Answer:
1.2
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good D to changes in price of good C.
Cross price elasticity = percentage change in quantity demanded of good D / percentage change in price of good C = 60% / 50% = 1.2
I hope my answer helps you
<span> Rusty will pay less interest with the adjusted balance method and the average daily balance method, but not with the previous balance method.</span>
Answer:
a. the excess of sales revenue over variable cost
Explanation:
The contribution margin shows a difference between the sales revenue and the variable cost
And, the same formula is applied for calculating the contribution margin per unit
i.e
Contribution margin per unit = Selling price per unit - Variable expense per unit
In mathematically,
Contribution margin = Sales revenue - variable cost
Therefore, the correct answer is a.
