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Finger [1]
2 years ago
12

Suppose that the cross price elasticity of demand between movie tickets and popcorn is −0.10. What would you expect to happen to

the sales of popcorn if the price of movie tickets rises by 30 ​percent? The demand for popcorn would fall fall rise by 33 percent ​(Enter your response rounded to one decimal place.​)
Business
1 answer:
Murljashka [212]2 years ago
3 0

Answer:

fall

3%

Explanation:

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General Contracting was hired by the city of Rockyville to put in a new road through a mountain pass for $2 million. General Con
REY [17]

If General Contracting is sued by Rockville for refusing to complete the job, General Contracting can have the contract discharged on an impracticability basis.

<h3>What would make a contract impractical?</h3>

When parties to a contract agree to a contract that based on normal circumstances and due course, and one party discovers that they cannot complete the contract based on unforeseen circumstances, the contact can be ruled impractical.

General Contracting could not foresee the solid granite foundation and so they could not have known they would pay so much to complete the project. The contract can therefore be impracticable.

Find out more on impracticable contracts at brainly.com/question/10160005.

3 0
1 year ago
Determine what type of model best fits the given situation: the value of a classic car is presently $50,000 and is increasing in
jok3333 [9.3K]

The model that best fits the given situation is exponential  

<h3>what is an Exponential Function?</h3>

Exponential function, in mathematics a relationship of the form y = a^{x}, where the independent variable x extends over the entire real number line as an exponent of a positive number a. The most important exponential function is y = e^{x}.    

Here,

The value of a classic car = $50,000

It is increasing in value by 5% per year.

So, here we have a = 50,000 and x = 5%

The function is increasing.

b = 1+5%

b = 1+0.05 = 1.05

Hence, the function that describes this situation is given by:

f(x)=50000(1.05)^{x}

To learn more about Exponential Function from the given link

brainly.com/question/10750625

#SPJ4

4 0
1 year ago
A stock has an average return of 19.2 percent and a standard deviation of 10.7 percent. In any one given year, you have a 95 per
Papessa [141]

Answer:

1. -2.2% 2. 40.6%

Explanation:

95%probability range =0.192±(2*.0107)=-2.2% to 40.6%

With the use of tables, we can work out above figures

95% given in question

Standard deviation given 10.7%

Average return=19.2%

7 0
2 years ago
Marketing Strategy Formulation
Keith_Richards [23]

Answer:

Marketing Strategy Formulation

Goals indicate what a business unit wants to achieve; strategy answers how to get there.

Basic generic strategies

Overall cost leadership

The business works hard to achieve the lowest costs. The problem with this strategy is that other food trucks will usually emerge with still lower costs. The real key is for Chix and Waffles to achieve the lowest costs among those competitors adopting a similar differentiation or focus strategy.

Differentiation

The business concentrates on achieving superior performance in an important customer benefit area valued by a large part of the market(s).

Focus

The business focuses on one or more narrow market segments rather than going after a large market. The food truck gets to know the needs of these segments and pursues either cost leadership or a form of differentiation within the target segments.

Goal Formulation

Goals are listed hierarchically, from most to least important. State the objectives quantitatively with a time line and a due date. Your goal at this point of your business plan is to execute the business plan in order to achieve the budgeted profits by the end of the first quarter of re-opening.

Examples

Goal #1: Achieve budgeted profits of __________ by July 31, 2021.

Strategy #1 - How are you going to do it? Develop a statement or series of statements that tell how you are going to achieve profit. Use your cost control course or purchasing course to list a series of actions that will achieve the following costs.

Actions: Food cost: __________

Bar cost: ___________

Labor cost: _________

Strategy #2

Goal #2: Achieve budgeted sales of __________ by July 31, 2021.

Strategy #1 - How are you going to do it? Develop a statement around one of the three generic strategies listed above.

Actions: Achieve cost leadership of our direct competition through ________________ (use of publicist, advertising, promotions, TV, etc.).

Strategy #2

Goal #3: Execute cultural values to embrace market to build concept loyalty and build repeat customer trial to 12 visits per quarter by July 31, 2021.

Strategy #1 – How are you going to establish a guest list and measure repeat patronage?

Actions:

8 0
3 years ago
A company produces 500 microwave ovens per month, each of which includes one electrical circuit. The company currently manufactu
kipiarov [429]

Answer:

Operating income will be $6,000

Explanation:

The computation of the operating income is shown below:

= Total cost - outsourcing cost

where,

Total cost = Variable cost + fixed cost

Variable cost = Number of microwaves × variable cost per unit

                       = 500 × $26

                       = $13,000

And, the fixed cost is $7,000

Now put these values to the above formula  

So, the value would equal to

= $13,000 + $7,000

= $20,000

And, the outsourcing cost equal to

= Number of microwaves × outsourcing cost per unit

= 500 × $28

= $14,000

So, the net income would be

= $20,000 - $14,000

= $6,000

                       

3 0
3 years ago
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