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Vladimir79 [104]
3 years ago
8

When the cross price elasticity between good X and other related goods is positive and very low firm X can be assumed to have?

Business
1 answer:
geniusboy [140]3 years ago
3 0

Answer:

c. a significant amount of market power 

Explanation:

Cross price elasticity measures the responsiveness of quantity demanded of a good to the changes in price of another good.

If the cross price elascitiy is postive, the goods are subsituites.

If the cross price elasticity is negative, the goods are complementary goods.

If the cross price elasticitiy is low the firm has market power. It means that it's consumers do not change the quantity demanded when the price of the good changes

If the cross price elasticitiy is high, the market has low market power.

I hope my answer helps you.

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emmasim [6.3K]

Answer:

Yes

Explanation:

In this question, we have to compare the total income based on credit extended The computation is shown below:

If credit is not extended, then the total income would be

= Service revenue + income from operations

= $48,000 + $19,000

= $67,000

If credit is extended, then the total income would be

= Service revenue + income from operations - additional expenses for wages and bad debts

= $87,000 + $19,000 - $34,000

= $72,000

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7 0
2 years ago
Why must a monopoly supply a good or service that has no close substitute
butalik [34]

Answer:

Because a monopoly is when one person or buisness provides a good or service that people can't get anywhere else so they can continue to make money.

Explanation:

5 0
2 years ago
Consider a palletizer at a bottling plant that has a fi rst cost of $150,000, operating and maintenance costs of $17,500 per yea
pshichka [43]

Answer:

Annual equivalent cost of the investment = $30,603.43 per annum

Explanation:

<em>Equivalent Annual cost is the Present Value of the total cost over the investment period divided by the appropriate annuity factor.</em>

<em>Step 1 </em>

<em>PV of cash flows</em>

PV of first cost =  150,000

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$25,000 × (1+0.08)^(-30)

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<em>PV of net total cost </em>

= 197,011.21  +150,000 - 2,484.43

=  344,526.78

Step 2

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(1-(1+0.08)^(-30))/0.08

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Step 3

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= 344,526.78 / 11.2577

<em> =$30,603.43</em>

Annual equivalent cost of the investment = $30,603.43 per annum

6 0
3 years ago
Because strategic alliances rarely work as well as managers expect they will, why do companies continue to go through with them?
I am Lyosha [343]

Answer:

Strategic alliances rarely work as well as managers expect they will, yet  companies continue to go through with them because Many owners, managers, and business analysts believe they are essential to survive in an industry.

Explanation:

In a business industry, It is required to always stay afloat otherwise the competition might drown the business. One of the ways to maintain your stake is through strategic alliances.

A strategic alliance is an arrangement between two companies that have decided to share resources to undertake a specific, mutually beneficial project.  This agreement could help a company develop a more cost effective process. and achieve their objectives faster.

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3 0
3 years ago
During a review of the meeting​ agenda, the​ store's marketing manager​ stated, "Today, we will focus on the​ consumer's belief
kondaur [170]

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The correct answer is: Self-Concept.

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