Answer:
Cross Price Elasticity of Demand is a measure of the complimentary or substitutional nature of two goods. It enables one to know if goods go together or are replacements for each other.
When the Cross Price Elasticity is Positive then both of the goods are Substitutes.
This is because when the price of one increased, some people abandoned it and went to the other one which then increased the demand of the latter.
If the Cross Price Elasticity is negative then both the goods are compliments because when the price of one increased, people decided to stop buying it and because the other good is a compliment (goes together) people didn't buy the latter either thereby reducing its demand.
The formula for Cross Price Elasticity is,
= % Change in Quantity Demanded of Good A / % Change in price of Good B
<u>Guppy Gummies and Frizzles. </u>
= -4%/ 5%
= - 0.8%
Cross Price Elasticity is Negative so they are Compliments.
It IS RECOMMENDED to market Frizzles with Guppy Gummies.
<u>Guppy gummies and Mookies</u>
= 5% / 5%
= 1
Cross Price Elasticity is positive so these are Substitutes.
It is therefore NOT recommended to market Mookies with Guppy Gummies.
Answer:
The correct answer is letter "A": One thing I am afraid to say in this group is...
Explanation:
Managers portraying weak images typically end losing control over their subordinates affecting a company's efficiency and effectiveness. Leaders must always be willing to impose their ideas when convenient for the whole group. They must provide firm, strong orders under those situations for the common benefit of their team. Mentioning employees:
"<em>One thing I am afraid to say in this group is...</em>";
shows the manager is not even sure of what he thinks. It is important to take into consideration the subordinates' points of view but before that, the leader must be sure of what he or she is doing.
B. Current. Currents are the way electricity travels, voltage is how many volts of electricity is in the current and amperage is the strength of the current.
Answer:
a. Corporations generally find it easier to raise large amounts of capital.
Explanation:
Because of limited liabiliy it is easier to raise capital.
Answer:
learning effects
Explanation:
Learning effects: In economics, the term "learning effects" is described as the process through which specific education is considered as increasing productivity and therefore results in producing higher wages. It gives an insight to the company to develop some competitive advantage by decreasing some of the production costs. However, the employees are focused on working more efficiently, decrease in the number of wastes and defects on several products.
In the question above, the given statement signifies the leaning effects.
