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Tema [17]
3 years ago
11

When the price of penguin patties decreases by 5%, the quantity of flopsicles sold increases by 4% and the quantity of mookies s

old decreases by 5%. Your job is to use the cross-price elasticity between penguin patties and the other goods to determine which goods your marketing firm should advertise together.
Business
1 answer:
VLD [36.1K]3 years ago
5 0

Answer:

Penguin patties and mookies should be marketed together

Explanation:

The cross price elasticity of supply calculates the effect of the percentage change in quantity supplied on the percentage change in price

If the cross-price elasticity of supply is positive, it means that the goods are complementary goods.

Complementary goods are goods that are sold together  and they should be marketed together.

The decreases in price of penguin patties should lead to a decrease in supply for the complement good. Since the quantity of mookies sold decreases by 5%, they are complements and should be marketed with the penguin patties

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The student who is probably going to have the most difficult time retrieving the information from long-term memory a few days later would be: “Alexander who repeats the fact to himself 10 times in a row.”  

<span>Aside from Alexander, all other students are using visual representation or other facts to help them remember the original fact.  The method of memorization Alexander doing is very prone to be overlooked since he is storing it word by word rather than trying to associate it with other easier things to remember.</span>

3 0
3 years ago
How does microfinance benefit an economy?​
JulsSmile [24]

Answer:

it enables people to use money wisely

Explanation:

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3 0
2 years ago
Daniel Franco, a free-lance gaming consultant and blogger, needed a new gaming system for his business. After some lengthy revie
Law Incorporation [45]

Answer:

Explanation:

Issue: Will the court rule in support of Daniel’s argument that Nintendo breached the warranty based on reasonable expectation on the performance of an expensive system and statements made while selling the gaming system?

Rule:  There is a creation of express warranty when a seller makes a description of the statement quality, condition or performance of goods sold. This warranty is created by the statement of facts and if the seller uses words to designate the value of the supposed goods, it will only be considered as an opinion that does not create any express warranty.

The customer’s reasonable expectation of the existence of the gaming system based on the price leads to implied warranty. The goods sold should be logically fit for the general purpose for which it is sold. It should be of proper quality to satisfy the implied warranty of merchantability and the goods should fit the particular purpose for which the buyer will use the goods to satisfy the implied warranty of fitness for a particular purpose.

Analysis: Here, the argument of Daniel that Nintendo’s description of the gaming system as “most reliable”, and “durable” asserted that the quality and performance of the gaming system will not stay because these words create general statements that are made as part of sale or seller’s opinion about the goods. These words would be considered as puffery and do not create any express warranty. The higher price of the gaming system would create an implied warranty about the performance of the system, but the switch failed only after the warranty period. When the seller has expressly stated the warranty period as one year, any defects that occur after the warranty period will not breach the implied warranty.

Moreover, the gaming system was reasonably fit for Daniel’s business purpose and worked well during the warranty period. Hence Daniel’s arguments will not stay in front of the court.

Conclusion: The court will not rule in favor of Daniel and Daniel will not be able to recover against Nintendo because no breach of warranty had occurred.

8 0
3 years ago
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IrinaVladis [17]

The answer is:

B. They must establish a fair labor market.

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In mixed-market economy, both government and the private sectors play equally important roles in managing/regulating the economy.

Establishing fair labor market is being done in order to prevent the private sectors from abusing their workers. Opening trade to other countries is being done by the government sectors through mutually beneficial foreign policies which will improve our total exports.

7 0
3 years ago
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If all other factors are equal, what will happen to the supply of a product if the price goes up?
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Option A..Hope this helps
7 0
3 years ago
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