1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
allsm [11]
3 years ago
12

Janet is shopping for bottles and formula for her four-month old baby. Last month, the price of her favorite brand of formula wa

s $15 per can. She bought six bottles last month as well. This month the price of the can of formula has increased to $17. As a result, she will only purchase three new bottles on this trip. Which of the following statements is true about the cross-price elasticity?
a. The cross-price elasticity is 1.2.
b. The cross-price elasticity is - 5.33.
c. The goods are complements.
d. The cross-price elasticity is 5.33.
e. The goods are substitutes.
f. The cross-price elasticity is -1.2.
Business
1 answer:
Katarina [22]3 years ago
7 0

Answer: b. The cross-price elasticity is -5.33.

c. The goods are complements.

Explanation:

The cross elasticity of demand is used to measure how the percentage change of the quantity demanded for a particular good has an effect on the percentage change in the price of another good.

Based on the values given above, the cross elasticity of demand will be:

= [(3 - 6) / (17 - 15)] × [(15 + 17) / (6 + 3)]

= (-3/2) × (32/9)

= -1.5 × 3.56

= -5.33%

Since it's a negative value, the goods are complement.

The correct options are B and C.

You might be interested in
Health food corporation's bonds have 7 years remaining to maturity. the bonds have a face value of $1,000 and a yield to maturit
horrorfan [7]

Thanks admin for giving such valuable information through your article . Your article is much more similar to https://www.moschinooutletonlinestore.com/moschino-logo-letter-women-cuff-bracelet-gold.html  word unscramble tool because it also provides a lot of knowledge of vocabulary new words with its meanings.

8 0
3 years ago
The Category Profile that involves evaluating the major forces and trends that are impacting an industry: including pricing, com
professor190 [17]

Answer: External Industry Analysis

Explanation:

External Industry Analysis simply refers to the examination of the industry environment of a particular company such as its dynamics, competitive position, history etc.

The external industry analysis on a macro scale has to do with examining the factors like technological, political, demographic, and social analysis. External industry analysis is vital as it shows the threats and the opportunities that exist in a particular industry and can also be used to determine growth of an organization.

6 0
3 years ago
While stockholders elect the board of directors of a corporation, the board of hires the president, vice president and other off
klemol [59]

The answer is directors.

<h3>What entity elects the board of directors for a corporation?</h3>
  • The corporation's stockholders elect its board of directors, but they play no other direct role in how the company is run. The board makes the important company decisions of directors.
  • The president of a corporation is chosen directly by its stockholders.
  • In addition to their duty as members of the board of directors, the officers are charged with particular duties. President As the company's chief executive officer, the president, is responsible for the following duties: Preside over board meetings. Served as the executive committee's chairman.
  • The promotion of the organization's work and the recruitment of resources to support its programs and services are some of the duties of board members.

While stockholders elect the board of directors of a corporation, the board of hires the president, vice president and other officers, who manage the corporation.

The answer is directors.

To learn more about The board of directors of a corporation, refer to:

brainly.com/question/21121907

#SPJ4

5 0
1 year ago
Sales management at universal containers wants product managers to become more involved with sales deals that are being delayed
pickupchik [31]
If these were the given choices and I had to choose 2 answers.
<span>A. Use an assignment rule to notify product managers when opportunities are updated.
B. Create a Chatter group to share product information with the sales team, product managers, and customers. 
C. @mention product managers in Chatter posts on relevant sales deals. 
D. Add the opportunity team, product managers, and customers to libraries containing files relevant to sales deals.

My answers are:
</span>B. Create a Chatter group to share product information with the sales team, product managers, and customers. 
C. @mention product managers in Chatter posts on relevant sales deals.<span> 
</span>
Chatter group is real time. It is faster and more convenient to discuss product details that are needed to boost sales. Rather than looking for a product manager, one can simply post questions and clarifications on the chatter group and everybody can see the answers. It reduces redundancies. 
6 0
3 years ago
For every decision you make, there is a trade-off.<br><br><br> true or false
olga2289 [7]
I believe the correct answer is true. <span>For every decision you make, there is a trade-off. A decision is always accompanied by two choices. One of these choices is the better. Every choice has its own advantage and disadvantage so that a trade off will always be present. Hope this answers the question.</span>
6 0
3 years ago
Read 2 more answers
Other questions:
  • Which is not a trade-off for students who spend a semester abroad? seeing friends from home daily eating all of their favorite f
    5·2 answers
  • What does advice of deposit mean on a check?
    10·1 answer
  • Bradford company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. the company actually used 4,5
    10·1 answer
  • The Boston Hotel
    5·1 answer
  • Reginald's credit card statement states that his balance is $550. What does the term balance mean?
    14·2 answers
  • A country finds itself in the following situation: the government budget surplus is 2% of its GDP; private savings is 30% of GDP
    15·1 answer
  • 2. Buckeye Industries has a bond issue with a face value of $1000. The value of Buckeye’s asset is $1200. In one year they will
    15·1 answer
  • What is meeting the deductible?
    6·1 answer
  • Your company is estimated to make dividends payments of $2.1 next year, $3.6 the year after, and $4.2 in the year after that. Th
    13·1 answer
  • What are four ethical character traits
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!