Answer:
-2
Explanation:
To find the cross price elasticity between to goods, we use this formula:
Cross Price Elasticity of Demand = % change in quantity demanded of good 1 / % change in the price of good 2
Now, we plug the amounts into the formula
Cross Price Elasticity of Demand = -50% / 25%
= -2
Answer:
The production exhibit both scope economics and scale economics. They are not mutually exclusive.
Explanation:
Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.
In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.
Answer:
$34,500
Explanation:
Calculation to determine total revenues for the year
Using this formula
Total revenues=Increase in Assets+Decreased in liabilities+Dividends+Expenses
Let plug in the formula
Total revenues=($11,000-$19,000)+($9,000-$7,500)+$4,000+$21,000
Total revenues=$8,000+$1,500+$4,000+$21,000
Total revenues=$34,500
Therefore total revenues for the year is $34,500
The scrum master is meeting with the team to identify and commit to improvement areas that bring the most value. The formal event is this done in a sprint retrospective.
The scrum master enables to facilitate scrum to the larger group by making sure the scrum framework is accompanied. He/she is devoted to the scrum values and practices but must also remain flexible and open to possibilities for the group to improve their workflow.
A Scrum master (Scrum grasp), popularly known as the “servant leader” is a train, motivator, and chief of an Agile crew. The position of a Scrum master is to teach the group Agile techniques and assist crew contributors to comply with Scrum practices religiously.
A Scrum master is a professional who leads a team through the use of Agile assignment control thru the path of an undertaking. A Scrum grasp allows all of the conversation and collaboration between leadership and team players to ensure a successful outcome.
Learn more about scrum master here brainly.com/question/4763588
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Answer:
The correct answer would be lost market share and customers.
Explanation:
When companies start their business and their business starts to boom, they usually get busy in making their products better and better and usually forget to keep an active eye on the competition they have in the markets. Almost 80% of the business owners are clueless about the competition. Due to this negligence, companies start to loose their market share as well as the customers, because they don't have idea about what their competitors have introduced in the market and what strategies they have used to compete in the market.
