1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
babunello [35]
3 years ago
15

If the price of good X increases by 2%, and that causes the quantity demanded of good Y to increase by 10%, then the cross-price

elasticity of demand for good Y, with respect to the price of good X, is ________ ,and the two goods are _______.
Business
1 answer:
saul85 [17]3 years ago
4 0

Answer:

The cross elasticity of good X 5%, divide 10% of change in demand from the 2% of price increase in good Y.

The two goods are SUBSTITUTE Goods.

Explanation:

In substitute goods, when the price of one good increases, people start using less of that good and move onto use cheaper other goods that can be used instead of that good.

You might be interested in
James worked for an automobile plant that has now closed, as the parts produced are no longer needed. Which type of unemployment
Zanzabum

Answer:

"Structural Unemployment"

Explanation:

According to my research on the different types of unemployment that exist in the United States, I can say that the unemployment type described in the question is called "Structural Unemployment". This is an unemployment type that is caused by industrial reorganization, usually this happens when the industry adds new technology that can do certain employees jobs the same or better than them

unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.

4 0
3 years ago
Furniture purchased from Kailash for Rs. 6,000.​
Sav [38]

Answer:

What's the question or is this a statement?

Explanation:

?

7 0
2 years ago
Precise Machinery is analyzing a proposed project. The company expects to sell 7,500 units, ±10 percent. The expected variable c
statuscvo [17]

Answer:

$2,703,940

Explanation:

Calculation for the operating cash flow based on this analysis

Particulars Amount

Sales amount 6,375,000

(850*7,500)

Less vaiable cost 2,355,000

(314*7,500)

Less Fixed cost 647,000

Less Depreciation 187,000

PBT 3,186,000

Tax 21% 669,060

(21%*3,186,000)

PAT 2,516,940

(3,186,000-669,060)

Add: Depreciation 187,000

Operating cash flow $2,703,940

(2,516,940+187,000)

Therefore the operating cash flow based on this analysis will be $2,703,940

4 0
3 years ago
Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston:
Furkat [3]

Answer

Price elasticiy of demand for business travelers: -0.16

Price elasticity of demand for vacationers: -0.29

Explanation:

To find the price elasticy of demand (PED) using the midpoint method, we use the following formula:

PED = \frac{(Q2-Q1)/[(Q2+Q1)/2]}{(P2-P1)/[(P2+P1/2]}

Where Q2 and P2 are the new quantity demanded and new price respectively, and Q1 and P1 are the old quantity demanded and price.

Plugging the amounts into the formula we obtain the results of the answer.

Because both results are in absolute value less than one (0.16 and 0.29), we can say that the PED of tickets, for both vacationers and Business traveleres, is relatively inelastic. (Demand falls less in proportion to the change in price).

4 0
3 years ago
Knowledge Check 01 The difference between absorption costing net operating income and variable costing net operating income can
fgiga [73]

Answer:

Fixed overhead costs

Variable and fixed cost distinctions

less than absorption costing net operating income

Explanation:

Fixed overhead costs are costs that do not change with change in the volume of production activity. Rent of the production facility is an example of fixed overhead cost.

Variable costs are costs that change with change in the volume of production activity. Tax is an example of variable cost.

between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for <u>Fixed overhead costs</u>. all overhead costs fixed overhead costs selling and administrative expenses variable overhead costs Knowledge Check 02 Absorption costing income statements ignore <u>Variable and fixed cost distinctions</u>. direct materials and direct labor costs direct and indirect cost distinctions product and period cost distinctions variable and fixed cost distinctions Knowledge Check 03 When the number of units produced is greater than the number of units sold, variable costing net operating income will be <u>less than absorption costing net operating income</u>. the same as absorption costing net operating income greater than absorption costing net operating income less than absorption costing net operating income

4 0
3 years ago
Other questions:
  • Waterways puts much emphasis on cash flow when it plans for capital investments. The company chose its discount rate of 8% based
    5·1 answer
  • The management of Truelove Corporation is considering a project that would require an initial investment of $321,000 and would l
    12·1 answer
  • ________ are defined as organized cognitive representations of the key elements within a team's environment that team members sh
    11·1 answer
  • What is indigenous bookkeeping
    15·1 answer
  • The LM curve illustrates that when income increases:________.
    15·1 answer
  • A campus deli serves 200 customers over its busy lunch period from 11:00 a.m. to 1:00 p.m. A quick count of the number of custom
    7·1 answer
  • The calculation of the payback period for an investment when net cash flow is even (equal) is:
    5·1 answer
  • Companies in the same industry often select very different distribution networks, because the choice of the distribution network
    11·1 answer
  • Consider a Cobb-Douglas production function with three inputs. K is capital (the number of machines), L is labor (the number of
    10·1 answer
  • One of the reason why there's a need for human resource planning
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!