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sp2606 [1]
3 years ago
15

Suppose the price of movie tickets decreases by 4%, causing the quantity demanded of popcorn to increase by 10%. What would the

cross-price elasticity for movie tickets and popcorn be in this example
Business
1 answer:
9966 [12]3 years ago
8 0

The cross-price elasticity for movie tickets and popcorn is 2.5.

Cross price elasticity measures how quantity demanded of good A changes as a result of a change in the price of good B.

Cross price elasticity -= percentage change in the quantity demanded of good A / percentage change in the price of good B

Cross price elasticity = percentage change in the quantity demanded of popcorn / percentage change in the price of movie tickets

10% / 4% = 2.5

To learn more about cross price elasticity, please check: brainly.com/question/13538185

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How can insurance help with meeting savings goals?
Rudiy27

Answer:

Explanation:

PROVIDING FOR YOUR FAMILY IF YOU PASS AWAY. ...

PROTECTING YOUR INCOME FROM DISABILITY. ...

GROWING YOUR MONEY OVER TIME. ...

SAVING FOR AN EMERGENCY. ...

SAVING FOR COLLEGE. ...

LIVING COMFORTABLY IN RETIREMENT

My mom does insurance

Hope this helps

6 0
3 years ago
Green Roof Inns is preparing a bond offering with a 6 percent, semiannual coupon and a face value of $1,000. The bonds will be r
belka [17]

Green Roof Inns is preparing a bond offering with a 6 percent, semiannual coupon and a face value of $1,000. The bonds will be repaid in 10 years and will be sold at par.-The correct statement is -<u>The bonds will sell at a premium if the market rate is 5.5</u>

Explanation:

The important point to be noted from the given question is that the bond is offered when the market rate is 6 percent.

So ,the bonds are said to selling at premium since the market rate has reduced from 6% to 5.5%

In this case it is right to say that -Green Roof Inns is preparing a bond offering with a 6 percent, semiannual coupon and a face value of $1,000. The bonds will be repaid in 10 years and will be sold at par.-The correct statement is -<u>The bonds will sell at a premium if the market rate is 5.5</u>

4 0
3 years ago
instead of only meeting the goals of upper management, malcolm could have also tried to meet the goals of his team members. this
swat32

Instead of only meeting the goals of upper management, malcolm could have also tried to meet the goals of his team members. This is known as servant leadership.

What is servant leadership?

Servant leadership is a leadership philosophy in which the aim of the leader is to work. This differ from traditional leadership where the leader's main goal is the thriving of their company or organization. A servant leader shares power, puts the wants of the employees first and helps people develop and perform as highly as possible.

Servant leaders are very values-based and mission-driven.

Learn more about servant leadership here:

brainly.com/question/27806974

#SPJ4

5 0
1 year ago
Z best, inc. issued $1,000,000 of common stock for cash. by accident, z best recorded the transaction by increasing cash and dec
kodGreya [7K]

As a result of Z best recording the transaction by increasing cash and decreasing stockholders' equity, the result would be The accounting equation is out of balance, SE is understated, contributed capital is understated,

<h3>What happens when stock is incorrectly recorded?</h3>

When Z Best issued common stock, they should have increased cash and increased stockholders equity.

Because they did not do that, they made the stockholders equity understated and the contributed capital as well. As a result of this, the accounting equation will not balance:

Assets = Equity + Liabilities

The accounting equation will not balance because assets will be more than the sum of equity and liabilities.

Find out more on the accounting equation at brainly.com/question/14236545

#SPJ1

5 0
2 years ago
Determine the amount realized and the character by Solar Corporation on the sale of the following equipment: PV1 purchased in 20
soldi70 [24.7K]

Answer:

The effect on the sale of PV1 would be $3,000 and on PV2 it is $1,500

Explanation:

For computing the effect on the ordinary income, we have to do the following adjustment which is shown below:

PV1 = Sale price-adjusted basis

      = $8,000 - $5,000

      = $3,000

The $3,000 represent the short term capital gain, and it is a short term capital gain because the equipment is sold in less than 1 year  

PV2 = Sale price-adjusted basis

       = $16,000 - $18,000

       = - $2,000

The $ -2,000 represents the long term capital loss , and it is a long term capital loss because the equipment is sold in more than 1 year  

So, the effect on the sale of PV1 would be $3,000 and on PV2 it is $1,500 because the deduction is allowed to a maximum of $1,500

5 0
3 years ago
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