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LiRa [457]
2 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]2 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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Find the sum of 2x kg and 5x g. Give the answer in grammes.​
maksim [4K]

Answer: 3,600 g

Explanation:

7 0
2 years ago
Which $1,000 bond has the higher yield to maturity, a twenty-years bond selling for $800 with a current yield of 15% or a one-ye
lesantik [10]

Answer:

30%

Explanation:

The computation is shown below:

Here we considered a long term bond that time period should be 15 years or more

Now as we know that

Current yield is

= Current payment ÷ Pb

5% = Current payment ÷ $800

The Current payment is $40

Now the yield to maturity is

-$800 = $50 ÷  (1 + i) + $1,000 ÷ (1 + i) + $1,040 ÷ (1 + i)

So, i = 30%

The same is to be chosen

3 0
3 years ago
What takes a new approach to middleware by packaging commonly used applications together, reducing the time needed to integrate
amid [387]

Answer:

D. Enterprise application integration middleware

Explanation:

7 0
3 years ago
For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 de
snow_lady [41]

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

In the first case,

Future value = $2,050 × (1 + 0.12)^12

                     = $2,050 × 3.895975993

                     = $7,986.75

In the second case,

Future value = $8,352 × (1 + 0.10)^6

                     = $8,352 × 1.771561

                     = $14,796.08

In the third case,

Future value =  $72,355× (1 + 0.11)^13

                     = $72,355 × 3.883280163

                     = $280,974.74

In the fourth case,

Future value = $179,796 × (1 + 0.07)^7

                     = $179,796 × 1.605781476

                     = $288,713.09

4 0
3 years ago
Recently, some college alumni started a moving service for students living on campus. They have 3 employees and are debating hir
SVETLANKA909090 [29]

Answer: a. 2

b. $200

c. Should not

Explanation:

a. The new employee's marginal product of labor is ______.

This will be:

= 5 - 3

= 2 moving jobs

b. The value of that marginal product is ______..

Since the company charges $100 for a moving job, the value of the marginal product will be:

= 2 × $100

= $200

c. The moving service should moving jobs ______- hire another worker

Marginal cost of moving 2 jobs will be:

= $30 × 4 × 2

= $240

Since the marginal cost is more than the marginal product, the company should not hire another worker.

5 0
3 years ago
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