All categories

3 years ago

Consider the market for _____.

Business

1 answer:

Natasha_Volkova [10]3 years ago

8 0

Answer:

Note: The full question is attached as picture below

Cross price elasticity of demand = (P1 + P2)/(Q1 + Q2) x (Q2 - Q1)/(P2 - P1)

P1 = $1.5 , P2 = $1.75 (syrup)

Q1 = 292, Q2 = 272 (pancakes)

CPE (pancakes) = 3.25/564 x (-20/0.25)

CPE (pancakes) = -0.46

If the CPE of demand for pancakes w.r.t. the price of syrup is -0.15, pancakes and syrup are complements (complements have negative cross price elasticity).

You might be interested in

Nav is the net assets valuation which is the value of the total assets held in a portfolio.

Goryan [66]

If this is true or false, then its true.

6 0

4 years ago

Pendleton Company, a merchandising company, is developing its master budget for 2015. The income statement for 2014 is as follow

Amanda [17]

Answer:

<u>Budgeted functional income statement for 2015</u>

Gross sales ($2,000,000 × 1.04 × 1.06) $2,204,800

Less: Estimated uncollectible accounts ($2,204,800 × 2 %) ($44,096)

Net sales $2,160,704

Cost of goods sold (1,100,000 × 1.03) ($1,133,000)

Gross profit $1,027,704

Operating expenses (475,000 × 1.10) ($522,500)

Depreciation ($25,000)

Net income $480,204

Explanation:

Make the adjustments stated on the 2014 Income Statement.

For Operating Expenses, it is wise to first remove the depreciation expense and apply the increment of 10% to reflect Operating Costs for 2015.

Treat Depreciation Expense separately and at the same amount as for 2014, since depreciation is calculated on straight line method.

3 0

3 years ago

The city fire department offers its services to any individual within its city limits, so even paul, who is driving through the

Sholpan [36]

I would say that the fire department is an example of an organization with universal coverage something like pensions and medicare pthat are provided to all citizens of a country regardless of their income and so is an equitable system. Consequently then I would say that the fire department is an example of a commonwealth organization.

4 0

3 years ago

Read 2 more answers

Venus Inc., a manufacturer of canned meat, tried to market its canned beef products in India. Since cows are considered sacred i

Dafna11 [192]

Answer:

cultural

Explanation:

Based on the scenario being described it can be said that this indicates that Venus Inc. did not understand the cultural environment in India. A cultural environment are the different beliefs, practices, behaviors, and norms that exist in a society. Cows being sacred is a belief in Indian culture, and the lack of this knowledge is what caused the marketing strategy to fail.

4 0

3 years ago

Read 2 more answers

Quantities listed in market demand schedules are ______________ those found in individual demand schedules.. Answer. A. smaller

Tpy6a [65]

The correct answer to this question is this one: "B. larger than." <span>Quantities listed in market demand schedules are larger than those found in individual demand schedules. I just took the exam recently and that is the correct answer. Hope that helps answer your question.</span>

4 0

4 years ago

Read 2 more answers