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statuscvo [17]
3 years ago
12

If the cross-price elasticity of demand between Good A and Good B is 3, the price of Good B increases, and the price elasticity

of demand for Good B is inelastic, we can expect to see a(n) ________ change in the quantity demanded for Good A.
large
infinite
zero
small
one-for-one
Business
1 answer:
Morgarella [4.7K]3 years ago
5 0

<u>Answer: </u>

We can expect to see a large change in the quantity demanded for Good A.

<u>Explanation: </u>

  • As the price change in the price of good B is inelastic, it is but clear that the price of good B would not show any fluctuations even if there is an increase or decrease in the demand for good B.
  • As the price of good B is not subject to decrease in the near future, it can be expected that the demand for good A would exhibit a sudden rise.
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You rent a car for $29.95. The first 150 miles are free, but each mile thereafter costs 15 cents. You plan to drive it 200 miles
kari74 [83]

Answer:

marginal cost is 15 cents

Explanation:

given data

car rent = $29.95

distance d1 = 150 miles

cost = 15 cents per miles

distance d2 = 200 miles

to find out

marginal cost

solution

first we find here cost for driving d2

cost for 150 to 200 miles  = 15 × 50

cost for 150 to 200 miles  = 750 cents = $7.5

so

cost for driving d2  = $7.5 + $29.95

cost for driving d2 = $37.45

so

marginal cost will be

marginal cost = change in cost / chance in distance

marginal cost = 37.45 - 39.95   /   ( 200-150)

marginal cost = 7.5 / 50  = 0.15

marginal cost is 15 cents

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3 years ago
Choose the correct answer and rationale. “The prices listed on retail websites...”
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3 years ago
Read 2 more answers
The difference between the standard cost of a product and its actual cost is called a variance.
-Dominant- [34]

The difference between the standard cost of a product and its actual cost is called a cost variance. Therefore the statement is true.

<h3>What is the objective of variance?</h3>

Changing across all of the pieces of information in a data set, variance is a measurement of distribution. It enables us to estimate how far away a set of factors are from each other.

To describe the variation or difference between the standard cost of a product and its actual cost the use of cost variance is done. It is utilized to estimate the financial performance of any project.

Therefore, the statement is True.

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DanielleElmas [232]

Answer:

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Explanation:

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8 0
3 years ago
When information taken in through the senses is organized and understood, the process is referred to as _______?
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