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
netineya [11]
3 years ago
10

Suppose we have the following information concerning the printed magazine and digital magazine subscription markets:

Business
1 answer:
Sidana [21]3 years ago
6 0

Answer:

Cross-price elasticity of demand between printed and digital magazine subscriptions is 8.91.

Explanation:

Percentage change in price of Printed Magazine Subscription = ((Printed Magazine Subscription Price1 - Printed Magazine Subscription Price0) / Printed Magazine Subscription Price0) * 100 = (($13.40 - $20) / $20) * 100 = -33%

Percentage change in quantity of Digital Magazine Subscription Quantity = ((Digital Magazine Subscription Quantity1 - Digital Magazine Subscription Quantity0) / Digital Magazine Subscription Quantity0) * 100 = ((208 - 216) / 216) * 100 = -3.7037037037037%

Cross-price elasticity of demand between printed and digital magazine subscriptions = Percentage change in price of Printed Magazine Subscription / Percentage change in quantity of Digital Magazine Subscription Quantity = -33% / -3.7037037037037% = 8.91

Note: The relationship between printed and digital magazine subscriptions is that they are substitutes because the cross-price elasticity between them is positive. That is, an increase in the price of printed digital magazine makes consumer to switch to and buy more of digital magazine which is a substitute.

You might be interested in
A travel company sells tours in Costa Rica on its website. Instead of designing the website themselves, the company hired an out
Georgia [21]
This would be considered a collaborative partnership since they got help from another software team
6 0
3 years ago
Why do you think celebrities bother to involve themselves in politics?
vova2212 [387]

Answer:

Answer in explanation.

Explanation:

I think that celebrities bother to involve themselves in politics to try and make a statement or gain more fame and followers. Oftentimes, you see celebrities speaking on world events such as the BLM act, global warming, wildfires, or the pandemic that is still ablaze. As we all know, all politicians have their strong opinions but the points do not always get across when just the politicians talk about it. Sometimes, celebrities feel the need to speak on a topic that may be popular in the world of politics just to shine a light on it or even to get more attention. In conclusion, I feel that celebrities try to worm their way into politics because I believe that they think that it will make an impact.

7 0
3 years ago
What do organisations need to consider when implementing best practice performance management systems?
kolbaska11 [484]

Answer:

Remember that performance review is NOT performance management. ...

Identify the purpose of managing performance. ...

Clarify the work to be done. ...

Set goals and establish a performance plan. ...

Conduct regular and frequent coaching. ...

Conduct a formal review of performance.

Explanation:

YOU COULD'VE JUST LOOKED IT UPPPPP AHAHAHHABHADGHVDBGVFHJF

7 0
3 years ago
Which of the following is not characteristic of the typical limited liability company? Death of a member (owner) causes it to di
natulia [17]

Answer:

Death of a member does not cause the LLC to dissolve unless the rest of the members want to continue. It is not a characteristic of a limited liability company.

Explanation:

An LLC or limited liability company is a kind of hybrid corporate structure which combines the characteristics of a corporation and sole proprietorship or partnership. The company has a separate legal existence apart from its members. The members have a limited liability. There is flexibility in taxation. All the members are allowed to participate in management, there is no board of directors for management.

8 0
3 years ago
g purchased a 25% stake in for $486,000 on Jan 2, 2021. On Jan 1, 2021, Satisfactory had a book value of equity on its balance s
stepladder [879]

Answer:

Perfection records in it's books an Investment in Associate of $486,000

Explanation:

Hi, your question has missing information, i tried to look for the full question online but I could not find it.

However, I have prepared below explanation to the problem.

When a firm has investments into another firm of less than 50% voting rights in stake but greater than 20% we say that firm has significant influent in the investee. The firm is said to have an Investment in an Associate.

Investments in Associates are always recorded using the Equity Method of Accounting.

<u>Entries for Investment in Associate are :</u>

Debit :Investment in Associate ($1,944,000 × 25%) $486,000

Credit : Share of profits of associate $486,000

Conclusion :

Perfection records in it's books an Investment in Associate of $486,000

4 0
3 years ago
Other questions:
  • All of the following are career myths that influence people’s perception of how important career explorations are for an individ
    5·1 answer
  • Ray Schultz, a highly competent employee, had been overlooked for a promotion twice in the span of six months and he recently fi
    10·1 answer
  • The primary of financial reporting is to provide financial information about companies that is useful to capital providers for d
    7·1 answer
  • Which level of maintenance involves preventive and corrective procedures which are intended to restore equipment to a mission-ca
    5·1 answer
  • Complete the bill of materials by calculating the extended cost of each component and the total materials cost for each brake sy
    7·1 answer
  • Advertisements for CL brake products, True spark plugs, AM chassis parts, and Stone wheels featured in Tire Review, a journal fo
    9·1 answer
  • A town with a small airport is served by two competing airlines. Which of the following strategies would make the airlines more
    11·1 answer
  • Suppose Barry is maximizing his utility from consuming used paperback novels and audio books. The price of a used novel​ = $4 an
    11·1 answer
  • Bravo Company began operations at the beginning of 20X6 with a $10,000 cash investment by stockholders. During 20X6, Bravo Compa
    12·1 answer
  • Which of the following would not be found in a schedule of noncash investing and financing activities, reported at the end of a
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!