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Misha Larkins [42]
3 years ago
12

Good X and Good Y are related goods. When the price of Good X rises by 20 percent, the quantity demanded for Good Y falls by 40

percent. What is the cross-price elasticity?
Business
1 answer:
ch4aika [34]3 years ago
4 0

Answer:

-2

Explanation:

Good X and Y are related goods

When the price of Good X rises by 20 percent the quantity for Good Y falls by 40 percent

Therefore the cross price elasticity can be calculated as follows

= -40/20

= -2

Hence the cross price elasticity is -2

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Answer:

$12,240

Explanation:

Social security Tax = $80,000 x 12.4%

Social security Tax = $9,920

Medicare Tax = $80,0000 x 2.9%

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Total tax = $9,920 + $2,320

Total tax = $12,240

3 0
3 years ago
Cecelia's government provides for her basic needs. In return, Cecelia works in the factory downtown, as she always has since the
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The choices can be found elsewhere and as follows:

<span>A. a market system
B. a planned system
C. a mixed system
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To develop a portfolio that provides the best return possible with a minimum risk, the linear programming model will have an obj
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Answer: a.)maximizes the minimum return.

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3 years ago
The rest of the world sees problems; Martin sees opportunity. He made money in real estate and lost it when the recession hit. B
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Answer:

Resilience

Explanation:

In psychology, the term resilience refers to the process of coping with trauma, tragedy or adversity and adapt to it. But it doesn't only refer to the process of adaptation but actually it involves personal growth. In other words, the person grows thanks to the adversity, the person also sees problems as an opportunity to learn and become a better person.

In this example, Martin sees opportunity where the rest of the world sees problems, he made money and lost it but he's wealthy again. We can see that Marty has coped with adversity (the recession) but he adapted to it and he found a way to go through that and earn a living and become wealthy again, thus, this is an example of high resilience.

8 0
3 years ago
Assume the current U.S. dollar-yen spot rate is 90 ¥/$. Further, the current nominal 180-day rate of return in Japan is 1% (annu
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Answer:

Explanation:

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rf - periodic interest rate in the foreign currency

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3 0
2 years ago
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