Answer:
0.4
Explanation:
Given that,
Convenience store advertises 50% off frozen slushies: This means that the price of slushies decreases by 50%.
20% Fewer sales of fountain drinks: This means that the quantity demanded of fountain drink decreases by 20%.
Percentage change in the price of slushies = 50%
Percentage change in the quantity demanded of fountain drink = 20%
Cross price elasticity measures the responsiveness of quantity demanded for one good to any change in the price level of the other good.
Therefore, the cross elasticity between slushies and fountain drinks is as follows:
= Percentage change in the quantity demanded of fountain drink ÷ Percentage change in the price of slushies
= 20 ÷ 50
= 0.4
Therefore, the positive cross price elasticity indicates that these are the substitute goods.
The answer is true. Individuals who need to work for themselves frequently like to work their business, at any rate at first, as a sole proprietorship. Leeway of the sole proprietorship is that it is a generally simple and cheap type of business to set up. One disadvantage of a sole proprietorship is that the proprietor has boundless obligation. Notwithstanding, right now, Eric isn't stressed over hazard. The boundless risk factor does not seem, by all accounts, to be an issue for him.
Goodwill would be unable to measure the standardize tests.
Answer:
The payment made by Cordelia
Explanation:
In the scenario it stated clearly that Rupert filled out what would have been a normal application form for operational license in the country
However Cordelia using connections was able to schedule a meeting with the government official that <u>has the authority to determine which foreign companies get licenses, and pays him $200 to approve their license.</u>
Cordelia payment is nothing short of bribery and corruption because it is not a legally required payment and the motive was clearly to unduly influence the minister to approve their license.
Such payment will likely violate the foreign corrupt practices act
