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Soloha48 [4]
3 years ago
11

Suppose the cross-price elasticity of travelling by bus and travelling by train is 0.7. If the price of traveling by bus increas

es by 40%, how much would the quantity of traveling by train change
Business
1 answer:
galina1969 [7]3 years ago
8 0

The quantity of traveling by train would change by 28%.

Cross-price elasticity measures how the quantity demanded of a good is affected by changes in the price of another good.

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

0.7 = percentage change in the quantity of traveling by train / 40%

Percentage change in the quantity of traveling by train = 40 x 0.7 = 28%

To learn more about cross price elasticity, please check: brainly.com/question/26035503

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Ruth gives Seth a computer as a gift. Using the computer, Seth develops a new game, for which he obtains intellectual property p
forsale [732]

Answer:

production

Explanation:

Based on the information provided within the question it can be said that Seth's acquisition of the game is by production. This is the process of completely creating from scratch the idea that leads to the product. Which is what Seth did since he developed the game from zero. Using the computer that was gifted to him as a tool.

8 0
3 years ago
You are working as a manager of a financial planning office where you require your employees to have a presence on social media.
Kitty [74]

Answer:

Yes

Explanation:

In the context, it is given that I am working as a manager in a financial planning office. One of my employees posted in the twitter that he need $ 500 to pay for his house rent for the month.

I would call the employee and would ask him to remove the post from the social media account as it might hamper the business of our company and sends a negative signal to the customers about the efficiency of the employees.

If the employees of the financial planning office cannot plan his spending and savings, then how the customers will have faith that our office will help them plan their money. It will have a negative effect to our reputation of the company and so I will ask him to remove it form the social media account and prevent anybody from doing this in the future.

7 0
3 years ago
Why is it beneficial for businesses to be stationed in cities?
masya89 [10]
Because there are more buyers of your product and more suppliers for the things you need.
5 0
3 years ago
Which loan type provides interest subsidy meaning department of education pays your interest while.
zlopas [31]

Subsidized direct loan provides interest subsidy meaning department of education pays your interest while.

<h3>What is loan?</h3>

The term loan refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. In many cases, the lender also adds interest and/or finance charges to the principal value which the borrower must repay in addition to the principal balance. Loans come in many different forms. There are a number of factors that can differentiate the costs associated with them along with their contractual terms. Interest rates have a significant effect on loans and the ultimate cost to the borrower. Loans with higher interest rates have higher monthly payments or take longer to pay off than loans with lower interest rates.

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5 0
1 year ago
Question 1
mr Goodwill [35]

Answer:

This is an absolutely  great idea. The only problem is where are you planning to hold your Business? Where are you selling these candies? How will you spread the word? What can you do to make sure people come back and want more of your product?

Explanation: I always wanted to sell candy when I was little but never pulled the trigger on it. For starters I think you should make the names a bit more of a friendly connotation so people don't assume the worst of your product. Your best bet to sell your items and candies would be at school. Now to be honest more kids are carrying money around now than they ever had when I was in elementary-middle school. This is your best bet. Make sure when you are selling your candies to not go in debt with your business, so many people I know tried this and failed because they put way more money then they were making because they thought it would pay off. Yes sometimes take the risk but almost always if your just trying to make a couple bucks, take it easy and sell for a reasonable price. If it costs about $10 to make "Brown Cows" for about 20 people then sell each brown cow for $1.25 per stick. If you have 20 people who are willing to buy you would make 15 dollars profit. Final thing is actually finding people to sell to. Most people go at these type of things alone which I think is a great idea. But if you want to get the word out even more tell a popular kid that you will pay him 5  for every 20 "Brown Cows" he sells. You can really pay him anything you want as long as your not going over your profit margin! Good luck and I would love to know how this goes!

7 0
3 years ago
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