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Andrei [34K]
2 years ago
6

If the cross-price elasticity of demand for two goods is 0.88, then the two goods are?

Business
1 answer:
krek1111 [17]2 years ago
3 0

The two goods are substitutes.

Cross Elasticity

The cross elasticity of demand, also known as the cross-price elasticity of demand, is a measure in economics that compares the percentage change in the quantity desired for one commodity to the percentage change in the price of another good, everything else being equal.

To learn more about Cross Elasticity

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Last semester, Brita bought her textbooks over the Internet and saved a considerable amount of money. Classes start in a few day
Dmitriy789 [7]

Last semester, Brita bought her textbooks over the Internet and saved a considerable amount of money. Classes start in a few days, and she needs to decide right away how and where to purchase her books. Brita will most likely engage in "limited problem solving" process.

<h3>What is limited problem solving process?</h3>

Limited issue solving is another sort of consumer problem-solving that consumers employ when they need information about unknown brands in well-known product categories or when they make sporadic purchases of goods; it takes a fair amount of time for information collecting and consideration.

The characteristics of limit solving process are-

  • Limited issue solving is employed when consumers seek information about a new brand within a well-known product category or when they occasionally purchase products.
  • When buying a new, expensive, or infrequently purchased goods, consumers engage in lengthy problem solving.
  • Possibly when you need to find out information about an unusual brand in a well-known product area, takes a fair amount of time to gather information.
  • Clothing is one example where it is known the product class but not the brand.

Therefore, in the given case- Brita lacks the time to thoroughly consider all of his alternatives. Additionally, he will likely follow suit this time around given his recent success purchasing books online (unless he waited too long and cannot receive his books in time).

To know more about steps in the problem solving process, here

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6 0
2 years ago
The accounting manager of Gateway Inns has noted that every time the inn's average occupancy rate increases by 3.3 percent, the
Archy [21]

Answer: 26.15

Explanation: The degree of operating leverage is calculated as the percentage change in operating income in relation to a percentage change in sales.

Thus the degree of operating leverage of Gateway inn is calculated thus:

DOL = Cont Margin/Operating income

DOL = 47/(4.6-3.3)

DOL = 47/1.3

DOL= 26.15

8 0
4 years ago
Roberta transfers property with a tax basis of $400 and a fair market value of $500 to a corporation in exchange for stock with
xenn [34]

Answer:

$500

Explanation:

Data given in the question

Tax basis = $400

Fair market value = $500

Under section 351, the fair market value = $350

Liability on the property transferred = $150

So, by considering the above information the amount realized in the exchange is

= Fair market value under section 351 + liability on the property transferred

= $350 + $150

= $500

8 0
3 years ago
2) Assume that you invest 5 percent of your salary and receive the full 5 percent match from East Coast Yachts. What EAR do you
erastovalidia [21]

Answer:

The EAR you earn from the match is 100%.

Explanation:

Because you will receive a full 5% match if you invest 5% of your pay, this means you will earn 100% of the match up to 5%.

For instance, if you put in 5% of your salary which is determined to be $500 (i.e. $10,000 salary * 5%), East Coast Yachts will match that amount up to $500. This means that you will receive a 100 percent effective annual return (EAR) from the match.

As a result, the EAR you earn from the match is 100%.

3 0
3 years ago
A management perspective that emerged after World War II and applied mathematics, statistics, and other quantitative techniques
Firdavs [7]

A Management Science Perspective is a management perspective that originated after World War II and used mathematics, statistics, and other quantitative tools to managing challenges.

Management science, often known as mathematical or quantitative measurement, sees management as a logical entity whose actions may be described in terms of mathematical symbols, connections, and measurement data.

The mathematical model is the key emphasis of this technique. This device may represent management and other challenges in fundamental relationships, and if a specific goal is sought, the model can be expressed in terms that optimize that goal. This method borrows heavily from decision theory and, in fact, provides several ways for rational decision-making.

Therefore, the answer is management science perspective.

To know more about management science perspective click here:

brainly.com/question/13191706

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5 0
2 years ago
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