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Soloha48 [4]
3 years ago
5

If the price falls by 50% and the quantity demanded falls by 25%, find cross price elasticity of demand

Business
1 answer:
Rashid [163]3 years ago
6 0
Simply divide the percentage change in the quantity demand with the percentage change in price, giving you a positive value of 0.5. This shows that it is inelastic and the two goods are substitutes to each other.
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The Work-in-Process inventory account of a manufacturing firm shows a balance of $3,250 at the end of an accounting period. The
max2010maxim [7]

Answer:

$1.25

Explanation:

With regards to the above and given that;

Direct material = $510 310

Direct labor = $410 $670

Manufacturing overhead?

Work in process = Direct material + Direct labor + manufacturing overhead

$3,250 = $820 + $1,080 + MOH

$3,250 - $1,900 = MOH

MOH = $1,350

Overhead rate = MOH/Direct labor hour

= $1,350/1080

= $1.25

3 0
3 years ago
A lottery game requires that you pick 6 different numbers from 1 to 84 . If you pick all 6 winning​ numbers, you win the jackpot
larisa [96]

Answer:

There is 2,348,889,264 way to pick exactly 5 out of the 6 winning numbers.

Explanation:

hi, we need to use a combination in order to get 5 out of the 6 winning numbers of a ticket without regard to order. The formula is as follows.

C(n,r)=\frac{n!}{r!(n-r)!}

Where:

n = total numbers in the lottery (in our case, 84)

r = winning numbers (in our case, 5)

everything should look like this:

C(n,r)=\frac{84!}{5!(84-5)!}

C(n,r)=\frac{84!}{5!(79)!}

C(n,r)=\frac{84*83*82*81*80}{5*4*3*2}=2,348,889,264

Best of luck.

3 0
3 years ago
Rather than conversing with long-winded people on the telephone, you may choose to correspond with them via a/an A. personal vis
BartSMP [9]
Hello there~


The correct answer is C - Email message.


Personal visit is not good because you are too busy with other stuff. You can't send them letter because letter wasn't created to chit chatting about business with people. Messenger is too social media thing. So, email is the best.


I hope this helps!
7 0
3 years ago
Read 2 more answers
Bank's Balance Sheet
avanturin [10]

Answer:

1. increase securities , increase owners equity

2. Leverage ratio is 5.2

3. A. The return on each asset

Explanation:

1. If the bank owner decide to imcrease assets by buying new securities through additional funds from them, then securities assets increases by $200 and owners equity increases by $ 200 to balance the balance sheet

2. Leverage ratio= total assets divided by owners equity

= 1950/375= 5.2 ( owners equity increases by $200 to make $375)

3. Banks consider return on assets to allocate asset resources because they weigh risk and return and allocate to resources on the basis of greatest optimal risk return combination

4 0
4 years ago
Firms and workers expect inflation to rise from 3% to 5% next year. As a result, this should
yaroslaw [1]

Answer:

Option B. Shift the short-run aggregate supply curve down.

Explanation:

The reason is that the inflation increases the price of the product which results in decrease in the demand of the product and this decrease in the demand of the product due to increasing inflation results in decrease in the supply of the product because the firms have to control the marginal cost of the product to lower the prices and stay in demand. Hence option B is the correct option.

6 0
3 years ago
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