Cross elasticity of demand measures the responsiveness in the quantity demand of one good when a change in price takes place in another commodity or good. It is calculated by dividing the percentage change in the quantity demanded of one good by the percentage change in price of other good.
Therefore, in this case, cross elasticity of demand will be;
17%/-2% = - 8.5 (-2% because its a decrease)
Thus , the elasticity will be -8.5
Answer:
using the predetermined overhead rate
Explanation:
The indirect cost is also known as the overhead cost. The overhead cost are those cost which is related to the factory expenses like - depreciation, property taxes, utility expense, rent expense, repairs expense, indirect labor, and indirect material cost, etc
As we know
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours) or (estimated machine labor-hours)
As the case maybe
By using the predetermined we can easily allocate the indirect cost to the specific cost
Answer:
$200 billion
Explanation:
Okun's law (or rule of thumb) states that for every 1% point drop in unemployment, the total output of the economy will increase by two percent.
In this case, since unemployment varies by 1% (= 5.5% - 4.5%), that would mean that the potential GDP differs in $200 billion (= $10 trillion x 2%) depending on which economist's unemployment estimation we use.
Answer:
False
Explanation:
You can only say an aspect of product performance is mission critical is the sensitivity of the price has been suppressed. Hence the safety of an automobile is a very important factor hence price sensitivity should not increase. In a situation where the product performance is not regarded as mission-critical and if the product fails it is not so significant, then price sensitivity increases.
<span>Local Publics is the marketing micro environment that Rondoll Mart used here for having the advantage by providing the service of free meals to those who faced loss in the Hurricane. The interactions done here with the local civilians form a strong base of marketing for the mart.</span>
