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bija089 [108]
3 years ago
10

The formula for the cross-price elasticity of demand is percentage change in rev: Multiple Choice quantity demanded of B/percent

age change in price of B. quantity demanded of B/percentage change in income. quantity demanded of B/percentage change in price of A. price of B/percentage change in quantity demanded of A.
Business
1 answer:
seropon [69]3 years ago
3 0

Answer:

Quantity demanded of B/percentage change in price of A.

Explanation:

Cross price elasticity of demand is calculated as follows:

= Percentage change in quantity demanded for Good B ÷ Percentage change in price of good A

Cross price elasticity of demand is positive for the substitute goods and negative for the complimentary goods.

For Substitute goods:

It states that there is a positive relationship between the price of a good and the quantity demanded for its substitute goods.

For complimentary goods:

It states that there is an inverse or negative relationship between the price of a good and the quantity demanded for its complimentary goods.

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Which method of bond amortization amortizes the premiums/discounts accurately and is considered a conceptually superior method
SashulF [63]

Answer:effective-interest

Explanation:

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2 years ago
illustrate the process needed in the three economic sectors to have the final product being a teddy bear
Zina [86]
Which make easier the measurement of economic activity in the three ..... the strategy used by firms that have as many different product
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2 years ago
Barbara buys the same market basket each week and spends $60 on it. This week Barbara brought $60 to the store but could not buy
Arisa [49]

Answer:

there was inflation

Explanation:

Inflation may be defined as the rise in the price or the increase in the cost of a product or commodities in the market. It is when you pay more price for the same commodity that you have bought it in a less price earlier.

When there is inflation, the price of goods in the market increases.

In the context, Barbara usually buys the same market basket every week at a price of $ 60. But this week she could not buy the market basket even though she had $ 60 with her. This is because the price of the market basket increased this week due to inflation and now cost more than $60. So Barbara could not buy the market basket.

4 0
3 years ago
In April of the current year, Freeman Steel Company transferred Herb Porter from its factory in Nebraska to its plant in Michiga
lilavasa [31]

Answer:

A. $96

B. $228

C. $42

Explanation:

A. Calculation to determine the Amount of SUTA tax the company must pay to Nebraska on Porter's wages

SUTA tax =$3,000 x 3.2%

SUTA tax = $96

Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $96

B. Calculation to determine the Amount of sUTA tax the company must pay to Michiganion Porter's wages

SUTA tax =($9,000 - $3,000 )x3.8%

SUTA tax =$6,000 x 3.8%

SUTA tax = $228

Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $228

C. Calculation to determine the Amount of the net FUTA tax on Porters wages

Net FUTA tax=$7,000 limit) x 0.6%

Net FUTA tax = $42

Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $42

3 0
2 years ago
In what category is the purchase of a computer by a person for household use in national income accounting, that is, in how we c
Nataliya [291]

Answer:

is counted in C, personal consumption

Explanation:

GDP = Consumption spending + Investment spending + Government Spending + Net Export

Consumption spending is all spending by households on services and goods which could be either durable or non durable goods.

Investment is spending by businesses.

I hope my answer helps you

6 0
3 years ago
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