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Gnoma [55]
3 years ago
13

Carol has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. Her

manager is retiring and hopes that Carol will take over for him. However, even though Carol is an experienced employee, there are many things that she still needs to learn. Carol has trained many new employees, but she has never held a management position. Carol needs to have a general understanding of what it takes to be a manager.
Business
1 answer:
Anna35 [415]3 years ago
8 0

Answer:

To be a manager, Carol has to do some activities:

Controlling, organizing, planning and leading.

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Last month, sellers of good Y took in $100 in total revenue on sales of 50 units of good Y. This month sellers of good Y raised
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Answer:

Option c = They are Substitutes and have cross price elasticity of 1.67

Explanation:

Cross-Price Elasticity = <u>%change in Quantity demanded of  good X</u>

                                      %change in Price of good Y

% change in Quantity Demanded of good X = <u>Q2-Q1  </u> × 100

                                                                            (<u>Q1+Q2)</u>

                                                                                2

% change in Quantity Demanded of good X =<u> 40-20 </u> ×100

                                                                            <u>(20+40)</u>

                                                                                 2

% change in Quantity Demanded of good X = 66.67%

% change in price of good Y = <u>P2-P1</u> × 100

                                                  <u> ( P1+P2)</u>

                                                       2

Last month Total Revenue = $100

Total Units = 50

Last month Price / unit = 100/50 = $2

This Total Revenue $120

Total units 40

This monthPrice / unit = 120/40 = $3

% change in price of good Y=<u> 3 - 2     </u>× 100

                                                    <u>3+2</u>

                                                      2

% change in price of good Y =<u> 1   </u>× 100

                                                  2.5

% change in price of good Y = 40%

Cross-Price Elasticity =<u> 66.67</u>

                                        40

Cross- Price Elasticity = 1.67

Since its greater than 1 its Cross price elasticity of Substitute

also as the price of good y increased from $2 to $3 the quantity demanded of good x increased although its price remained constant which indicates its a substitute good as  people preferred buying good x instead of good y

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A

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Answer:

19 is added to the gdp

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