Answer:
Horizontal
Explanation:
Increasingly commonplace today is the appearance of two different franchise chains under the same roof, such as Pizza-Hut and Taco Bell. This is an example of a horizontal marketing system.
Answer:
The correct answer is option B.
Explanation:
Cathy spends all of her income on 20 units of good X and 25 units of good Y.
Cathy's marginal utility from the 20th unit of good X is 9 utils, and her marginal utility from the 25th unit of good Y is 17 utils.
The price of good X is $0.50 per unit and the price of good Y is $1.00 per unit.
The total utility from consumption of both the goods will be maximized when the ratio of the marginal utility derived and price of the good is equal for both the goods.
The ratio for good X
=
= 18
The ratio for good Y
=
= 17
Since the ratio is greater for good X, it means that Cathy should consume less of good X and more of good Y to increase total utility.
Based on her monthly income, her fixed expenses, and her variable income, Tamari's net income is $1,137.
<h3>What is Tamari's monthly net income?</h3>
This can be found as:
= Net income - Fixed expenses - Variable costs
Solving gives:
= 4,350 - 1,955 - (28% x 4,350)
= 4,350 - 1,995 - 1,218
= $1,137
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Answer:
1.86 and elastic
Explanation:
The computation of the price elasticity of supply using the mid point method is shown below:
= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity supplied is
= Q2 - Q1
= 10 - 4
= 6
And, average of quantity supplied is
= (10 + 4) ÷ 2
= 7
Change in price would be
= P2 - P1
= $40 - $25
= $15
And, average of price would be
= ($40 + $25) ÷ 2
= 32.5
So, after solving this, the price elasticity of supply is 1.86
Since the price elasticity is more than one so it is a elastic
If the inflation rate is 5%, your ending salary would actually have the same buying power of 71,250. So in actuality, you only got a raise of 21,250.
If you need raise per year, divide 21250/6 = 3541.67 per year