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alexdok [17]
3 years ago
13

Suppose the demand function for good X is given by: where is the quantity demanded of good X, is the price of good X, and is the

price of good Y, which is related to good X. Using the midpoint method, if the price of good X is constant at $10 and the price of good Y decreases from $10 to $8, the cross price elasticity of demand is about:_________
Business
1 answer:
Julli [10]3 years ago
3 0

Answer:

Quantity demanded is -0.4

Explanation:

Quantity demanded is -0.4 if the prices decline from $8 to $10. The cross price elasticity is the change in quantity demanded for the goods when the price of other goods changes. The price change can be minor and the quantity demanded change can be high.

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Wildside Inc., a company providing various wildlife tours, gives equal importance to customers and employees. The managers at Wi
irina [24]

Answer:

Internal marketing

Explanation:

Internal marketing is a promotion of company's program or product toward the people within the company rather than customers in the market.

Internal marketing is often being done for several purposes:

- to increase employees' willingness to advocate for the company's brand.

- If the employees within the company talk negatively about their own brand, this will create a more serious damaged compared to negative talk provided by customers or competitors. Internal marketing is sued to prevent such situation.

- To increase employees' overall productivity.

By making sure the employees are satisfied with their jobs, it will increase the likelihood that the employees become more willing to put more time and effort into their job. This will resulted in increasing productivity.

8 0
3 years ago
MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the c
m_a_m_a [10]

Answer:

The correct answer is c. Management Information System.

Explanation:

A Management Information System is a computer system that gathers, stores, analyzes, displays and reports data with the purpose of aiding decision-makers to be informed and make high quality decisions that are useful to a company. It consists of:

  • People, that take advantage a MIS to make effective decisions.
  • Hardware, physical structure that supports the MIS.
  • Software, computer programs that aid in all the processes to handle the data e.g. analysis, retrieval, etc.
  • Databases, that store the data of a MIS.

The information can be related to any area of the company, for example Research & Development (R&D), Marketing, Finances, Project development, Human Resources, etc.

The use of a MIS allows a company to have easy access to information, fast data processing and information retrieval, accurate data analysis, reduction of duplicates and reliable backup for the information stored.

7 0
4 years ago
If Project Repat were to acquire another firm that makes or sells similar products in similar markets, it would be an example of
SVEN [57.7K]

Answer:

b. Horizontal merger.

Explanation:

Project Repat is merging with a company that produces similar products to its own markets them in similar markets as well, this is an example of a horizontal merger that results in increased synergies between the similar firms and a greater market share opportunity.

Vertical mergers are usually not in the same industry. They would either be with the suppliers of Project Repat or customers who retail Project Repat's products.

Conglomerate is an example of diversification and usually the merging firms have different operations.

There are no information of clashes of any sort within the two  merging companies so it is uncertain whether this is a hostile takeover.

Hope that helps.

3 0
3 years ago
A machine can produce 2,500 products per hour. If 37 of those products were defective, what is the defect rate per hour for the
daser333 [38]

The defective rate per hour for a machine is 0.0148 or it can be said that the defective rate per hour for a machine is 1.48%.

<h3>What is the defective unit?</h3>

A unit is considered faulty if it has one or more flaws. The quantity of defective units is typically counted during inspections. Many people prefer to use the word "nonconforming units" to make it clear that just because a unit doesn't satisfy the requirements doesn't mean it is ineligible for use.

Given,

Total Production per hour = 2500

Defective unit per hour = 37

Calculation of Defective units rate per hour = Defective unit per hour divided by the Total Production per hour and multiply by 100.

      Defective Unit rate per hour = 37 x 100/2500  = 1.48%

Thus, the defective unit per hour rate is 1.48% or 0.0148. The quantity of defective units is typically counted during inspections.      

Learn more about Defective Unit here:

brainly.com/question/15698853

#SPJ1

4 0
2 years ago
On July​ 1, 2018, Mason​ &amp; Beech Services issued $ 44 comma 000 of 11​% bonds that mature in five years. They were issued at
My name is Ann [436]

Answer:

The total amount paid to​ bondholders is $2,420.

Explanation:

Bonds are long-term liability or debt, usually issued at face value, discount or premium.

The total amount paid to bondholders on December​ 31, 2018 will be the semiannual interest payments, calculated as follows: Face value of the bond x Period interest rate (semi-annual).

Total payment: $44,000 x 11% / 2 = $2,420

8 0
3 years ago
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