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lakkis [162]
3 years ago
15

If a 30 % price increase for Product A causes a 10 % decrease in its quantity demanded, but no change in the quantity demanded f

or Product B, what is the cross-price elasticity of these goods? Round your answer to one decimal place.
Business
1 answer:
IrinaVladis [17]3 years ago
6 0

Answer:

0

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good B to changes in price of good A.

The increase in price of product A has no effect on the quantity demanded of product B. Therefore, the cross price elasticitiy is zero.

I hope my answer helps you

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At an activity level of 9,200 machine-hours in a month, Nooner Corporation's total variable production engineering cost is $825,
dybincka [34]

Answer:

variable per unit        $  89.72

fixed cost per unit     $  26.5

total unit cost            $  116.22

Explanation:

Variable cost per machine-hour

825,420 / 9,200 = 89.72

This will keep constant at unit level thus, at 9,400 the variable cost will still be 89.72

Now fixed cost: 249,100 / 9,400 output = 26.5

This is the fixed cost per unit considering a 9,400 untis output

Now, we add them to get the total unit cost:

89.72 + 26.5 = 116.22

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7 0
2 years ago
The longer the time period considered the more the elasticity of supply tends to
sdas [7]
The longer the time period considered, the more the elasticity of supply tends to INCREASE.
The elasticity of supply refers to the responsiveness of suppliers to the change in price of their products or services. Elasticity of supply is measured as a ratio of proportionate change in quantity supplied to the change in price. Elasticity of supply tends to increase with time.<span />
5 0
3 years ago
Identify a true statement about process layouts.
iragen [17]

Answer:

b. they can be used to produce a variety of products without the need for expensive retooling.

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