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Vinil7 [7]
3 years ago
8

The cross-price elasticity of demand measures the absolute change in the quantity demanded of one good divided by the absolute c

hange in the price of another good. percentage change in the price of one good divided by the percentage change in the quantity demanded of another good. percentage change in the quantity demanded of one good divided by the percentage change in the price of another good. percentage change in the quantity demanded of one good in one location divided by the price of the same good in another location.
Business
1 answer:
lisov135 [29]3 years ago
7 0

Answer:

percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.

Explanation:

Demand cross-elasticity is the measure of the relative change in the quantity demanded for a good or service (A) as a function of a certain relative change in the price of another good or service (B) considered to be a substitute for or complementary to the first (A). For example, how much would increase the amount of margarine demanded if there was an increase in the price of butter. The formula for calculating the cross elasticity of demand consists in dividing the relative change in the quantity demanded of a good divided by the relative change in the price of the substitute good.

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Which of the following scenarios describes an offer?a.Raoul asks Wendy if she would be willing to sell her first-edition copy of
storchak [24]

Answer: A -Raoul asks Wendy if she would be willing to sell her first-edition copy of War and Peace.

Explanation: An offer is a legal term used in a contract. An offer is made by an intending buyer to an intending seller regarding a product or service.

The offer is a legal question that is asked by a willing buyer if the seller of the product would consider selling it or not.

An offer can be accepted or declined by the person being made the offer.

6 0
3 years ago
Many of the negative effects companies have on the environment could be offset by _________ government regulation, but such regu
Alex

Answer:

Increased, Negatively

Explanation:

Government regulations are important to eliminate the negative effect of companies and industries on the overall environment. Government regulations help to apply certain restrictions which help to improve the environment and surrounding, but at the same time, it negatively affects the profitability of the companies. Overall, the government must implement policies to resolve environmental problems but such regulation should not negatively affect the industry and the economy.

6 0
3 years ago
Onofkp411 Corporation has a time contraint on one of its special machines. The company makes three products that use this machin
marta [7]

Answer: $7.20 per minute

Explanation:

Find out the profitability of each product as Contribution Margin per minute.

Magnifico

Contribution margin per minute = (Selling price - Variable cost) / minutes on the constraint

= (335.18 - 259.26) / 7.5

= $10.12 per minute

Bellissimo

= (228.46 - 173.08) / 4.3

= $12.88 per minute

Lovely

= (199.21 - 159.61) / 5.5

= $7.20 per minute

Their least profitable product is $7.20 per minute.

The machine does not have sufficient time to satisfy the needs of Lovely so they will have to pay more to acquire more of the resource but they should not pay anything more than $7.20 per minute as this is their contribution margin for the product. and anything more would result in a loss.

<em>Options are most probably for another variant of the question. </em>

6 0
3 years ago
In order for team members to communicate effectively, they need the discipline to _______.
melisa1 [442]
The answer is <span>d. Listen first and speak second.</span>
5 0
3 years ago
Read 2 more answers
An open-end fund has a net asset value of $12.70 per share. It is sold with a front-end load of 8%. What is the offering price?
Allushta [10]

Answer:

$13.80

Explanation:

Calculation to determine the offering price

Using this formula

Offering Price = NAV/1-load

Let plug in the formula

Offering Price = $12.70/1-0.08

Offering Price =$12.70/0.92

Offering Price = $13.80

Therefore the offering price is $13.80

7 0
3 years ago
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