The cross-price elasticity of demand is -1.82
Calculate the cross-price elasticity of demand:
The formula to calculate the cross-price elasticity of demand is:
(92 -91)/[(02 + 91)/2]
Cross price elasticity
(P2- A)/[(P +P)/ 2]
(15-10)/ [(15+10)/2]
(4-5)/ (4+5)/2]
5/12.5
-1/4.5
0.4
-0.22
=-1.82
Therefore, the cross-price elasticity of demand is -1.82. Since the demand is negative
The goods are said to be Complements.
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Suppose that when the price of peanut butter falls from $5 to $4 per jar, the quantity of jelly purchased rises from 10 million jars to 15 million jars. Instructions: Round your answer to two decimal places and include a negative sign if appropriate. The cross-price elasticity of demand between peanut butter and jelly using the midpoint method is The goods are?
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Answer and Explanation:
The opportunity cost of megan for making pizza would be equivalent to the root amount as she make 1 pizza in 3 hours and in 5 hours she produced 1 boot beer so in one hour she produced 1 by 5th So for 3 hours it produced 3 by 5 so the opportunity cost would be 3 by 5 root beer gallon
Likewise for susan it produced 4 by 8 i..e 1 by 2 root beer gallons
By the above calculation the megan has the absolute advantage as megan takes lesser hours i.e. 3 hours while susan takes 4 hours
And, the susan has the comparative advantage as it contains the less opportunity cost i.e 1 by 2 as compared with megan i.e. 3 by 5
Also in the case of trade off susan would trade away as she has the comparative advantage
The highest price would be better off by 3 by 5 gallon
And, the lowest price is 1 by 2
Answer:
Honestly I think it would be mostly negative without the internet, because if the internet got shut down we would not be where we are now today
Explanation:
:)))
Which item is most often included along with a resume as part of a job application? The cover letter is often included along with a resume as part of a job application. The cover letter helps you introduce yourself in a more personal way when applying for a job. The cover letter focuses more on who you are as a person related to your work ability rather than just a list of small information about what you've accomplished.
Answer:
b. $4195000
Explanation:
Calculation to determine what The fair value of plan assets at December 31, 2021 is:
Fair value of plan assets $3,550,000
Add Actual return on plan assets $340,000
Add Contributions $555,000
Less Benefits paid ($250,000)
Fair value of plan assets at December 31, 2021 $4,195,000
($3,550,000+$340,000+$555,000-$250,000)
Therefore The fair value of plan assets at December 31, 2021 is:$4195000
