I need the graph for this question that is on page 2 of the uploaded images
2) Using one graph, graph the
a. Demand curve for school year weekdays
b. Demand curve for school year weekends
c. Demand curve for school breaks
2) Using e graph, graph the a. demand curve for school year weekdays. b. demand curve for school year weekends. c. demand curve for school breaks 3) If the mini-golf course has a break-even point of $ 8.50, what is the greatest number of players the owner could expect (and not lose money)? (W) a. A school year weekday 125 b. A school year weekend 187.5 c. A school break 62.5 4) What kind of strategy would you recommend to the owner if the cost were $12 per player? No discounts. ELASILCIJI Percent change quantity = Q2-Q1! Q; x 100 Percent change price = Pz-Pur P1 x 100 % A Q % A P 1) A 7-11 owner looks at her end-of-month sales. In June, the price of a Slurpee was $2.50 and the station sold 300 units. In July. the price spiked to $3.00 per Slurpee and the station sold 280 units. = PED i) What is the price elasticity? 280/300 = 0.933 1-0.933 = -6.7% 3.00/2.50 = 1.20 = 20% -6.7/20 = - .335 Abs = .335 ii) Is the product elastic or inelastic? Inelastic iii) What characteristics do Slurpee have that makes the produce elastic/inelastic? Impulse buy which is a low percentage of income 2) A large realty company looks at sales by the agents. In June 2018, it sold 480 units at an average price of $420,000. Following an interest rate hike by the FED. it finds sales in October were 435 units at $450,000 i) What is the price elasticity? 435/480 = 0.906 10906 = -9.4% 450/420 = 1.071 = 71$ -9.4l'7.1 = -1.32 Abs 1.32 ii) Is the product elastic or inelastic? Elastic iii) What characteristics does rental housing have that makes it elastic/inelastic? Many substitutes for location 3) The Trader Joes store in Long Beach in an average month sells 1200 cases of \"Two Buck Chuck" at $3.00 per bottle. It holds a sale at $2.501bottle and find that it sells 1320 cases. i) What is the price elasticity? 132011200 = 1.10 = +10% 2.501300 = 0.8333 = 108333 = -16.66 This study sog'ugs doiaild'lldleozb9 100000801528663 from CourseHero.com on 06-16-2022 19:45:29 GMT 05:00 https:ffmvw.courseherocomilels i 6641Test- 1 -Practice-Probiems-WithSolutions-J une-20docx1' 1 of 3 OPPORTUNITY COST Producer A: Y and Y = Producer B: X = and = Please use the information in the table to answer the following questions. Country Services Manufacturing/Ag ($trillion) ($trillion) A 12 6 B 10 4 Opportunity Cost 12/12: 6/12 =0.5 6/6:12/6 = 2 Opportunity Cost B 10/10: 4/10 =0.4 4/4: 10/4 =2.5 Which has comparative advantage in services B Which has comparative advantage in manufacturing A Country Agriculture Tourism ($trillion) C 6 10 D 8 2 Opportunity Cost C 6/6: 10/6 = 1.66 10/10: 6/10= 0.6 Opportunity Cost D 8/8: 2/8= 0.25 2/2: 8/2 = 4 Which has comparative advantage in agriculture D Which has comparative advantage in tourism C SHIFTS IN DEMAND A miniature golf course owner has a location near LBCC. On a weekday during the school year, she observes that 100 players show up at a price of $15 each. On weekends, the demand increases by 50. During school break, only 50 show up. The owner tries TravelZoo coupons to boost sales. If she gives a 25% off coupon, sales increase by 25%. If she gives a 50% off coupon, she can boost sales by 50% over the base price. 1) Copy the following chart to your workbook and fill in the numbers: Quantity Sold Selling Price School Year Weekday 100 $15 25% off coupon 125 $11.25 50% off coupon 150 $7.50 School Year Weekends 150 $15 25% off coupon 187.5 $11.25 50% off coupon 225 $7.50 School Breaks 50 $ 15 25% off coupon $2.5 $11.25 50% off coupon 75 $7.50 This study source was downloaded by 100000801528663 from CourseHero.com on 06-16-2022 19:46:29 GMT -05:0010/-16.66 = -0.60 Abs 0.60 ii) Is the product elastic or inelastic? Inelastic iii) What characteristics does Two Buck Chuck have that makes it elastic/inelastic? Inferior Good (Two Buck Chuck aka Charles Shaw wine is the cheapest wine at Trade Joe's) This study source was downloaded by 100000801528663 from CourseHero.com on 06-16-2022 19:46:29 GMT -05:00 https://www.coursehero.com/file/88391664/Test-1-Practice-Problems-With-Solutions-June-20docx/

