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Juliette [100K]
3 years ago
5

Substitutes have a(n): Please choose the correct answer from the following choices, and then select the submit answer button. in

come elasticity of demand greater than 1. negative cross elasticity of demand. Incorrect: zero cross elasticity of demand. zero cross elasticity of demand. positive cross elasticity of demand.
Business
1 answer:
hjlf3 years ago
3 0

Answer: positive cross elasticity of demand.

   

Explanation: In simple words, cross elasticity refers to the degree of change in the demand of a good with respect to change in the price of another goods.

In case of substitute goods, one good can easily be used in the place of another good. Thus, if the price of one good increases the demand for its substitute good also increases.

Hence from the above we can conclude that substitute goods have positive cross elasticity.

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You have a significant amount of debt due to a medical issue. Your job is secured
Harrizon [31]

Answer:

yes

Explanation:

they are both professionals and either of their opinions/ suggestions would have been good, but if they both agree it's even better

5 0
3 years ago
If your company doesn't have cash flow, which of these things is
Katen [24]

Answer:

B.

Explanation:

Without money coming into your business you will not be able to pay bills or employees.

5 0
3 years ago
Major goals specify what an organization seeking to achieve a/ in the short term.
alexgriva [62]

Answer:

Major goals specify what an organization seeking to achieve

d/in the long term only

Explanation:

Major organizational goals are usually broad and company-wide goals, focused on the long-term.  These goals are further broken down into manageable unit goals that have medium to short-term durations.  In short, major goals are strategic in nature and may embrace the overarching purposes for setting up the organization in the first place.

5 0
2 years ago
The village of Hempstead has been taking a look at the issue of responding to 911 calls. It is a small community and geographica
yuradex [85]

Answer:

\bar X = \frac{17+12+9+16+14}{5}= 13.6min

So then the best answer for this case would be:

a. 13.6 minutes

Explanation:

For this case we have the following data for the response rates:

17,12,9,16,14

And we want to calculate the mean response time for 911 calls in this village.

And for this case we use we can use the definition of sample mean given by:

\bar X = \frac{\sum_{i=1}^n X_i}{n}

Where n = 5 represent the sample size for this case. If we replace we got:

\bar X = \frac{17+12+9+16+14}{5}= 13.6min

So then the best answer for this case would be:

a. 13.6 minutes

The sample mean is an estimator unbiased of the population mean because:

E(\bar X) = E(\frac{\sum_{i=1}^n X_i}{n}) = \frac{1}{n} \sum_{i=1}^n E(X_i) = \frac{n\mu}{n}= \mu

For this reason is a good statistic if we want to see central tendency in a group of values.

8 0
3 years ago
Cushman Company had $812,000 in sales, sales discounts of $12,180, sales returns and allowances of $18,270, cost of goods sold o
Svetach [21]

Answer:

$395,850

Explanation:

Calculation for Cushman Company Gross profit

Using this formula

Gross Profit=Sales-Sales discounts-Sales returns and allowances-Cost of goods sold

Let plug in the formula

Gross Profit = $812,000 - $12,180 - $18,270- $385,700

Gross profit= $395,850

Therefore Cushman Company Gross profit will equal $395,850

3 0
3 years ago
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