Richard Voith estimated the price elasticity of demand for round-trip rail fare to be 0.62. If fares rose by 30 percent, one would expect the quantity of round-trip tickets purchased to:

Answers

Answer 1

Answer:

Fall by 18.6%.

Explanation:

Calculation for quantity of round-trip tickets purchased

Using this formula

Quantity of round-trip tickets purchased=Round-trip rail fare*Fares percentage

Let plug in the formula

Quantity of round-trip tickets purchased=30%*0.62

Quantity of round-trip tickets purchased=0.186*100

Quantity of round-trip tickets purchased=18.6%

Therefore one would expect the quantity of round-trip tickets purchased to:Fall by 18.6%.


Related Questions

To calculate a year-to-year percentage change in any financial statement line item such as sales, you should take the current year's amount, subtract the prior year's amount, then divide by ______, and finally multiply the result by 100.

Answers

Answer:

the prior year's amount

Explanation:

In financial statements when measuring performance increase the percentage change in various financial statement lines are usually used.

Financial statement lines are individual items on financial statements. For example current assets, current liabilities, and sales.

The percentage change aims to compare increase in a financial statement line item against the previous year's amount.

This will give an idea of how much increase has occurred on previous performance.

So it is calculated by deducting previous year amount from current year amount, then divide by the previous year amount and multiply by 100

Please help answer economics questions for 100 points and brainliest

Answers

It is c I had this question also

The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) resulted in implementation of risk contracts, which are arrangements among providers to provide __________ health care services to Medicare beneficiaries.

Answers

Answer:

Capitated

Explanation:

Based on the information given the implementation of the risk contracts by TEFRA is to ensure that are medical arrangements are made among providers in order to provide CAPITATED health care services to Medicare beneficiaries.

CAPITATED health care services can be seen as the way in which medical treatment payment are made to the providers of health care service in advance for the sole aim of providing medical services or treatment to patient which are the Medicare beneficiary that have registered and assigned to them for a specific period of time.

The interest portion of a monthly loan payment is $427.93. If the interest rate is 6.875%, what is the current principal balance

Answers

The current principal balance is $74, 693.24

Hope it helps :)

The current principal balance is $74,693.24.

Given that,

The interest portion of a monthly loan payment is $427.93. And, the interest rate is 6.875%.

Based on the above information, the calculation is as follows:

Annual interest = $427.93 × 12

= $5,135.16

Now  

Principal is

= $5,135.16 ÷ .06875

= $74,693.24

Learn more: brainly.com/question/16911495

an invester buys 100000, 10% corporate bond maturing in 2030 for 125000. the bond is callable starting in the year 2020. what is the most appropriate measure for calculating yield?

Answers

Answer:

C. Yield to Call

Explanation:

As the investor pays $125,000 for 10% having a face value of $100,000 so it seems that there is a premium of 25% in the bond. Now in the case when the bond is called before to the maturity that occurs when the market rate is less than the coupon rate. Also the same is shown in the question

So for determining the yield, the best way measure and appropriate is yield to call

which of these is an example of personification?
a) a metaphor using household items
b) a word that rhymes with unification
c) a stone that talks to people
d) a conversation with a dead person

Answers

Answer:

c) a stone that talks to people

Explanation:

Personification is giving human qualities and traits such as speech, emotions, desires, and gestures to non-living things. Personification features prominently in animation films, visual arts, poetry, and literature.

Other examples of personification are

The sun smiled back at me.The alarm clock screamed at them.

Which tasks are commonly done by employees in the Energy cluster? Check all that apply.

installing equipment
performing inspections
interpreting technical plans
manufacturing gauges
designing systems
following schedules
gathering information

Answers

Answer:

Installing equipment, designing systems, gathering information

The tasks that are commonly done by employees in the energy cluster include installing equipment, designing system, and gathering information.

Energy cluster simply means civil law agreements between the entities which is aimed at bringing efficiency with regards to energy usage.

It should be noted that the tasks that are commonly done by employees in the energy cluster include installing equipment, designing system, and gathering information.

