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NEW QUESTION: 1

A. Option A
B. Option C
C. Option D
D. Option B
Answer: B

NEW QUESTION: 2
Long Lake Golf Course has raised green fees to a nine-hole game due to an increase in demand.

Which of the following is correct?
A. The senior citizen demand is elastic and weekend demand is inelastic.
B. The regular weekday and weekend demand is elastic.
C. The regular weekday and weekend demand is inelastic.
D. The senior citizen and weekend demand is inelastic.
Answer: A
Explanation:
Choice "d" is correct. Demand is elastic if a decline in price (P) results in an increase in total revenue (TR);
or if an increase in P results in a decline in TR. On the other hand, if demand is inelastic, a decline in P will
result in a decline in TR or an increase in P will result in an increase in TR. First, the total revenues at both
the new and the previous rate must be computed. The (new or previous) rate* average games played
(AGP) = the total revenue. As a result, TR at the previous rate (PR) is 800 for regular weekday (RW), 900
for senior citizen (SC), and 3315 for the weekend (WE). TR at the new rate (NR) is 770 for RW, 656 for
SC, and 4460 for WE. So, demand for RW and SC is elastic because the increase in P results in a decline
in total revenue. The demand for WE is inelastic because the increase in P results in an increase in TR.
As a result, choices "a", "b", and "c" are incorrect. Note: if TR remains constant after a change in P, the
demand is unit elastic.

NEW QUESTION: 3
Which of the following about IES is FALSE?
A. An IES supports QoS.
B. An IES provides a Layer 3 interface to a customer.
C. A virtual routing/forwarding table is created per IES service.
D. An IES interface's IP address, if bound to a port, will appear in the routing table.
Answer: C