Answer:
1.33
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
Cross price elasticity = percentage change in quantity demanded of good F / percentage change in price of good E
12% / 9% = 1.33
I hope my answer helps you
In order to determine average variable cost, the firm's variable costs are divided by the amount of output.
<h3><u>
What is average variable expense formula?</u></h3>
The variable cost per unit in economics is the average irregular cost. By dividing the overall variable cost by the output, one may get the average variable cost. In the near term, the businesses utilize the average changing cost to choose when to end their presentation.
<h3><u>How do you calculate variable cost examples?</u></h3>
More specifically, the two primary categories of variable costs—total labor costs and total material costs—combine to form unstable costs. As an alternative, variable costs may be calculated by dividing the cost per unit by the overall quantity produced.
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It should be noted that cost-benefit analysis is the way to compare the costs and benefits of a project expressed in monetary units.
<h3>
What Is a Cost-Benefit Analysis?</h3>
A cost-benefit analysis is the systematic process which businesses use on order to analyze which decisions to make and the ones that will be forgo. The cost-benefit analyst simply sums the potential rewards that are expected from a situation and then subtracts the total costs that are associated with taking that action.
The major steps in a cost-benefit analysis
- Specify the set of options.
- Decide whose costs and benefits count.
- Identify the impacts and select measurement indicators.
- Predict the impacts over the life of the proposed regulation.
- Monetize and place dollar values on impacts.
Before the class goes on a field trip to Walt Disney World in Orlando, it's important to conduct a cost-benefit analysis that will be used to evaluate all the potential costs and the revenues which the class might generate from the project.
Then, the outcome that is gotten from the analysis will determine whether the project will be financially feasible or whether the company can pursue another project.
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One would be getting out of credit card debt.
<span>another would might be having a savings account in case you lose a job.</span>
Break-even point (in dollar sales):
Determine the monthly break-even point for the new toy in dollar sales as shown below:
Break-even point (in sales dollars) = Break-even point (in units) × Selling price per unit
=50,115 units $2.60 each
= $130,299
Thus, the break-even point (in sales dollars) is $130, 299.
The break-even point is the point at which total costs equal total sales. In other words, there is no loss or profit for small businesses. This means that we have reached a stage of production where the cost of production equals the revenue of the product. A breakeven point is used in multiple areas of business and finance.
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