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Aleks04 [339]
3 years ago
11

Question: According to a Honda press release on October 23, 2006, sales of the fuel-efficient four-cylinder Honda Civic rose by

7.1% from 2005 to 2006. Over the same period, according to data from the U.S. Energy Information Administration, the average price of regular gasoline rose from $2.27 per gallon to $2.57 per gallon. Using the midpoint method, calculate the cross-price elasticity of demand between Honda Civics and regular gasoline. According to your estimate of the cross-price elasticity, are the two goods gross complements or gross substitutes
Business
1 answer:
ELEN [110]3 years ago
8 0
<h2>Answer:</h2><h2><em><u>i</u></em><em><u> </u></em><em><u>don't</u></em><em><u> </u></em><em><u>know</u></em><em><u> </u></em></h2>

Explanation:

<h2><em><u>because</u></em><em><u> </u></em><em><u>im</u></em><em><u> </u></em><em><u>a</u></em><em><u> </u></em><em><u>grade</u></em><em><u> </u></em><em><u>3</u></em><em><u> </u></em></h2>
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A generation ago, ketchup was an essential element of every American pantry and salsa was a relatively unknown product. The popu
s344n2d4d5 [400]

Answer:

  • Social

Explanation:

PESTLE analysis is a tool to identify those external factors which influences organization.

P: Political Factors influencing organization's performance.

E: Economical Factors creating hurdles in the way of the organizations.

S: Social Factors account for changed behavior of consumers towards organization.

T: Technological Factors playing it's role in influencing organizational performance.

L: Legal Factors accounting for legal barriers for the organizations.

E: Environmental Factors affecting companies but no one pays attention to it.

  • Salsa's increased popularity is represented by Social Factor: As belief is the most vital element which has effect on consumers decision making a company's growth or loss can be accounted for it. Not just belief the demographics and the attitude of people towards general issues can play their roles as well.
3 0
4 years ago
A baseball team plays in a stadium that holds 58,000 spectators. With ticket prices at $10, the average attendance had been 27,0
bixtya [17]

Answer:P(x) = -3000\times(x) + 57000

Explanation:

Let the demand function be given by p(x)  

Let P(x) be the demand for the match at price x

P(x) = a\times(x) + b

27000 = a\times(10) + b

33000 = a\times(8) + b

Solving we get a = -3000 and b = 57000

Thus P(x) = -3000\times(x) + 57000

5 0
3 years ago
Read 2 more answers
An international strategy in which the company attempts to combine the benefits of global scale efficiencies with the benefits a
Yanka [14]

Answer:

The statement is true. An international strategy in which the company attempts to combine the benefits of global scale efficiencies with the benefits and advantages of local responsiveness is called global strategy.

Explanation:

"Global strategy" refers to the planning and delimitation of objectives that a certain company develops to fulfill its objectives at the international level, encompassing and integrating actions in various territories to maximize the benefits of the company, and providing international solutions for consumers and their claims.

7 0
3 years ago
You currently have $4,400 (Present Value) in an account that has an interest rate of 8% per year compounded annually (1 times pe
I am Lyosha [343]

Answer:

It will take 6 whole years to be able to withdraw all the money

Explanation:

To calculate the number of years it will take for the present value in your account to reach the future value we can adopt the expression below;

FV = PV (1 + r/n)^(nt)

where;

FV = the future value of the initial investment

PV = Present value of the initial investment

r = the annual interest rate

n = the number of times that interest is compounded per unit t

t = the time the money is invested for

In our case;

FV=$6,600

PV=$4,400

r=8/100=0.08

n=interest is compounded annually which is once a year=1

t=unknown

Replacing values in the formula;

6,600=4,400(1+0.08/1)^(1×t)

6,600=4,400(1+0.08)^t

6,600=4,400(1.08)^t

1.08^t=6,600/4,400

1.08^t=1.5

ln 1.08^t=ln 1.5

t×ln 1.08=ln 1.5

t=(ln 1.5)/ln 1.08

t=5.3 years

It will take 6 whole years to be able to withdraw all the money

3 0
3 years ago
Stephanie is working on a report and has reached phase 2 of the 3-x-3 writing process. what should she do first in this second p
-Dominant- [34]

Research and collect information.

<u>The phases of the 3 x 3 process are:</u>

1. Pre-writing: think about your audience, anticipate the reaction to your message adapt the message to the audience

2. Drafting: <u>research and collect information,</u> organize it and write the first draft

3. Revising: Edit, proofread, and make sure it meets the goals that you developed in the pre-writing process.

6 0
3 years ago
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