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
r-ruslan [8.4K]
2 years ago
12

Suppose that you are a staff economist with an economic consulting firm. The operator of a local harbor has commissioned your fi

rm to do a market analysis of the demand for berths (parking spaces) for boats. Your firm finds that the cross-price elasticity between berths and boat fuel is -2.15. You've just completed your study of elasticities and are asked to make a recommendation based on this information. If the price of boat fuel in the area increases by 4% with no change in the price of a berth, the quantity of berths that people demand will:
Social Studies
1 answer:
Brut [27]2 years ago
7 0

Answer:

Following the formula E= ΔX/ΔY

where  ΔX= changes in the quantity of berths

and  ΔY= changes in the price of fuel

The result is that after a 4% increase in the price of fuel, the quantity of berths will decrease in 8.6%.

Explanation:

Cross-Price Elasticity is the result of the division between the porcentual changes in quantity of the good X (in this case berths) against porcentual changes in the price of good Y (in this case the price of fuel). In this case they are complementary goods, and an increase in one will decrease the quantity of the other.

You might be interested in
How humans affect the environment and how the environment affects humans are the focus of?
REY [17]
The correct answer is environmental sociology.

Environmental sociology is a branch of sociology that studies the interactions between humans and the environments they live in. Environmental sociologists are interested in investigating <span>how individuals perceive environmental problems and their awareness of them, how different societies differ in their perception of environmental issues, and approaches individuals and societies adopt when it comes to protecting the environment.</span>
6 0
2 years ago
Nadine is a worrier. She worries about her family, her friends, and herself. She is particularly aware of potential hazards in t
Marrrta [24]

Answer:    Reciprocal determinism

Explanation:  As the name of this psychological phenomenon implies, it is a reciprocity established between the influence of the environment on the individual, but also the reverse influence of the individual on the environment. This theory of Albert Bandura talks about personal factors and behavior of a person on the one hand, and social circumstances, environment on the other, which exert influence on one another.

So Nadine shows concern for everyone around her, influenced by the environment, claiming that the world is a dangerous place. However, how Nadine influences the environment, according to Bandura, her personal cognitive skills and attitude, that is, her reactions to environmental events, also determines and shapes her thinking about the environment. Thus, the reactions of the individual may be too weak or too strong, at some event, at some point.

8 0
2 years ago
Greg and Jose have both been diagnosed with schizophrenia. Greg's primary symptoms include lack of motivation and long periods o
Ludmilka [50]

Answer:

Jose's symptoms are considered Paranoid Schizoprhenia.

Explanation:

Not sure about Greg's symptoms

6 0
2 years ago
What are the key figures of ancient greece.
navik [9.2K]

Answer:

Alcyoneus , a giant usually considered to be one of the Gigantes, slain by Heracles.

Chthoniusson son of Poseidon and Syme, who founded the first colony on the island of Syme, which was named after his mother.

Damysus , the fastest of all the Giants in the Greek mythology.

Enceladus, typically slain by Athena, said to be buried under Mount Etna in Sicily.

4 0
3 years ago
Explain whether the following statement is a fact or an opinion: "Capitalism is a better system of government than communism." G
Korolek [52]
Im 99% sure that this is an opinion because it isn't for a fact true.
8 0
3 years ago
Other questions:
  • 18)
    8·2 answers
  • According to Piaget's theory of moral development, 5- to 7-year-old children are in a stage called ________, in which they belie
    14·1 answer
  • In an experiment, one group of men were asked by an attractive woman to complete a short questionnaire immediately after they ha
    6·1 answer
  • Which format was used for movies of the 1910s and 1920s
    9·1 answer
  • A significant point about the __________ is that it contains sufficient information so that it is possible to interrupt a runnin
    6·1 answer
  • Which of the following statements about traditional and social media is most accurate? Multiple Choice Traditional media and soc
    9·1 answer
  • Allie attended a school that had very little diversity. She did not meet a student with learning disabilities until she attended
    11·2 answers
  • In what areas did the united states expand in the late 1800s?
    9·1 answer
  • What is the importance of peace​
    14·2 answers
  • Present your views on the following statement: 3. "छुवाछुत तथा भेदभाव सम्बन्धी कसूर गरेमा ३ महिनादेखि ३ वर्षसम्म लाख सम्म जरिवान
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!