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enot [183]
3 years ago
7

When the price of a cell phone increases by 5 ​percent, the quantity of cell phone calls demanded decreases by 3 percent. calcul

ate the cross elasticity of demand for cell phone calls with respect to the price of a cell phone?
Business
1 answer:
Ratling [72]3 years ago
7 0

To calculate the cross elasticity of demand you divide the percent change in quantity by the percent change in price.

5/3 = 1.666

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Alex
D maybe sorry if wrong  i am not the best in history
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4 years ago
Julian, the owner of a t-shirt shop, attended an entrepreneurship workshop that 6) discussed the triple bottom line, which measu
hjlf

Answer:

D) social, environmental, and financial 

Explanation:

The triple bottom line is an accounting framework that recommends that companies should not only focus on maximising profit but they should focus on social and environment concerns.

I hope my answer helps you

8 0
3 years ago
esterday, Berryman Investments was selling for $50 per share. Today, the company completed a 7-for-2 stock split. If the total m
boyakko [2]

Answer:

The correct option is C, $14.29  

Explanation:

A 7-2 stock split means that 7 shares now have the value of 2 shares held previously.

This simply means that a stockholder who had 2 shares before the stock split now has 7 shares.

The price of the share after the stock split the value of 2 shares before stock split divided by 7 shares i.e   ($50*2)/7=$ 14.29  

The correct option from the multiple choices is $ 14.29  

4 0
3 years ago
If a firm uses the same company cost of capital for evaluating all projects, which situation(s) will likely occur? I) The firm w
kicyunya [14]

Answer:

I) The firm will reject good low-risk projects

II) The firm will accept poor high-risk projects

Explanation:

<h2>Cost of Capital:</h2>
  • The required return on the existing firm assets. It is based on the risk of assets.
  • The risk of firm’s overall assets is equal to the weighted average risks of firm’s debt, preferred stock and common equity.
  • The cost of capital of a firm equals the weighted average of the cost of debt, the cost of preferred stock, and the cost of common equity

Each project has different risk profiles, using one cost of capital for project evaluation might provide misleading results and the investor or company may end up accepting high risk projects or may reject low risk good projects.

6 0
4 years ago
Shane​'s Catering began with cash of $ 10 comma 000. Shane then bought supplies for $ 2 comma 700 on account.​ Separately, Shane
Elza [17]

Answer:

a. $12,700

b. $2,700

Explanation:

The $10,000 she began with is an asset to the company and is also the owners equity.

Equipment purchased reduces cash but gives rise to another asset (fixed assets) hence the assets value does not change. Supplies is purchased on account, resulting in the creation of an asset and a liability.

Hence total asset owned by Shane Catering

= $10,000 + $2,700

= $12,700

Total liabilities = $2,700

7 0
4 years ago
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