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Simply stated, the aspects of significance of factor mobility is as below:
i. Unemployment
ii. Income distribution
iii. Regional disparities
iv. Flexibility in production
v. Utilization of the otherwise idle resources
vi. Incentive to investment – minimization of losses while maximizing profits.
Wilfykil answered the question on February 6, 2019 at 08:12
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advise on the ticket – pricing strategy. As a basis...(Solved)
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ticket sales data which seems to suggest the following ticket – sales elasticities:
Own – price elasticity = -0.05
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The managing director is contemplating a moderate increase in ticket prices in order to increase revenue.
Explain whether this is a good idea
Date posted: February 4, 2019. Answers (1)
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Date posted: February 4, 2019. Answers (1)