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1 year ago

The pair of items that is likely to have the largest positive cross-price elasticity of demand is:

Business

1 answer:

mash [69]1 year ago

6 0

Coffee and tea are predicted to have the highest positive cross-price elasticity of demand among all the products.

If the price of one good rises while the demand for the other good increases, then the cross price elasticity is positive. When using alternative products, this is feasible. The only alternatives are coffee and tea.

Cross-price elasticity quantifies how sensitive a product's demand is to a change in the price of the related product. Many products on the market have relationships with one another. This could imply that a product's price change could have a positive or negative impact on the demand for another product.

When it comes to substitutes, a rise in price of one substitute drives up demand for the alternative product. Because they always want to maximize utility, consumers frequently do this products. The perceived satisfaction increases with decreasing expenditure.

Learn more about cross-price elasticity here

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"After losing her job, a woman sits down to generate a list of ways that she can cut expenses and possibly pick up some extra in

Soloha48 [4]

Answer:

she is engaging in problem focusing copying

Explanation:

problem focusing on copying - As the word implies, its main focus on the problem-solving approach. The main goal of this approach is to identify the cause of the problem causing stress and then tackle the cause to diminish it at a low level.

This strategy first aimed to identify the problem and then reduce the cause. Thus, managing stress is a crucial step in this strategy by reducing negative thoughts or emotions.

8 0

3 years ago

Business behavior is derived in large part from the basic cultural environment in which the business operates and, as such, is s

solong [7]

Answer:

TRUE

Explanation:

The influence of cultural on business behavior is broadly encompassing. Cultural impacts ranges from understanding employee behavior and employees management methodologies; i.e. how best to manage employees based on their values and priorities. It also impacts the functional areas of marketing and distribution: what people appreciate and the peculiarities of their environment. It also greatly impact and is a strong determinant factor of success when a company is taking a decision on how best to enter a new market.

When business ignore cultural factors they are guilty of ethnocentrism and could be orchestrating business failure.

7 0

3 years ago

Marshall-Miller & Company is considering the purchase of a new machine for $50,000, installed. The machine has a tax life of

vlabodo [156]

Answer:

$10,620

Explanation:

Depreciation for Year 1 = 0.202 × $50,000

= $10,100

Depreciation for Year 2 = 0.323 × $50,000

= $16,150

Depreciation for Year 3 = 0.194 × $50,000

= $9,700

Depreciation for Year 4 = 0.125 × $50,000

= $6,250

Accumulated depreciation = $10,100 + $16,150 + $9,700 + $6,250

= $42,200

Book value of machine as on date of sale:

= Purchase price - Accumulated depreciation

= $50,000 - $42,200

= $7,800

Selling price = $12,500

Gain on sale of machine = $12,500 - $7,800

= $4,700

Tax rate = 40%

Tax on capital gain = $4,700 × 0.40

= $1,880

Net proceeds on sale of machine:

= Selling price – Tax paid on capital gain

= $12,500 - $1,880

= $10,620

8 0

3 years ago

ou wish to retire in 20 years, at which time you want to have accumulated enough money to receive an annual annuity of $32,000 f

AleksAgata [21]

Answer:

Annual contributions to the retirement fund will be $6,347.31

Explanation:

First find the Present Value of the Annuity giving payments of $32,000 annually for 25 years at the rate of 10%.

Using a Financial Calculator enter the following data

PMT = $32,000

P/y = 1

N = 25

R = 10%

FV = 0

Thus, the Present Value, PV is $290,465.28

At the time of retirement (in 20 years time) the Value of the annuity fund is $290,465.28.

Next we need to find the Payments PMT to reach this amount in 20 years time at the interest rate of 8%

Using a Financial Calculator enter the following data

FV = $290,465.28

N = 20

R = 8 %

PV = $0

Thus, the Payments, PMT required will be $6,347.3080

Conclusion :

Annual contributions to the retirement fund will be $6,347.31

3 0

3 years ago

Is ordering a pizza for someone else illegal?

Over [174]

No, its not illegal to order a pizza for someone else

4 0

3 years ago