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3 years ago

14

Cindy has just opened a hair salon and wants to bring more customers in. She's just starting out so she doesn't having anything

free to offer, but she can adjust her regular prices if it will increase her overall sales. Which sales promotion is she considering?

2 answers:

valentinak56 [21]3 years ago

8 0

Answer:

Discount

Explanation:

ELEN [110]3 years ago

3 0

Answer:

Discount

Explanation:

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If the cross-price elasticity of two goods is negative, then the two goods are a. inferior goods. b. normal goods. c. complement

Solnce55 [7]

Option C. If the cross-price elasticity of two goods is negative, then the two goods are <u>complements.</u>

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What is Cross-Price Elasticity?

Cross-price elasticity measures how sensitive the demand of a product is over a shift of a corresponding product price.
Often, in the market, some goods can relate to one another.
This may mean a product’s price increase or decrease can positively or negatively affect the other product’s demand.
A price increase of a complementary product will lead to lower demand or negative cross-price elasticity, and a price increase in a substitute product will lead to increased demand or a positive cross-price elasticity.
Unrelated products have zero cross-price elasticity.
For substitute products, an increase in the price of a substitute product increases the demand for the competing product.
This is often because consumers always try to maximize utility.
The less they spend on something, the higher the perceived satisfaction.

To know more about cross- price elasticity , refer:

brainly.com/question/15308590

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4 0

1 year ago

What is an incentive?

77julia77 [94]

Answer:

it acts as a stimulus to a market

Explanation:

an incentive is the extra money given to an employee for the constant hard work done,this can therefore act as a stimulus.

I hope this helps

8 0

2 years ago

A firm doubles the quantity of all resources it employs and, as a result, output doubles. Which of the following is correct?

Nuetrik [128]

Answer:

The long-run average total cost curve is flat

Explanation:

When the quantity of all the resources is doubled and, as a result, output doubles then the firm experiences constant returns to scale.

6 0

3 years ago

Which of the following is true about multicollinearity?

Komok [63]

Answer:

d. It is best measured using the statistic variance inflation factor (VIF).

Explanation:

Multicollinearity is an important issue in multiple regression model, having many independent/ explanatory variables. Multicollinearity is the situation in which two or more independent variables are highly correlated. It is problematic because it increases the standard error of independent variable coefficient & undermines its statistical significance

Variance Inflation Factor [VIF] is a check & corrective measure of multicollinearity.

VIF as a multicollinearity check : It quantifies the correlation between one explanatory variable with other explanatory variables.VIF = 1 implies there is no multicollinearity (correlation between independent variables); VIF upto 5 implies there is moderate multicollinearity (correlation between independent variables). VIF > 5 implies high multicollinearity (correlation between independent variables)
VIF as a multicollinearity correction : Calculating $Var (\beta j )$ = σ^2 / $[TSS j (1 - R^2j)]$ ; where TSS = total sum of square of variable j , σ^2 = j variance, R^2 j = R^2 from regressing all other independent variable on variable j

3 0

2 years ago

Zachary Corporation expects to incur indirect overhead costs of $163,150 per month and direct manufacturing costs of $19 per uni

Arlecino [84]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Estimated overhead cost a month= 163,150

Direct manufacturing costs= $19 per unit.

Estimated production in units

January= 4,800

February= 8,600

March= 4,600

April= 7,100

Total= 25,100 units

Total overhead= 163,150*4= $652,600

A) To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 652,600/25,100= $26 per unit

B) To allocate overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

January= 26*4,800= $124,800

February= 26*8,600= $223,600

March= 26*4,600= $119,600

April= 26*7,100= $184,600

C) The total cost per unit is calculated using the allocated overhead and the direct manufacturing cost per unit.

Total cost per unit= unitary overhead + direct manufacturing cost per unit

Because the unitary allocated overhead and direct manufacturing cost per unit remain constant during the four months, the total cost per unit is the same.

Total cost per unit= 26 + 19= $45

5 0

3 years ago