Answer:
The cross-price elasticity is - 0.8.
Explanation:
The price of antique furniture increased by 10 percent and the quantity demanded decreased by 30 percent, and with no change in the price of refinishing products, the quantity of refinishing products demanded decreased by 8 percent.
The cross-price elasticity of demand measures the change in the demand for a product due to a change in the price of a related good. Negative cross-price elasticity means the goods are complements. Positive cross-price elasticity implies that the goods are substitutes.
Cross price elasticity
= 
= 
= - 0.8
The cross price elasticity is negative which means that the goods are complements.
Groups have an influence on what is acceptable and what is not during CONVENTIONAL <span>stage of ethical decision making
</span>
in the CONVENTIONAL stage of ethical decision making, the group started to develop a sense of morality in order to fulfill society's expetation toward them. This lead to a development of moral guideline that determine what actions are wrong and what actions are acceptable.
The Raid on St<span>. </span>Augustine<span> was a military event during the Anglo-Spanish War in which the ... Expedition and was the last engagement on the Spanish main before Drake headed north for the Roanoke </span>Colony<span>. The expedition also forced the Spanish to abandon any settlements and forts in present-day </span>South Carolina<span>.</span>
Answer:
The correct answer is: marginal analysis
Explanation:
Marginal analysis allows individuals to maximize their utility by weighing marginal benefits against marginal costs. Doing this analysis prior to decision making leads to optimal decisions. In economic theory, whenever marginal benefit equals or exceeds marginal costs, a rational decision is being made.
