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Lady_Fox [76]
2 years ago
13

Suppose the price of salt increases by 25 percent​ and, as a​ result, the quantity of pepper demanded​ (holding the price of pep

per ​constant) increases by 4 percent. The​ cross-price elasticity of demand between salt and pepper is nothing. ​(Enter your response rounded to two decimal places and include a minus sign if​ appropriate.) In this​ example, salt and pepper are ▼ substitutes not related complements . ​Instead, suppose salt and pepper were complements. If​ so, then the​ cross-price elasticity of demand between salt and pepper would be A. negative. B. zero. C. positive. D. greater than 1. E. greater than minus1.
Business
1 answer:
Lisa [10]2 years ago
8 0

Answer:

Option (C)

Explanation:

As per the data given in the question,

Price of salt increases by = 25%

Quantity of pepper demanded increases by = 4%

Cross price elasticity = Quantity of demand increases ÷ Price of salt increases

= 4% ÷ 25%

=0.16  

Hence Cross-price elasticity of demand between salt and pepper would be positive.

So option (C) is answer

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Answer: Use vivid words.

Label descriptive modifiers.

Position important ideas first or last in a sentence.

Explanation:

The stylistic devices that can be used to achieve emphasis include using of vivid words, labelling descriptive modifiers and also by positioning the important ideas as the first or last in a sentence.

For the readers to be able to picture ones ideas, it is appropriate to use vivid words and also the readers will notice the important ideas when they're placed in either the first or the last part.

Using general terms

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2 years ago
Security Analysts that have evaluated Concordia Corporation, have determined that there is a 15% chance that the firm will gener
dexar [7]

Answer:

3.17

Explanation:

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3 years ago
The table below presents the average and marginal cost of producing cheeseburgers per hour at a roadside diner.
Butoxors [25]

Answer:

a. At a quantity of 40 cheeseburgers per hour, the average total cost of production is<u> falling </u>and the marginal cost of cheeseburger production is <u>rising</u>.

b. At a quantity of 60 cheeseburgers per hour, the average variable cost of production is <u>  rising </u> and the average total cost of cheeseburger production is <u>at a minimum</u>.

Explanation:

a. At a quantity of 40 cheeseburgers per hour, the average total cost of production is<u> </u><em><u>falling </u></em>and the marginal cost of cheeseburger production is <em><u>rising</u></em>.

From the table in the question, it can be observed that the average total cost of production at a quantity of 30 cheeseburgers per hour is higher than the average total cost of production at a quantity of 40 cheeseburgers per hour, while the average total cost of production at a quantity of 50 cheeseburgers per hour is lower than the average total cost of production at a quantity of 40 cheeseburgers per hour. This implies that at a quantity of 40 cheeseburgers per hour, the average total cost of production is<u> falling.</u>

Also from the table in the question, it can be observed that the marginal cost of production at a quantity of 30 cheeseburgers per hour is lower than the marginal cost of production at a quantity of 40 cheeseburgers per hour, while the marginal cost of production at a quantity of 50 cheeseburgers per hour is higher than the marginal cost of production at a quantity of 40 cheeseburgers per hour. This implies that at a quantity of 40 cheeseburgers per hour, the marginal cost of production is<u> rising.</u>

b. At a quantity of 60 cheeseburgers per hour, the average variable cost of production is <u> </u><em><u> rising</u></em><u> </u> and the average total cost of cheeseburger production is <em><u>at a minimum</u></em>.

From the table in the question, it can be observed that the average variable cost of production at a quantity of 50 cheeseburgers per hour is lower than the average variable cost of production at a quantity of 60 cheeseburgers per hour, while the average variable cost of production at a quantity of 70 cheeseburgers per hour is higher than the average variable cost of production at a quantity of 60 cheeseburgers per hour. This implies that at a quantity of 60 cheeseburgers per hour, the average variable cost of production is<u> rising.</u>

Also from the table in the question, it can be observed that the average total cost of cheeseburger production at quantities of 50 and 60 cheeseburgers per hour are equal and the lowest on the table, this implies that the average total cost of cheeseburger production is <u>at a minimum</u> at a quantity of 60 cheeseburgers per hour.

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It excludes money paid as salaries or wages to employees.

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Answer:

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