Answer:
The correct answer is: Zero, Option c.
Explanation:
The price elasticity of demand shows the change in the quantity demanded of a commodity due to a change in the price of the commodity.
The cross-price elasticity is the change in the quantity demanded of a product because of a change in the price of related good.
The cross-price elasticity is calculated by finding the ratio of proportionate change in quantity demanded and proportionate change in price.
Cross-price elasticity in this situation will be
= 
= 
= 0
The cross-price elasticity is zero. This implies that the two goods have no relation.
Journal entries
Dr Allowance for uncollectible account $41,000
Cr Account Receivable $41,000
Dr Account receivable $3,600
Cr Allowance for uncollectible account $3,600
Dr Cash $3,600
Cr Account receivable $3,600
Answer:
Societal marketing orientation
Explanation:
Options include "a. Societal marketing orientation
, b. Production orientation
, C. Sales orientation
, d. Market orientation
Societal marketing orientation is an idea to engage the customers in marketing movement of the company. If the customers evangelize the product on the company’s behalf the company finds success very easily and efficiently. Societal marketing orientation not only focuses on the needs of the customers but also on the fulfillment of the social responsibility
Answer and explanation:
The difference between constructive and normative economic statements is considerable. Economists use both types of statements when addressing economic issues with varying degrees of objectivity. Positive statements state facts, which show no signs of endorsement or disapproval. Normative economics includes assumptions related to subjectivity and meaning.
1)<em> The sugar quota in the United States costs consumers $6.08 billion a year. </em><u><em>(Positive statement)</em></u>
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2)<em> Higher tariffs on imported automobiles would decrease the demand for foreign-made cars. (</em><u><em>Normative statement)</em></u>
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3)<em> International trade should be limited because it can cause some workers to lose their jobs. (</em><u><em>Normative statement)</em></u>
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4)<em> International trade makes some people better off and some people worse off. </em><u><em>(Positive statement)</em></u>
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5)<em> The U.S. should impose import quotas in the market for consumer electronics to help domestic workers. </em><u><em>(Normative statement)</em></u>
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6)<em> The sugar quota in the U.S. is good public policy and should be made stronger. (</em><u><em>Normative statement)</em></u>