Question

I need the graph for this question that is on page 2 of the uploaded images

2) Using one graph, graph the

a. Demand curve for school year weekdays

b. Demand curve for school year weekends

c. Demand curve for school breaks

2) Using e graph, graph the a. demand curve for school year weekdays. b. demand curve for school year weekends. c. demand curve for school breaks 3) If the mini-golf course has a break-even point of $ 8.50, what is the greatest number of players the owner could expect (and not lose money)? (W) a. A school year weekday 125 b. A school year weekend 187.5 c. A school break 62.5 4) What kind of strategy would you recommend to the owner if the cost were $12 per player? No discounts. ELASILCIJI Percent change quantity = Q2-Q1! Q; x 100 Percent change price = Pz-Pur P1 x 100 % A Q % A P 1) A 7-11 owner looks at her end-of-month sales. In June, the price of a Slurpee was $2.50 and the station sold 300 units. In July. the price spiked to $3.00 per Slurpee and the station sold 280 units. = PED i) What is the price elasticity? 280/300 = 0.933 1-0.933 = -6.7% 3.00/2.50 = 1.20 = 20% -6.7/20 = - .335 Abs = .335 ii) Is the product elastic or inelastic? Inelastic iii) What characteristics do Slurpee have that makes the produce elastic/inelastic? Impulse buy which is a low percentage of income 2) A large realty company looks at sales by the agents. In June 2018, it sold 480 units at an average price of $420,000. Following an interest rate hike by the FED. it finds sales in October were 435 units at $450,000 i) What is the price elasticity? 435/480 = 0.906 10906 = -9.4% 450/420 = 1.071 = 71$ -9.4l'7.1 = -1.32 Abs 1.32 ii) Is the product elastic or inelastic? Elastic iii) What characteristics does rental housing have that makes it elastic/inelastic? Many substitutes for location 3) The Trader Joes store in Long Beach in an average month sells 1200 cases of \"Two Buck Chuck" at $3.00 per bottle. It holds a sale at $2.501bottle and find that it sells 1320 cases. i) What is the price elasticity? 132011200 = 1.10 = +10% 2.501300 = 0.8333 = 108333 = -16.66 This study sog'ugs doiaild'lldleozb9 100000801528663 from CourseHero.com on 06-16-2022 19:45:29 GMT 05:00 https:ffmvw.courseherocomilels i 6641Test- 1 -Practice-Probiems-WithSolutions-J une-20docx1' 1 of 3 OPPORTUNITY COST Producer A: Y and Y = Producer B: X = and = Please use the information in the table to answer the following questions. Country Services Manufacturing/Ag ($trillion) ($trillion) A 12 6 B 10 4 Opportunity Cost 12/12: 6/12 =0.5 6/6:12/6 = 2 Opportunity Cost B 10/10: 4/10 =0.4 4/4: 10/4 =2.5 Which has comparative advantage in services B Which has comparative advantage in manufacturing A Country Agriculture Tourism ($trillion) C 6 10 D 8 2 Opportunity Cost C 6/6: 10/6 = 1.66 10/10: 6/10= 0.6 Opportunity Cost D 8/8: 2/8= 0.25 2/2: 8/2 = 4 Which has comparative advantage in agriculture D Which has comparative advantage in tourism C SHIFTS IN DEMAND A miniature golf course owner has a location near LBCC. On a weekday during the school year, she observes that 100 players show up at a price of $15 each. On weekends, the demand increases by 50. During school break, only 50 show up. The owner tries TravelZoo coupons to boost sales. If she gives a 25% off coupon, sales increase by 25%. If she gives a 50% off coupon, she can boost sales by 50% over the base price. 1) Copy the following chart to your workbook and fill in the numbers: Quantity Sold Selling Price School Year Weekday 100 $15 25% off coupon 125 $11.25 50% off coupon 150 $7.50 School Year Weekends 150 $15 25% off coupon 187.5 $11.25 50% off coupon 225 $7.50 School Breaks 50 $ 15 25% off coupon $2.5 $11.25 50% off coupon 75 $7.50 This study source was downloaded by 100000801528663 from CourseHero.com on 06-16-2022 19:46:29 GMT -05:0010/-16.66 = -0.60 Abs 0.60 ii) Is the product elastic or inelastic? Inelastic iii) What characteristics does Two Buck Chuck have that makes it elastic/inelastic? Inferior Good (Two Buck Chuck aka Charles Shaw wine is the cheapest wine at Trade Joe's) This study source was downloaded by 100000801528663 from CourseHero.com on 06-16-2022 19:46:29 GMT -05:00 https://www.coursehero.com/file/88391664/Test-1-Practice-Problems-With-Solutions-June-20docx/