<span> The correct answer
follows; the cross price elasticity of demand for iceberg lettuce with respect
to romain lettuce is positive and the cross price elasticity of demand for
iceberg lettuce with respect to tomatoes is negative. Cross price elasticity is
being defined as a demand of which measures the quantity demand responsiveness
in regards of a good in which changes for another good. </span>
Answer:
The agreement is offering an implied interest rate of 10.16%.
Explanation:
Matthew borrowed $2,587.09 from his friend, but he will return $2,850, as 950 x 3 = 2,850.
Therefore, there is an excedent of $262.91, which constitutes an implied interest on the payment of the loan.
As 2,587.09 is the 100% of the loan, we have to know the percent that 262.91 represents in order to know the interest rate. We can know it by using a crossed multiplication:
2,587.09 = 100
262.91 = X
(262.91 x 100) / 2,587.09 = X
26,291 / 2,587.09 = X
10.16 = X
Therefore, the implied interest rate in this loan is of 10.16%.
Answer:
As you did not include the departmental allocation rate calculated or the question relating to it, I shall provide an allocation rate and you can relate this with your assignment.
Assume the allocation rate is $3.00
Labor, raw materials and overhead cost allocation hours are given in terms of 1,000 gallons already.
Cost of Strawberry:
= Direct labor + Raw materials + Overhead cost
= 766 + 816 + (60 hours * $3.00 allocation)
= 766 + 816 + 180
= $1,762
Cost of Vanilla:
= 841 + 516 + (70 * 3)
= 841 + 516 + 210
= $1,567
Cost of Chocolate:
= 1,141 + 616 + (100 * 3)
= 1,141 + 616 + 300
= $2,057
Answer:
Keep hot foods hot and cold foods cold
Explanation:
Bacteria multiply fastest within the "danger zone" which is the temeperature range of which food is basically "uncooked" or usually room temperature. Cooking foods at high temperstures, keeping hot foods hot, will eliminate bacteria due to heat.
Answer:
the value of the MktRS (market rate of substitution) is 0
Explanation:
The computation of the market rate of substitution is shown below:
Since it is mentioned that
You like apples half as pears
So the equation would be
X = 1 ÷ 2 Y
X ÷ Y = 1 ÷ 2
Now the market rate of substitution of the price is
= $2 ÷ $4
= 1 ÷ 2
So,
= 1 ÷ 2 - 1 ÷ 2
= 0
Hence, the value of the MktRS (market rate of substitution) is 0
The same is to be considered
