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sveticcg [70]
3 years ago
5

Suppose a firm produces two products, X and Y. The firm earns revenues from X equal to $70,000 and revenues from Y equal to $60,

000. The own price elasticity of demand for X is -1.5 and the cross-price elasticity of demand between X and Y is -0.80. If the firm decreases the price of product X by 1%, the change in total revenues will be ______________ $
Business
1 answer:
tia_tia [17]3 years ago
3 0

Answer:830

Explanation:

simply follow the demand fomula and plug variables into desired location.

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Profession in medical are not practiced for money but for public welfare​
adoni [48]

Answer:

That's true but some people do it for money

if a Doctor decrease his price than poor people can get a better health care for them it.

Explanation:

It has been said that a profession is not a trade and not an industry .

yeah

4 0
3 years ago
Read 2 more answers
Becky Fenton has 25/60/10 automobile insurance coverage. If two other people are awarded $30,000 each for injuries in an auto ac
STALIN [3.7K]

Answer:

$60,000

Explanation:

Based on the information given that we were told that she has automobile insurance coverage of 25/60/10 which therefore means that the MAXIMUM AMOUNT that the insurance company will pay is the amount of $25,000 per each individual which will as well include the maximum amount of $60,000 per accident for all the individual..

Therefore The amount of the judgment that the insurance cover is $60,000

8 0
3 years ago
Sue wants her bow wow facility to be "the best in the camp bow wow system." if she visited an award-winning boarding kennel in n
Eduardwww [97]
Sue would be BENCH MARKING.
Bench marking is the process of comparing one's business processes  and performance metrics to industry best and best practices from other companies. Bench marking is usually done in order to achieve a competitive advantage in an industry.<span />
8 0
3 years ago
A strong incentive structure: Multiple select question. offers bonuses to managers based on firm performance. should be implemen
a_sh-v [17]

A strong incentive structure aligns worker self-interest with firms' interest.

<h3>What are incentives?</h3>

These are money or other forms of benefits that are given to the workers that are in a work place.

The reason why incentives are given is to encourage and influence the behavior of the workers. The incentives are used to motivate the workers to do more for the business.

Read more on incentives here:

brainly.com/question/964887

3 0
2 years ago
g Our company purchases $4,000 worth of merchandise inventory on credit with the terms 2/10, n/30. Transportation costs were an
irinina [24]

Answer: $3,826

Explanation:

Discount received on terms 2/10 = (Purchase value  – Cost of merchandise returned) x Discount Rate

= $4,000 - $300 x 2%

= $3,700 x 2%

= $74

 if the company paid the invoice within the discount period, Then the total cost of this merchandise

Total cost of merchandise =  Value of merchandise purchased– Cost of merchandise returned + Transportation Costs - Amount of discount received

= $4,000 - $300 + $200 - $74

= $3,826

5 0
4 years ago
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