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
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.
You might be interested in
Which of the following mechanisms would be most likely to help motivate managers to act in the best interests of shareholders?
myrzilka [38]

Answer:

The correct answer is d) Increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries.

Explanation:

Option D. represents two situations that perfectly describe the interest that the shareholders pursue: the maximization of the profits of the company where they have their resources invested.

The shareholder, on the other hand, is also an investor, since he contributes capital with a view to obtaining a dividend.

Its investment is said to be in equities, given that there is no contract through which the shareholder will receive fixed fees in return for his investment. Their remuneration is through two ways:

  1. Dividend
  2. Increase in the price of the company. This is produced by its good progress and its ability to generate future benefits, as well as by the increase in assets through past benefits.
5 0
3 years ago
Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the bro
Mademuasel [1]

<u>Answer:</u>

<em>$50,325 is the sale price of the property</em>

<u>Explanation:</u>

Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the broker and 50% Karen. Broker took 55% of the total commission on a 7% commission rate.

So not considering the commission for a while if we divide commission by the commission rate we will get the sale price.

                                    $3522.75/0.07= $50,325.

4 0
3 years ago
4. When analyzing decisions that are made within a firm, economists typically assume that "profit maximization" is the firm’s ma
Valentin [98]

Answer: When employees are provided with a conducive environment they perform better than normal and with good products and services customers are satisfied hence more profit. The CEO should ensure all department work with same goal for the benefit of the organization

Explanation:

Companies tend to focus on the non-economic goals such as providing a good place for employees to work, good product and services to the customers and acts as a good citizen in the society. Achieving these goals are costly and doing so might interfere with profit maximization but in long term achieving them is beneficial to the company. When employees are provided with a conducive environment they perform better than normal and with good products and services customers are satisfied hence more profit. The CEO should ensure all department work with same goal for the benefit of the organization

8 0
3 years ago
Why net profit will be higher if increases average prices to customers?​
vampirchik [111]

Answer:

Higher prices with same sales quantity will mean greater profit.

Explanation:

Let's hold some variables constant. If a business sells books, and they take the prices up, if they sell the same quantity (at higher prices) this would increase revenues. Higher revenues, less the same cost structure (variable and fixed costs) will lead to a greater profit generation. Of course in the real world, price elasticity of demand comes in play when prices are changed. If prices go up, typically sales quantity will decrease and there may be a net effect in revenue and hence profit. In the simple case where prices go up and sales quantity is unaffected, net profit will rise.

6 0
3 years ago
There are a variety of types of conflict that can occur among channel members. If a hardware store down the street from our ice
Mamont248 [21]

Answer:

conflict caused by the hardware store adopting "scrambled merchandising" marketing.

Explanation:

Scrambled merchandising occurs when a shop sells a good that is not the usual type of products it sells. A store owner may adopt scrambled merchandising to utilise unused space or to increase bottom line.

When a store owner sells many unrelated goods it gives the buyer the impression that the seller does not specialise in a particular type of product.

The conflict in this case arises through scrambled merchandising. A hardware store starts to sell ice cream like our own business.

6 0
3 years ago
Other questions:
  • The PGA operates as two divisions: one that governs the club professionals who serve amateur players and another, known today as
    5·1 answer
  • A lash adjuster keeps pressure constant on engine​ valves, thereby increasing fuel efficiency in automobile engines. the relatio
    7·1 answer
  • Diehl Cleaners has the following balance sheet items. Classify each item as an asset, liability, or owner’s equity. Accounts pay
    12·1 answer
  • Select an e-commerce company. Visit its website or mobile app and describe its business model based on the information you find
    7·1 answer
  • Explain the importants of marketing segmentation
    14·1 answer
  • What the answer plz and thank you
    9·2 answers
  • Identify the trade-restraining practice that this example demonstrates. Two retailers decide that they will both sell no more th
    5·1 answer
  • Dorothy and matt are ready to purchase their first home. their current monthly cash inflows are $4900, and their current cash ou
    14·1 answer
  • I need help with this question
    10·1 answer
  • Broadbanding eliminates layers in pay grades requiring organizations to find other ways to reward employees. Group startsTrue or
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!