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muminat
3 years ago
14

The price of peanut butter increased by 25% and the quantity of jelly demanded decreased by 50%. Using one decimal place and the

negative sign if necessary, the cross-price elasticity between peanut butter and jelly is _____.
Business
1 answer:
natulia [17]3 years ago
5 0

Answer:

-2

Explanation:

To find the cross price elasticity between to goods, we use this formula:

Cross Price Elasticity of Demand = % change in quantity demanded of good 1 / % change in the price of good 2

Now, we plug the amounts into the formula

Cross Price Elasticity of Demand = -50% / 25%

                                                      = -2

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Answer:

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4 years ago
On November 19, Nicholson Company receives a $18,600, 60-day, 10% note from a customer as payment on account. What adjusting ent
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Answer and Explanation:

The adjusting entry is as follows

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3 years ago
Main cause fir collision 2 words
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3 years ago
Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location an
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The opportunity cost can be define as a sacrifice whether on the side of an individual, a firm or government. The opportunity cost is the forgone alternatives in order to acquire a product or a services. To an individual, who aims at maximizing his utility from his limited available resources he will have to allocate these limited resources to those wants that are most important. Opportunity cost help an individual to make a judicious use of his scarce resources. .The opportunity cost is also important to a firm because the firm has to choose to allocate its limited available raw materials in the production of a particular product with high demand at the expense of other products with low demand in order to maximize profit.

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3 years ago
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The focus of Performance Based Logistics (PBL) is to leverage best practices of both Government and Industry.--- True

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PBL is synonymous with performance-based life cycle product support, where outcomes are acquired through performance-based arrangements that deliver Warfighter requirements and incentivize product support providers to reduce costs through innovation. These Product Support Arrangements (PSA) are contracts with industry or intragovernmental agreements.

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