Answer:
- Cross-price elasticity = -4
- Goods are compliments.
Explanation:
The cross-price elasticity of two goods refers to how the change in price of one affects the change in price of another. It also shows which goods are compliment or substitutes.
Complimentary goods have a negative cross-price elasticity and substitutes have a positive one.
Cross price elasticity = % change Quantity demanded of X / % change in Price of Y
= -20% / 5%
= -4
These goods are compliments as the cross-price elasticity is a negative.
Answer:
there is a direct relationship between price and the quantity supplied.
Explanation:
If price rises, supply will rise because suppliers will see the opportunity to earn more profit.
If price falls, supply will fall due to low opportunity of profit to the suppliers.
Dixon ills has fundamentally historically and natural law
The primary source of funding for positive npv projects by U.S. nonfinancial firms is internally generated funds
Internally Generated Monies are funds that are not the result of a loan, a debt issue, an equity issue, the sale of an asset, an insurance recovery, or any other debt. Internal funding is the practice of paying for energy efficiency, renewable energy, or other generation initiatives out of an organization's current financial resources as opposed to seeking outside funding. By dividing the bank's retained earnings by the average equity balance of all stockholders for a specific accounting period, the internal capital generation rate is determined.
Learn more about Internally Generated funds here
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In terms of establishing an account receivable billing policy
and procedure includes the determining or knowing the number the days that has
been done between billings because this is essential to know if the policy is
upheld and proper procedures is being done.
