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Colt1911 [192]
2 years ago
10

Although we could describe both the cross-price elasticity of demand between paper coffee cups and plastic coffee lids and the c

ross-price elasticity of demand between sugar and artificial sweeteners as highly elastic, the first cross-price elasticity is negative and the second is positive. This is because:
Business
1 answer:
Lorico [155]2 years ago
3 0

Answer:

The paper cups and plastic cover lids are complimentary products. When you purchase plastic cups it follows that you would buy the plastic cover. Increase in demand of one leads to increase in demand for the other.

Meanwhile relationship between sugar and artificial sweeteners is one of substitution. Since sugar can replace artificial sweetener and vice versa, increase in demand for on will result in reduced demand for the other.

Explanation:

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Henry works as an assembly line worker at MM Corporation. Two weeks back, he suffered multiple fractures while trying to repair
Ivenika [448]

Answer:

he is still getting paid while he is out. He probably has a doctors note.

Explanation:

idk what the question is.

8 0
3 years ago
With access to the Internet nearly universal in the United States, many potential market segments have become more perceptive. r
NeX [460]

Answer: reachable

Explanation:

It’s right trust me!

5 0
2 years ago
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.5 hours of direct labor at the r
swat32

Answer:

The correct option is D

Labour budget = $1,974,175

Explanation:

The labour budget is the product of the standard labour cost per unit and the budgeted production in units

Labour budget = standard labour cost× production budget in unit

The production budget can bed determined by adjusting the sales budget for closing and opening inventories.  

Production budget = Sales budget +closing inventory - opening inventory

Production budget = 39,000 + 100 -200 = 38,900 units

Labour budget = $14.50× 3.5× 38,900 = $1,974,175

Labour budget = $1,974,175

6 0
2 years ago
LO 3.4If the sales mix in a multi-product environment shifts to a higher volume in low contribution margin products, the break-e
kompoz [17]

Answer:

Option 1 is wrong because in the case of multi-product, breakeven is weighted average which means the sales price will weighted average of sale prices of all the multi-products in the sales mix. If we change the weightings the weighted average costs and selling prices changes and so the contribution changes.

Option 2 is also sligthly wrong because Contribution margin per composite unit decreases if the volume of low contribution margin products increases in the sales mix. This means:

Breakeven Point=Fixed Cost/ Contribution per unit.........equartion 1

If the contribution per unit has been decreased the breakeven will rise.

Its impact depends upon the portfolio of products company is managing. It means it increases breakeven with high effects if the products in sales mix 2 to 3.

Option 3 is 100% right because equation 1 is

Breakeven Point=Fixed Cost/ Contribution per unit

Which says

If the contribution per unit has been decreased the breakeven will rise.

Option 4 is absolutely wrong because if we shift to higher volume in low contribution margin products, Contribution margin per composite unit decreases if the volume of low contribution margin products increases

which means Weighted average contribution has been decreased and as a result breakeven point according to equation 1 has been incresed.

5 0
3 years ago
An airport parking lot charges $5.00 for the first two hours of parking and $0.75 for each additional half hour or part thereof.
VLD [36.1K]

Answer:

$14

Explanation:

Sam parks his car for 8 hours, the first two hours cost $5 and he would pay $0.75 for every half hour after the first two hours . That means he would pay $1.50 for every hour after the first two hours.

He spent 6 hours extra. The total amount that would be paid = $1.50 × 6 = $9

He would pay a total of $9 for the 6 hours extra he parked his car.

The cost of parking for the 8 hours is = $9 + $5 = $14

I hope my answer helps you

3 0
3 years ago
Read 2 more answers
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