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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.

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Guerilla Radio Broadcasting has a project available with the following cash flows : Year Cash Flow 0 −$15,700 1 6,400 2 7,700 3
drek231 [11]

Answer: 2.36 years

Explanation:

Payback period is the amount of time it will take to pay off the initial investment/ outlay which in this case is $15,700.

= Year before investment is paid + (Amount remaining/ Cashflow in year of Payback)

Add up the cashflows to find the year before payback;

= 6,400 + 7,700

= $14,100

Year before payback = 2

Amount remaining;

= 15,700 - 14,100

= $1,600

Payback period = 2 + (1,600/ 4,500)

= 2.36 years

5 0
3 years ago
Suppose a crime wave hits West Philadelphia, so that the marginal product and average product of police officers are now 60 arre
Stells [14]

Answer:

The ideal allocation of 500 police officers should be in West Philadelphia.

Explanation:

We must first describe what the word "allocation" means. Allocation refers to a place that, due to some circumstance, needs to be considered as a place for the allocation of resources. These resources can be money, materials, raw materials, labor, among others.

In the question above, we can see that a wave of crime broke out in Philadelphia, making this region a place that is in need of a specific resource, police. In this case, the ideal allocation of 500 police officers is in West Philadelphia, where the number of crimes is very large and there is a need for professionals like the police.

8 0
3 years ago
Read 2 more answers
Both a wife and her husband work in the airline industry. They are in their 40s and they have a high tax bracket and are concern
Serjik [45]

Answer: % money market; 30% long-term bonds; 5% commodities; 60% stocks, most with low dividends and high growth prospects (option D)

Explanation:

Since liquidity is not currently a major concern to the couple, investment in the money market can be low and also no investment is needed in the high dividend paying stocks.

Option A and C involve significant investment in the high dividend yielding stocks so they're ruled out. We are now left with Option B and D

Long term bonds usually pay less than the required rate that this couple is considering, therefore a significant amount must be invested in high yield return securities. This will make option D the right answer since it fulfils all the required objectives.

8 0
3 years ago
Your product costs $5.00
Maru [420]
$10 Brainliest please
8 0
1 year ago
Give an outline of the differentiating characteristics of a monopolistic competition and an oligopoly market structure.
Alexus [3.1K]
Both Monopoly and Oligopoly have large market shares. Unlike monopoly where only one business holds 100% of the market, oligopoly is composed of a few businesses that have market shares. Each movement or decision made by any companies in an oligopoly will greatly affect the market.

Monopoly = 100% market share, has a say on supply and price of goods or services offered.

Oligopoly = 2 or 3 companies share the market. Each have at least 33% of the market. Any change made by one business will affect the other remaining businesses.
4 0
2 years ago
Read 2 more answers
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