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LiRa [457]
3 years ago
9

Your local bakery gives you information on consumer purchasing habits for muffins and cupcakes. It tells you that, when the pric

e of a muffin is $1, people buy 55 cupcakes. When the price of a muffin is raised to $2, cupcake purchases go up to 65 cupcakes. The cross-price elasticity of demand is: Select one: a. 0.50. b. 4.00. c. 0.25. d. 0.67. e.
Business
1 answer:
raketka [301]3 years ago
8 0

Answer:

c. 0.25

Explanation:

Cross-price elasticity = [(Q2-Q1/)((Q1-Q2)/2) * 100] / [(P2-P1/)((P1-P2)/2) * 100]

Cross-price elasticity = [(65-55)/((65+55)/2)*100] / [(2-1)/((1+2)/2)*100]

Cross-price elasticity = 16.6667/66.6667

Cross-price elasticity = 0.25000037

Cross-price elasticity = 0.25

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monitta

Answer:

b) natural resources

Explanation:

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Anyone with access to natural resources can invest to make them marketable products. Extraction of oil and refining is an example of investing in natural resources. Processing of trees to wood, use of solar to generate power are other examples.

6 0
3 years ago
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An aging of a company's accounts receivable indicates that $13900 are estimated to be uncollectible. If Allowance for Doubtful A
tino4ka555 [31]

Answer:the adjustment to record bad debts for the period will require a

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Explanation:

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To Allowance for doubtful accounts             $ 12,670

8 0
3 years ago
It was the third meeting, but the group had finally agreed on the roles for each member. Cathy felt good about how things were p
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The third stage of a group development model is regarded to as the norming stage. The norming stage is the stage whereby members or teammates start appreciating the strengths that are possessed by each other in the team.

At this stage, there is resolution of conflicts and establishment of leadership positions. Here, everyone is happy with their roles.

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3 years ago
Externalities exist when the actions of one agent Question 9 options:
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5 0
4 years ago
Which of the following policies often contains clauses that permit a social networking operator to collect and store data on use
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On the side of the social networking operator, one of the rights usually listed is one stating that the operator can collect and store data on users or even share it with third parties and so it is important to read the terms of use policy as best you can when you can.

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