1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IgorLugansk [536]
3 years ago
5

At the current prices of goods X and Y, the quantity demanded of good X is 10 units, and the quantity demanded of good Y is 5 un

its. The cross-price elasticity of demand between goods X and Y is 0.6. A 10 percent increase in the price of good Y will result in _________.
Business
1 answer:
damaskus [11]3 years ago
8 0

Answer:

When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

Explanation:

The cross elasticity of goods x and y is 0.6, which means that a one percent increase in price of good y will increase the demand for good x by 0.6%, this means that x and y are substitute goods, as when the price of y increases people tend to buy more of x.

When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

You might be interested in
Q 2.29: Val-Tek has current assets of $1,700,000 and current liabilities of $900,000. If they pay $100,000 owed to a creditor, w
irina1246 [14]

Answer:2 : 1

Explanation:

current ratio = current asset/current liability

If current liability was $900,000 less $100,000= $800,000

Therefore the current ratio=

$1,700,000/$800,000 =

2 : 1

3 0
3 years ago
Read 2 more answers
The disadvantage of owning a mutual fund that invests in common stocks is the risk of loss of ___.
Ludmilka [50]

Answer:

"Principal" Since the value of common stock could decline to zero, investors do carry the risk of losing their entire principal. That risk is greatly reduced when investing in bonds, because if you hold a bond to its maturity date, you will at least get back the par value ($1000) of the bond.

Hope this helps :) -Mark Brainiest Please :)

5 0
3 years ago
You hold a portfolio consisting of a $5,000 investment in each of 20 different stocks. The portfolio beta is equal to 1.12. You
bija089 [108]

Answer:

The new beta of the portfolio 1.17

Explanation:

Portfolio beta is sum of weighted beta of all stocks consisting of it.

Portfolio beta = 1.12

Weight of each portfolio = 5,000

All weight or Amount = 5,000 * 20 = 100,000

Weight of one stock = 5,000 / 100,000 = 0.05

Foregone beta or beta of sold stock = 1

Acquired beta or beta of purchased stock = 2

Weight of both are same = 0.05

New beta = Portfolio beta - (foregone beta * weight) + (Acquired beta * weight)

New beta = 1.12 - (1 * 0.05) + (2 * 0.05)

New beta = 1.12 - 0.05 + 0.1

New beta = 1.17

So New portfolio beta is 1.17

6 0
3 years ago
A shoe company invests $300,000 in equipment to produce a new line of athletic footwear. Each pair of shoes costs $15 to produce
jekas [21]

Pair of footwear costs $15 to supply and sells for $70.A shoe organization sells 5455 gadget pairs of shoes.

The costs function refers back to the useful dating between cost and output. It studies the behavior of price at distinctive ranges of output while generation is assumed to be steady. it may be expressed as under C= f(Q) (here, C= price of production; and Q= Quantum of output).

The Costs function measures the minimal value of producing a given degree of output for some fixed element costs. The fee feature describes the economic opportunities of a company. type of quick-run price features: average (total) fees. average constant charges.

A price feature is a characteristic of input expenses and output quantity whose cost is the price of making that output given the ones enter prices, often carried out via using the cost curve with the aid of agencies to reduce fees and maximize manufacturing performance.

Learn more about  costs function here: brainly.com/question/2292799

#SPJ4

5 0
1 year ago
The essential difference between a command economy and a market economy is that in a market economy
damaskus [11]

Answer:

b  buyers and sellers determine resource allocation.

Explanation:

The market is regulated by the interaction between Sellers and Buyers. However, in a Command economy the market is regulated by the government policies.

4 0
2 years ago
Other questions:
  • Based on the following information, what would be recorded as purchases discount if the invoice is paid within the discount peri
    12·1 answer
  • A business firm is collaborating on an initiative with a nonprofit organization by providing public-relations training to workin
    15·1 answer
  • If 11 workers can produce a total of 54 units of a product and the 20 worker has a marginal product of six units what is the ave
    13·1 answer
  • Eastwood Enterprises offers horseback riding lessons. During the month of June, the company provides lessons on account totaling
    12·1 answer
  • ​ National Drilling Company ships its only pump to American Hydraulics Corporation, the manufacturer, for repair. National hires
    9·1 answer
  • An examination of the Ricardian model of comparative advantage yields the clear result that trade is (potentially) beneficial fo
    15·1 answer
  • calculator solutionvChang is investing $2,500 today and will do so at the beginning of each of the next six years for a total of
    5·1 answer
  • Kekiwi Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and
    14·1 answer
  • Ana, a project manager, has been asked to estimate the cost of the project. She wants that cost estimate for the project to be a
    14·1 answer
  • The activity that involves creating, communicating, delivering, and exchanging offerings that have value for customers, clients,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!