Read related link on:

https://brainly.com/question/17216239

Select the examples that best demonstrate likely tasks for Foreign Service workers. Check all that apply.


O Lana attends a legislative session in Washington, D.C.

O Pei creates a plan for making a new park in her hometown.

O Mike operates airplanes at a US military facility in Germany.

O Katrina provides medical care for embassy workers in Kenya.

O Peter speaks Spanish with foreign officials at a political event in Mexico.

O Gale helps a US citizen in India with a passport problem.

Answers

Answer:

Katrina provides medical care for embassy workers in Kenya.Gale helps a US citizen in India with a passport problem.

Explanation:

A Foreign Service Officer represents their home country in foreign countries.  They are employed by the government to serve its interest and the interest of its citizens in foreign countries.

Some of the responsibilities of a foreign service officer are

Offering assistance and support to the home country's citizens traveling abroad.Assisting foreign nationals wishing to  travel to the home country Working on bilateral partnerships that promote commercial and business interests of the home country abroad. Managing the country's embassy and promoting diplomacy.

Answer:

It's 4, 5, and 6

Explanation:

hope this helps. i got it wrong for you ;-;

Linda purchased a washing machine and dryer set for $1,299 on a deferred payment plan. She needs to pay $80
per month for 6 months and the remaining balance in month 7. How much will Linda pay back in 6 months, and
what will the amount of her final payment be?

HELP PLEASE

Answers

Answer:

In six months, Linda will pay : $480

Final payments :$819

Explanation:

The monthly payments are $80 for six months.

For six months, Linda will have paid $80 times six months

=$80 x 6

=$480

The amount for her final payments will be the total of the two items  minus the installment payments

=$1,299 - $480

=$819

I NEED HELP ASAP
Can someone in simple terms please explain the difference between a code of conduct and a code of ethics

Answers

Answer:

A code of ethics is to give ideas on what to act like in a work environment and code of conduct is you have to act like that in a work environment

Explanation:

The primary meaning of a broken white center line on a street is to show a one way traffic flow.

Answers

Answer:

True

Explanation:

When there is thicker broken white line on the lane, it simply means the lane could be used when one is to exit the roadway, it also signify that one can merge into other lanes, it also signify that the lane is about to end. It should be noted that The primary meaning of a broken white center line on a street is to show a one way traffic flow.

What would be the effect on the accounts if the business purchased equipment on account?
OA. An asset would be debited and a Liability credited.
OB. An asset would be debited and Liability debited.
Oc. An asset would be debited and an expense debited.
OD. Expense would be debited and Liability credited.

Answers

Answer:

A. An asset would be debited and a Liability credited.

Explanation:

Purchasing on account means buying on credit. The debts of the business increase. As a result,  liabilities increase.

Equipment is a business asset. Purchasing equipment increases assets.

In the double-entry accounting system, An increase in an asset is recorded by debiting the asset account. An increase in liabilities is captured by crediting the liabilities account.

Under process model, organizational effectiveness is portrayed by having internal conflict where information flows easily both horizontally and vertically, and where internal functioning is smooth and characterized by trust and benevolence toward individuals.

Answers

Answer:

True

Explanation:

The process model is a model that represents the work flow for achieving the company goals and objectives

In the process model, the effectiveness of an organization would be portrayed by the conflict that occurs internally. It could be the situation when the flow of the information is in a horizontal way and in a vertical way and the functioning of the operations internally is quite smooth and works with trust towards individuals

Therefore the given statement is true

Temperature at 8:00 A.M.: -15°C.
Temperature rose 8°C during the
next hour. What was the
temperature at 9:00 AM ?

Answers

-7°celcius is the answer man

use these wallpapers lol use me as your wallpaper and i give you brainlist also show me proof

Answers

Answer:

nice

Explanation:

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why is training important

Answers

These reasons include:-

Increased job satisfaction and morale among employees.Increased employee motivation.Increased efficiencies in processes, resulting in financial gain.Increased capacity to adopt new technologies and methods.Increased innovation in strategies and products.Reduced employee turnover.
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