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erica [24]
2 years ago
15

Cross-elasticity of demand is: a.the willingness to substitute other products. b.a factor in determining resale price maintenanc

e. c.a factor in determining the geographic market. d.all of the above
Business
1 answer:
erik [133]2 years ago
3 0

Cross-elasticity of demand is a) the willingness to substitute other products.

If the goods are alternative products, the cross elasticity of demand is tremendous which means that demand for one product will increase when the charge of the alternative product will increase and vice versa

If the products are complementary, go elasticity of demand is terrible which means that once the fee of 1 product will increase, demand for the opposite product decreases and vice versa.

The go-rate elasticity formulation is an equation for calculating the pass-price elasticity of call for (XED) of separate services or products: go rate elasticity (XED) = (% change in call for of product A) / (% alternate of fee of product B), wherein merchandise A and B are exceptional services.

In economics, the pass elasticity of call for or go-price elasticity of demand measures the percentage change of the quantity demanded an awesome to the percentage change in the fee of another proper, ceteris paribus.

The cross elasticity of call for is an economic concept that measures the responsiveness in the amount demanded of one good while the fee for some other correct modifications.

Learn more about Cross-elasticity here brainly.com/question/22985521

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High Mountain Lumber (HML) has normal budgeted overhead costs of $115,150 and a normal capacity of 35,000 direct labor hours for
Furkat [3]

Answer:

                                                                                                 $

Standard total overhead cost (0.5 hr x 25,000 x $3.29) 41,125

Less: Actual total overhead cost ($21,000 + $18,000)    39,000

Total overhead variance                                                      2,125(F)

                                           

Standard overhead application rate

= <u>Budgeted overhead</u>

  Budgeted direct labour hours

= <u>$115,150</u>

   35,000 hours

= $3.29 per direct labour hour

Explanation:

Total overhead variance is the difference between standard total overhead cost and actual total overhead cost. Standard total overhead cost is the product of standard hours per unit, standard overhead application rate and actual output produced. Actual total overhead cost is the aggregate of actual variable overhead cost and actual fixed overhead cost. Standard overhead application rate is the ratio of budgeted overhead to budgeted direct labour hours (normal capacity).

6 0
3 years ago
The transactions carried out by BTS Corporation during the year caused an increase in total assets of $150,000 and a decrease in
Marianna [84]

Answer:

21

Explanation:69

4 0
2 years ago
Explain why employers are considered buyers of skills and employees sellers of skills in the labour market.
raketka [301]
The employers look for potential employees that they think would be a good fit and have good qualities.
8 0
3 years ago
A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do
maxonik [38]

Answer:

FALSE

Explanation:

It is False that the difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.

The reverse is true because projects are time-bound and they come to an end when their objectives have been achieved, but company operations are expected to continue as a going concern.

A project is an activity to meet the creation of a unique product or service, an thereafter terminates while operations are day to day routine activities that are expected to continue

3 0
3 years ago
The "too big to fail" policy of the Fed, whereby some banks are bailed out if they are in danger of failing because they are too
Jlenok [28]

Answer:

c.Moral hazard

Explanation:

Moral hazard can occur when banks take on excessive risk more than they would normally take on because they know they would be bailed out if they fail.

I hope my answer helps you

5 0
3 years ago
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