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stich3 [128]
3 years ago
13

If Starbucks raises its price by 5 percent and McDonald’s experiences a 0.5 percent increase in demand for its coffee, what is t

he cross-price elasticity of demand?
Instructions: Round your response to two decimal places. If you are entering a negative number be sure to include a negative sign (-) in front of that number.
Business
1 answer:
Gnesinka [82]3 years ago
6 0

Answer:

<em>Cross-price elasticity of demand = 0.1</em>

Explanation:

We have the formula to calculate the cross-price elasticity of demand as below:

<em>Cross-price elasticity of demand = % change in quantity demanded for product X/ % change in price of product Y</em>

<em />

Starbucks raises its price by 5 percent, so that <em>percentage changes in price of Starbucks' products</em> are 5

McDonald's experiences a 0.5 percent increase in demand for its coffee, so that <em>percentage changes in quantity demanded for McDonald's coffee </em>is 0.5

=> <em>Cross-price elasticity of demand = % changes in quantity demanded for McDonald's coffee/ %changes in price of Starbucks' products</em>

<em>= 0.5/5=  0.1</em>

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Answer:

d. purchase the machine because each partner has one vote in management matters

Explanation:

Since in the question it is mentioned that the partners vote whether or not to buy a new machine for $100 so the violet and William would agree on this but Xavier does not agree

Now according to this situation the machine should be purchased as each partner vote is necessary also there is a majority of 2 person to buy the machine

hence, the option d is correct

8 0
3 years ago
A boss who is a micromanager often works excessive hours, skips vacations, and needs to approve everything
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<span>This is a true or false question that often shows up on business related tests. The answer: true. Bosses who micromanage things often have employees who are frustrated and unhappy. In many cases, they feel undervalued and that they are not trusted to handle tasks without direct supervision from the boss. Companies that have a boss who is a micro-manager usually have a high turnover rate.</span>
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3 years ago
Your portfolio is 310 shares of Callahan, Inc. The stock currently sells for $101 per share. The company has announced a dividen
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Answer:

$31,240

Explanation:

Calculation for what is your portfolio value as of April 19

Using this formula

Portfolio value= Stock value + Cash

Let plug in the formula

Portfolio value = [(310 shares× ($101 -3.20))+ (310 shares × $3.20) ]

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2 years ago
The table below shows the average income of the U.S. total population over age 25, based on level of education. Drag the differe
abruzzese [7]

The differences in average income are $6,080, $6169, $18,219, and $19,151.

The table below organizes income from the one with the lowest education level to the highest one. Moreover, there is a general trend in which income increases with education.

Now, to find the difference in average income based on education it is necessary to subtract the income of a lower level to the income of the next educational level.

Less than Highschool vs. High school graduate:

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High school graduate vs. some college or Associate's degree:

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Some college or Associate's degree vs. Bachelor's degree:

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Bachelor's degree vs Profession or Doctorate degree:

  • $75,495 - $56,344 = $19,151

Learn more about mathematics in: brainly.com/question/12083755

4 0
2 years ago
Common forms of _________ communication include job instructions, official memos, policy statements, manuals, and company public
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Downward communication.

All of these things come from management, management communicates down to employees.
5 0
3 years ago
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