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ss7ja [257]
4 years ago
13

A restaurant sells salsa and guacamole, each of which can be eaten with the tacos that the restaurant sells. The manager of the

restaurant is not sure whether salsa and guacamole are substitutes or complements. However, after increasing the price of guacamole from $2.00 to $2.50, the manager notices that daily salsa sales rise by 5%. What is the cross price elasticity of salsa and guacamole, and what can the manager conclude about their relationship?
Business
1 answer:
sergiy2304 [10]4 years ago
3 0

Answer:

The cross price elasticity of salsa and guacamole is 0.2. The two goods are substitutes.

Explanation:

The price of guacamole is increased from $2 to $2.5.

Percentage change in price

= \frac{new price\ -\ initial\ price}{initial\ price} \times100

= \frac{2.50\ -\ 2}{2} \times100

= 25%

The demand for salsa rises by 5%.

The cross price elasticity will be

= \frac{percenatge\ change\ in\ quantity\ demanded}{percenatge\ change\ in\ price}

= \frac{5}{25}

= 0.2

We see that the cross price elasticity is positive. This means that the two goods are substitutes. When price of one good will increase consumers will prefer the cheaper substitute, increasing its demand.

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From the following particulars of Purple New Co., prepare the bank reconciliation statement as on May 31, 2016.
juin [17]

Answer:

Explanation:

Bank reconciliation statement:

Cash account balance $3950

Less: Deposit in transit ($900)

Less: Bank service charges ($75)

Add: Interest added to the checking account by the bank $150

Add: Checks outstanding $960

Less: Check drawn incorrectly charged by the bank ($85) [150-65]

Adjusted balance $4,000

5 0
3 years ago
Your first morning in your new office, you reflect on what type of manager and leader you hope to be. Which of the following bes
d1i1m1o1n [39]

Answer:

a. Employees are more loyal and productive if they feel that their leader is admirable, caring, and ethical.

Explanation:

Leadership can be defined as a process which typically involves motivating, encouraging and inspiring employees working under an individual to be innovative and create positive changes that will foster growth and enhance the success of a business firm or company in the future.

A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Some types of power expressed by leaders are referent power, legitimate power, coercive power, etc.

Generally, leaders use their powers to get other people to follow them. Some forms of power result from a formalized position in the organization while others are derived from personal characteristics or knowledge.

Basically, when a leader possesses and favors referent power (strong interpersonal relationship skills with subordinates), he or she would have a strong and productive working relationship with his subordinates (employees) because it encourages loyalty.

Hence, employees are more loyal and productive if they feel that their leader is admirable, caring, and ethical.

3 0
3 years ago
It is possible to succeed in practicing business etiquette by simply
denpristay [2]

Answer:

From the given options, I strongly believe the answer to be A.

Explanation:

Lets break down the options more clearly now.

Option B can't be true. In fact, it is ridiculous! How can you practice etiquette by being stubborn?

Option C is, well, No! Making more money won't help you to succeed in practicing business etiquette. In fact there are a lot of individuals who has made a lot of money through unethical business practices!

Option D is irrelevant.

Option A however, is highly suitable. You be courteous, polite and Ethical. and also you are thoughtful, cautious and rational in your decision making. that is a proven formula to succeed in any business environment!

7 0
4 years ago
Randall is an electrical assistant and receives an hourly wage. He is eligible for overtime pay which makes him?
Elenna [48]

Randall is an electrical assistant and receives an hourly wage. He is eligible for overtime pay which makes him a nonexempt employee.

<h3>Who is a nonexempt employee?</h3>

A non-exempt employee is an employee who is eligible to get a minimum range of salary and overtime payment for which he or she works.

  • Exempt employees and nonexempt employees are differentiated under the Fair Labor Standards Act (FLSA)
  • Any job governed by a different federal labor law would likely be excluded from FLSA requirements
  • There are other classifications of employees in addition to exempt and non-exempt including trainees, interns, temporary workers, and volunteers are also covered in which they have their pay requirements under the FLSA or state law
  • Nonexempt employees do not come under managerial positions, they are enrolled with less responsibilities compared to exempted employees

To learn more about Exempt employees and nonexempt employees, refer to:

brainly.com/question/28136801

#SPJ4

4 0
2 years ago
_______ is not considered to be a "developing" nation. A. Brazil B. India C. China D. Japan E. Mexico
PIT_PIT [208]

Answer:

A. Brazil

Explanation:

6 0
3 years ago
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