1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergiy2304 [10]
2 years ago
14

When the price of erasers increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elastici

ty of demand between erasers and pencils is ________ because erasers and pencils are ________.a. 1; substitutesb. 1/2; complementsc. 0; normal goodsd. 0; unrelatede. −1/2; complements
Business
1 answer:
Inga [223]2 years ago
3 0

Answer:

d. 0; unrelated.

Explanation:

Cross elasticity of demand is the degree of responsiveness of demand for a particular product to a change in the price of another product.

A change in price of a product will lead to a change in demand for another product if the two goods are either goods of close substitutes or if they are complements. If two goods are not related, the change in price of one will not have any impact on the demand for the other good.

In this question, the cross elasticity is zero because biro and pencil are not related.

You might be interested in
Target profit is $100,000; fixed overhead costs are $120,000 and fixed selling and administrative costs are $50,000. If total va
vlada-n [284]

Answer:

40%

Explanation:

The markup percentage to the variable cost using the variable cost method can be obtained by dividing the addition of the target profit and total fixed cost by the total variable cost as follows:

Total fixed cost = Fixed overhead costs + Fixed selling and administrative costs = $120,000 + $50,00 = $170,000

The markup percentage to the variable cost = (Target profit + Total fixed cost) / Total variable cost = ($100,000 + $170,000) / $675,000 = $270,000 / $675,000 = 0.40, or 40%.

Therefore, the markup percentage to the variable cost using the variable cost method is 40%.

3 0
3 years ago
If you were in a debate fighting for the rights of something what techniques should you use, just curious?
Crazy boy [7]
Techniques? Hm, well I’d definitely try to reason with them. I’d rely more on logos by giving facts or data that can be proven in some type of way.

This was the best answer I could give for right now, considering that I’m currently typing with one hand. Let me know if you have any further questions.
3 0
3 years ago
Briefly explain 3 arguments for and 3 against a national minimum wage.​
serious [3.7K]

FOR:

  • increased income for workers
  • more workers attracted to the workforce
  • less strain on federal resources for those in poverty

Against

  • more costly for businesses
  • possible unemployment due to job automation
  • higher prices for consumers.

Here are some basic arguments. You will need to explain these a bit more for your assignment though.

7 0
3 years ago
IBC stands for A None of the above B Idea Basics for Certifications C Industry Based Certification D Introductory Business Certi
Feliz [49]
C industry based certificate
3 0
2 years ago
Different prices are commonly charged to different groups of consumers for tickets at movie theaters, whereas the groups are cha
ankoles [38]
I think the explanation of this manner is that the concession items have a high-profit margin. It has more sales than the theater tickets. So to avoid the possible losses of income, the theater decides to make the prices of each item of concession stand must be the same to a different group of people. 
4 0
3 years ago
Other questions:
  • A way of buying, in which you can purchase goods or services and pay later, is called:
    10·1 answer
  • Alasia often deals with customers by traveling to their homes to install energy sources. She can also fix any issues the custome
    5·2 answers
  • What is the difference between the supply and the quantity supplied of a product say milk?
    9·1 answer
  • When short-term investments appear in the balance sheet at their current market values, it is an exception to the ______ princip
    5·2 answers
  • Division A sells ground veal internally to Division​ B, which in​ turn, produces veal burgers that sell for $ 20.00 per pound. D
    15·1 answer
  • Rauol is a receptionist for The South American Paper Company, which has strict corporate policies on appropriate use of corporat
    5·1 answer
  • You buy a seven-year bond that has a 5.25% current yield and a 5.25% coupon (paid annually). In one year, promised yields to mat
    5·1 answer
  • A firm has $3,600,000 in its common stock account and $36,000,000 in its paid in capital accountThe firm issued 450,000 shares o
    15·1 answer
  • Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $125,000. The
    5·1 answer
  • __________ generally makes drivers sloppy and aggressive. alcohol dramamine marijuana lsd submit answer
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!