: (According to Bartleby Guidelines we are only allowed to answer one question at a time, it is kindly…

Q: will be infected in 45 days? 4. Suppose bacteria in a population divide in 2 every hour and 90% of…

A: Bacteria Divides in 2  every hour .Also 90% of current  population dies .Therefore ,If a current…

Q: Draw on a graph the

A: (Lot of calculations have already been done in the previous solution so we will not repeat them…

Q: When British regulators were forced to suspend the license of a flu vaccine plant in Liverpool…

A: The market supply of flu vaccines decreased by 48 million doses that is the market supply of flu…

Q: Armando consumes two goods: grapes and wine. He can purchase both at the market and also possesses a…

A: Utility function :  U = x2 y Price of x : p1 Price of y : p2 Budget Constraint : p1x1 + p2y = w

Q: Suppose that Karen deposits $600 into her checking account at the bank. The reserve requirement for…

A: Reserves = Reserve Requirements * DepositsLoan = Deposits - Reserves

Q: The table below shows the marginal benefit for various inputs. Assume that each level represents a…

A: The concept of Marginal benefit suggests the intention of an individual to pay an additional amount…

Q: If the on-campus demand for soda is as follows:    Price (per can) $0.25 $0.50 $0.75 $1.00…

A: A monopoly market in means a market structure characterized by a single seller or producer…

Q: A monopolistic firm operates in two separate markets, Market A and Market B. The firm can sell its…

A: A company that is the only seller of a product (monopolistic firm) can change prices based on where…

Q: Suppose that over the short run (say the next 5 years), demand for OPEC oil is given by   P = 165…

A: The Organisation of the Petroleum Exporting Countries(opec) is an organisation enabling the…

Q: Assess the banking sector from the perspective of the C$ to US$

A: Banking management has a huge impact on economic growth. Healthy and safe banking institutions…

Q: Find Total Revenue as a function of p. (Hint: Do not attempt to find Total Revenue as a function of…

A: Total revenue is the total amount of money a business receives from selling its products or…

Q: Consider the following economy:-   Mariginal propensity to save = 0.2 Mariginal propensity to…

A: Economic policy formulation will remain critical since it determines how the economy will develop…

Q: Consider a profit-maximizing firm producing a differentiated product in a competitive market. The…

A: Demand functionP=90-0.015QMR=90-0.03QMC=30+0.01QFixed cost=70000MC=30+0.01QAVC=30-0.005Q

Q: The following graph is based on quarterly data on unemployment and real output growth in the United…

A: The American economy (country A) is a success, innovation, and limitless possibility engine. From…

Q: Suppose that there’s a recessionary gap, and the country wishes to produce its potential output.…

A: Recession refers to the stage where GDP decrease,  rising unemployment rates, reduced consumer…

Q: Capitalized cost is an application of perpetuity. It is the sum of the first cost and the present…

A: Initial cost = P300000Replacement required at every 15 yearsAnnual maintenance cost =  P5000Salvage…

Q: Explain fully why the AD curve has a negative slope. Use graphs to illustrate.

A: Aggregate Demand (AD): Aggregate demand refers to the total quantity of goods and services demanded…

Q: A swimming athlete is deciding whether to work out for an extra hour. Her marginal benefit from…

A: By definition, the marginal benefit refers to the change in total benefits due to an extra hour of…

Q: Take the Solow model without technological change. Assume there is a government that taxes…

A: The Solow Growth Model is an exogenous economic growth model that represents increased capital…

Q: Suppose a small egg to income tax rates 20% for all income up to $50,000 and 30% for any income…

A: A government budget is a financial arrangement that frames how much money a government hopes to earn…

Q: Suppose that the tax system in Latin American country is calculated such that if Emily's annual…

A: Regressive, Progressive and Proportional are three different types of tax systems. A regressive tax…

Q: Garments Garments OI O II ||| (III) OIV - (1) Cars Cars Garments Garments (11) Which of the graphs…

A: The Production Possibility Frontier (PPF) is a graphical representation of the maximum output…

Q: Hudson Corporation is considering three options for managing its data warehouse: continuing with its…

A:

Q: What is the excel equation to calculate the values in the selected row exactly as they are?

