Physical therapy-what would happen to volume and revenue

Assignment Help Business Economics
Reference no: EM13802520

A physical therapy clinic faces a demand equation of Q = 200 - 1.5 * P, where Q is sessions per month and P is the price per session.

The clinic currently charges $80. If the clinic lowered its price to $70, what would happen to volume and revenue?

Reference no: EM13802520

Questions Cloud

What is happening to the US trade balance : EXPLAIN IF POSSIBLE. What is happening to the US trade balance in each of the following situations? Explain.
Theories of unemployment to explain the type of unemployment : Here are four individuals telling you their stories of how they became unemployed. In a multi-paragraph essay, apply the theories of unemployment to explain the type of unemployment that each of these individuals is facing and explains which of these..
What type of elasticity : The price elasticity of demand is -1.2. What type of elasticity is this?
Calculate the price elasticity : Average visits per week equal 640 when the copy is $40 and equal 360 when the copayment is $60. Calculate the price elasticity using 360 and $60 as the denominators for percentage change calculations.
Physical therapy-what would happen to volume and revenue : A physical therapy clinic faces a demand equation of Q = 200 - 1.5 * P, where Q is sessions per month and P is the price per session. The clinic currently charges $80. If the clinic lowered its price to $70, what would happen to volume and revenue?
What would the equivalent equal annual payment : Assume that you borrow $15,000 for five years (annual payments) at a market rate of 5%. Assuming that inflation is 3.5%, what would the equivalent equal annual payment be in constant dollars?
What is the average annual inflation rate on used equipment : Currently you can purchase a used 10 year old CAT 24D for $85,000. Ten years from now, you think that a comparable used machine will sell for $105,000. What is the average annual inflation rate on used equipment that you are expecting during this 10 ..
What is your constant dollar mortgage payment : You plan to live in your house for 20 years, and your 20 year mortgage (principle and interest only) is $2,100/month. If you expect inflation to average 3% annually, what is your constant dollar mortgage payment on the day of your last payment?
Assuming an annual inflation-same purchasing capability : You think that you need $60,000/year to live on when you retire. Assuming an annual inflation of 3.4%, how much would you need in actual dollars per year 40 years from now to have the same purchasing capability?

Reviews

Write a Review

Business Economics Questions & Answers

  Total revenue corresponding

Illustrate what is the expected annual demand also the total revenue corresponding to your recommended price

  3analyse the two following situations for forms in

3.analyse the two following situations for forms in competitive markets a suppose tha tc 100 15q where tc is total cost

  Government encourage a decision to expand

Government encourage a decision to expand? How would it affect the reputation of the business?

  Why do soft technologies open more opportunities for women

Why do the soft technologies open more opportunities for women? To what extent have these technologies impacted the perceptions of men’s and women’s roles in the economy, within marriage, and in society as a whole?

  Q1 is holding an investment he bought for 1000 that has a

q1. is holding an investment he bought for 1000 that has a 60 percent chance of gaining 200 in value and a 40 percent

  Explain the connections between opportunity cost

Explain the connections between opportunity cost and the production possibilities frontier.

  What is the implied income elasticity of demand for movies

he or she rents 63 movies per year at the same price per movie. What is the implied income elasticity of demand for movies? Are movies a normal good or an inferior good?

  Make a series of equal year-end deposits

Upon his employment at the age of 22, Robert began to make a series of equal year –end deposits of $1100 to his retirement fund. After working for 5 years, he is now able to increase his saving. He plans to increase his annual deposits to $2200, star..

  Illustrate what was the impact on the supply and demand

Illustrate what was the impact on the supply and demand of labor on one sector of the labor market. Explain the factors that affected labor demand and labor supply in the chosen historical example.

  Explain and graph how the economy can fix itself

Explain and graph how the economy can “fix itself” and move to the long run equilibrium? Will the price level at the long-run equilibrium be greater than, less than, or equal to 110?

  Q1 illustrate what are the key determinants of spectrum

q1. illustrate what are the key determinants of spectrum healthcare resources fixed cost and variable cost in

  Elucidate at what production quantity ?these two invest

assume that the yearly capital cost is 10% of the total investment. Elucidate at what production quantity ?these two investment are opportunities.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd