1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zlopas [31]
3 years ago
7

If the absolute price of good X is $10 and the absolute price of good Y is $14, then what is (a) the relative price of good X in

terms of good Y and (b) the relative price of good Y in terms of good X.
Business
1 answer:
Yuri [45]3 years ago
8 0

Answer:

 1X= 5/7Y

1Y= 7/5Y

Explanation:

Relative price of product of X in terms of product Y is the price of product X expressed a fraction of product of Y, that is $10/$14=5/7,and it is expressed in standard terms 1X=5/7Y

The relative price of  product Y in terms of product X is $14/$10=7/5 and also can be expressed in standard format as IY=7/5Y

All in all, product the relative price of product Y seems to be higher than the relative price of product x

You might be interested in
8.
siniylev [52]
<span>"D. job-specific training" I believe...</span>
5 0
3 years ago
The Sugar Sweet Company will choose from two companies to transport its sugar to market. The first company charges
Harlamova29_29 [7]

Answer:

Both will charge $6,904 when they transport 16 tons of sugar.

Explanation:

The amount of sugar to be transported is S, since we need to calculate at which amount of sugar both truck companies charge the same total price, we need to solve the following:

first company charges $4,500 + $150.25 S

second company charges $3,696 + $200.50 S

since both companies will charge the same total amount, then

$4,500 + $150.25 S = $3,696 + $200.50 S

$4,500 - $3,696 = $200.50 S - $150.25 S

$804 = $50.25 S

$804 / $50.25 = S

S = 16

$4,500 + ($150.25 x 16) = $4,500 + $2,404 = $6,904

5 0
3 years ago
On January 1, 2016, Miller Corporation had retained earnings of $8,000,000. During 2016, Miller reported net income of $1,500,00
Papessa [141]

Answer:

Miller's retained earnings on December 31, 2016 is $9,000,000.

Explanation:

Miller's retained earnings on 31 December 2016 = retained earnings on January 1, 2016 + net income - declared dividends

= $8,000,000 + $1,500,000 - $500,000

= $ 9,000,000

Therefore, Miller's retained earnings on December 31, 2016 is $9,000,000.

4 0
3 years ago
In the long run, nominal wages are:Group of answer choicessticky downward but flexible in an upward direction.sticky upward but
Anit [1.1K]

Answer:

sticky in both an upward and downward direction

Explanation:

nominal wages are wages been earned per hour or as agreed between the worker and the employer. it is seen as means of compensating the worker. it is called nominal wage because the effects of deflation ( downward direction of prices in the market ) and inflation ( upward direction of prices in the market) does not affect the Nominal wages of an employee hence it is sticky in both an upward and downward direction of price movement in the market.

unlike the real wages where the factors of inflation and deflation has an effect on it by either decreasing or increasing the purchasing power of the real wage.

3 0
3 years ago
Which of the following terms refers to a goal-oriented process that is directed toward ensuring that organizational processes ar
Feliz [49]

Answer:

Performance management

Explanation:

Performance management is a corporate management tool that aids managers to monitor and measure employees' work. Performance management's goal is to create an enabling environment where people can perform their to the best of their abilities to produce quality result.

Performance management is the activities and processes that focus mainly on areas to maintain and improve employee performance in line with an organisation's objectives.

8 0
3 years ago
Read 2 more answers
Other questions:
  • On October 30, Cleo Co. purchased a machine for $26,000 and estimates it will use the machine for four-years with a $2,000 salva
    9·1 answer
  • Complete the sentence. Entrepreneurs are visionaries who __________. A. anticipates future consumer demands B. wear vision-corre
    13·1 answer
  • Borrowers tend to prefer ________ to ________, whereas lenders prefer ________. arms; fixed-rate loans; fixed-rate loans fixed-r
    7·1 answer
  • Cole Co. began constructing a building for its own use in January 2016. During 2016, Cole incurred interest of $50,000 on specif
    12·1 answer
  • How do make a good business?
    10·2 answers
  • A firm has a profit margin of 12 percent; total asset turnover of 0.55 and an equity multiplier of 2.2. What is the firm's ROA a
    9·1 answer
  • Jill buys a refrigerator and pays the company to have it delivered. While the contract covers both a good and a service, this tr
    9·1 answer
  • A manager wrote a message using​ simple, straightforward language and focused on objective evidence by credible sources to suppo
    5·1 answer
  • A share of stock with a beta of 0. 75 currently sells for $50. Investors expect the stock to pay a year-end dividend of $2. The
    6·1 answer
  • Which is more valuable a tax credit or deduction?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!