A: Present Value (PV) is the current value of a future sum of money or stream of cash flow given a…

Q: Which of these best represent a planned approach and which best represent a market approach? Planned…

A: The market approach determines the value of an asset based on the market selling price of assets…

Q: cremental Analysis is required for mutually exclusive project analysis using which of the chniques??…

A: Incremental analysis can be defined as a technique that is used to access and compare the benefits…

Q: The following graph plots a supply curve for some hypothetical good. PRICE IDelars per un QUANTITY…

A: The mid point formula for the elasticity of supply is given asSuppose price increased from p1 to p2…

Q: If the unit selling price p(x) and the quantity supplied x of a certain product is given by p(x) =…

A: Marginal revenue is the change in total revenue that results from the sale of one additional unit of…

Q: With regards to the Covid-19 global pandemic development, use the demand and supply model in…

A: The international airline sector was significantly impacted by the COVID-19 pandemic. The pandemic's…

Q: When considering GDP on a global scale, two issues stand out as particularly pressing. What exactly…

A: When considering GDP on a global scale, two issues stand out as particularly pressing:The…

Q: The set of states is W = {a, b, c, d, e},   Individual 1’s information partition is {{a, b, d},…

A: ***Since the student has asked for a specific part of the question to be solved, hence the expert…

Q: Approximately how many hours per year will the solar panels need to operate to enable this project…

A: Present value (PV) is the current value of a future sum of money or stream of cash flows given a…

Q: the computer, which will reduce the result of the property being an infringement. A con from…

A: It can be defined as the rules and restrictions imposed by the government to hinder the flow of…

Q: Suppose the money market for some hypothetical economy is given by the following graph, which plots…

A: Money markets incorporate market sectors for such instruments as bank accounts, including term…

Q: 3.3 W W Given the figure below, answer the questions in the table. MWC 5-AWC X Q 0₂ 0₂ Quantity of…

A: "Since you have asked multiple questions, we will solve the first three questions for you. If you…

Q: If the data analyst hypothesizes that grocery sales are higher when payment is made using credit…

A: The question asks about the null hypothesis in a situation where a data analyst hypothesizes that…

Q: The table below provides information about a hypothetical economy for 2015, 2016 & 2017. 2016 2017…

A: Gdp Deflator is a tool to measure the GDP affected by the change in prices of goods rather than the…

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A: The required reserve ratio of a bank depicts the minimum amount of deposits a bank must keep as…

Q: Diagrams 1 and 2 below depict the production possibility frontier (PPF) for Rosie’s Bakery. Answer…

A: A curve that illustrates the maximum potential output that an economy can achieve by efficiently…

Q: Please search for current news sources that highlight the rise of protectionism or nationalism in…

A: Nationalism is an ideology that emphasizes the promotion of the interests of a particular nation,…

Q: R, C 700 500 50% Profita TC 5 10 15 20 25 TR 05/10 15 20 25 18

A: Fixed cost of production: Fixed costs are that part of the production which is independent of the…

Q: Demonstrate the welfare loss of: a. A restriction on output when supply is perfectly elastic. Graph…

A: Consumer surplus is the difference between the maximum willingness to pay and the actual price…

Q: Consider the consumption function: C = 120+ 0.8Yd where Yd is disposable income. a) Write down…

A: In this case, the consumption function is given as *, where YD is the disposable income.

Q: Should the US be more concerned about deflationary pressure or inflationary pressure at this time?…

A: Inflation refers to the sustained increase in the general price level of goods and services in an…

Q: Listen to thisLinks to an external site. podcast about the market for human organs.…

A: Market equilibrium quantity and price is determined where market demand and the market supply is in…

Q: You plan to deposit $300 at the end of every year for 12 years starting at the end of year 1. Then…

A: Annual deposit at the end of each year, A=$300Number of years the amount to be deposited, n1 =12…