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Answer:
Cross-price elasticity = 2
Explanation:
<em>The cross-price elasticity of demand measures the degree of responsive of quantity demand of a product with respect to change in the price of a related product. The related product could be a substitute or a complement</em>.
The elasticity is determined as follows:
= % change in the quantity of syrup/% change in the price of milk
= 9%/4.5%= 2
Cross-price elasticity = 2
Answer:
Explanation:
Information can be thought of as the resolution of uncertainty; it answers the question of "What an entity is" and thus defines both its essence and the nature of its characteristics. The concept of information has different meanings in different contexts.[1] Thus the concept becomes related to notions of constraint, communication, control, data, form, education, knowledge, meaning, understanding, mental stimuli, pattern, perception, representation, and entropy.
Information is associated with data. The difference is that information resolves uncertainty. Data can represent redundant symbols, but approaches information through optimal data compression.
Information can be transmitted in time, via data storage, and space, via communication and telecommunication.[2] Information is expressed either as the content of a message or through direct or indirect observation. That which is perceived can be construed as a message in its own right, and in that sense, information is always conveyed as the content of a message.
Information can be encoded into various forms for transmission and interpretation (for example, information may be encoded into a sequence of signs, or transmitted via a signal). It can also be encrypted for safe storage and communication.
Answer:
Purchase decision process
Explanation:
A purchase decision process is defined as the thought process that goes into buying a certain product. This thought process include the buyer identifying a need, creating options, seeing different brands and then finally buying the product.
Purchase decision could be either minor or major. Purchasing things like tea, toothpaste, etc require minor decision processes while buying a house or piece of land involves major decision processes.
As in the question, Becky now has to under purchase decision process as to buying soccer cleats for her daughter. This decision will involve buying a brand that won't shrink as a result of weather changes or wear out easily, etc
I hope this helps.
Answer:
be reduced;selling
Explanation:
As if we compared the depreciation of the euro with U.S dollar so the U.S based earnings i.e to be reported by taking a reference from the consolidated income statement is to be reduced
Moreover, if a firm protect itself and wants to stabilize the earnings i.e to be reported so it would be done by selling the euros forwards in the market i.e foreign exchange