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mylen [45]
3 years ago
14

If the price of jelly goes up by 10 percent, we observe a decrease in the quantity demanded of peanut butter of 20 percent. the

cross-price elasticity of these goods is:
Business
1 answer:
Sedaia [141]3 years ago
6 0
Cross price elasticity refers to the measure of responsiveness of the quantity demanded of a product to a change in price of another good. 
From the question given above, 
cross price elasticity = -20% / 10% = -2.
The cross price elasticity for the goods above is - 2. Which means that the goods are not substitutes. 
A positive cross price elasticity which is greater than zero means that the goods are substitutes.
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Gilbert City had the following transactions involving resource inflows into its general fund for the year ended June 30, 20X8:
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Answer:

$2,289,500

Explanation:

Preparation of the schedule to show the amount of revenue that should be reported by Gilbert’s general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20X8

Gilbert City

REVENUE REPORTED by the General Fund

For the Year Ended June 30, 20X8

Property tax revenue $1,862,000

[$2,000,000-$100,000-($2,000,000-$100,000)*2%)]

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Total revenue reported $2,289,500

Therefore the amount of revenue that should be reported by Gilbert’s general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20X8 is $2,289,500

3 0
3 years ago
As a finance manager at AllSports Communication, Charlie worries about the firm's borrowing requirements for the upcoming year.
denpristay [2]

Answer: Cash budget

Explanation:

 The cash budget is the term which is used to define cash flow in the business as it helps in establishing a specific budget by proper analyzing on the outgoing flow and the inflow in an organization.

 Th Cash flow is one of the important concept which is typically used by the various types of organizations for operating all the expenses and the the cash budget is used to avoid the problem of cash shortage.

 According to the given question, the Cash budget is basically providing Charlie with some valuable data or information by proper estimation regarding the requirement of firm. Therefore, Cash budget is the correct answer.  

5 0
3 years ago
A project requires many different resources for its execution. thus, a project manager has requested a new part from an out-of-s
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Your answer is:

4 business days
8 0
3 years ago
Table 1 contains information about a small business for one month. The business
8090 [49]

Answer:

workings. Number of units sold: 240. Fixed costs: £1 100. Variable costs per unit: 45 pence. (2) ... You are advised to show your workings. (2). (Total for question = 2 marks). Q6 ... Table 1 contains information about a small business for one month. ... Using the information in Table 1, calculate the profit for this business. You ...

Explanation:

7 0
3 years ago
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Delux Technologies makes and sells only one product, a high-quality processor for mainframe computers. Delux was recently approa
Anton [14]

Answer:

Imagination Station is engaging in Vertical Integration.

Explanation:

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In this context, Delux Technologies makes and sells only one product, a high-quality processor for mainframe computers and was approached by Imagination Station, a large computer manufacturer about purchasing their company.

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3 years ago
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