Demand Schedule for Rocky Road Bus Company. Please keep the sign. Bus Fare Passengers Total Revenue Arc Elasticity of Demand $1.00 0 0.9 10 0.8 20 0.7 30 0.6 40 0.5 50 0.4 60 0.3 70 0.2 80 0.1 90 0 100 1) Calculate the total Revenue earned by Rocky Road at each price 2) Calculate the arc elasticities of demand. 3) What bus fare should Rocky Road charge in order to maximize its revenues?

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

You are a manager at asda. you have been given the demand data for the past 10 weeks for swim rings for children. you decide to run multiple types of forecasting methods on the data to see which gives you the best forecast. if you were to use exponential smoothing with alpha =.8, what would be your forecast for week 22? (the forecast for week 21 was 1277.) week demand 12 1317 13 1307 14 1261 15 1258 16 1267 17 1256 18 1268 19 1277 20 1277 21 1297

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise