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2 years ago

For which pairs of goods is the cross-price elasticity most likely to be positive?.

Business

1 answer:

algol132 years ago

6 0

The pairs of goods for which the cross-price elasticity would be postive are pens and pencils.

<h3>What is cross-price elasticity?</h3>

Cross price elasticity of demand measures the percentage change in the quantity demanded of good A to percentage change in the price of good B.

If cross price elasticity of demand is positive, it means that the goods are substitute goods. Substitute goods are goods that can be used in place of another good.

Here are the options of this question:

a. peanut butter and jelly

b. bicycle frames and bicycle tires

c. pens and pencils

d. college textbooks and iPods

To learn more about price elasticity of demand, please check: brainly.com/question/18850846

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Determining how many man-hours are needed to meet production goals involves what type of management role

emmainna [20.7K]

The determination of the number of man-hours that are needed to meet production goals by the management involves an informational role.

<h3>What is management?</h3>

It should be noted that management simply means the process of controlling people to achieve a goal.

In this case, the determination of the number of man-hours that are needed to meet production goals involves ana informational role.

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2 years ago

Typically, the ________ style of leader avoids dominating groups. autocratic laissez-faire authoritarian democratic

aleksklad [387]

Typically, the<u> laissez-faire</u> style of a leader avoids dominating groups.

In French, "laissez-faire" literally means "let someone do what they want". The origins of laissez-faire are associated with his group of 18th-century French economists, the Physiocrats, who believed that government policy should not interfere with the running of the natural economy.

An example of laissez-faire is the economic policies of capitalist countries. An example of laissez-faire is when homeowners can grow whatever they want in their front yard without asking for a city permit. Do not interfere in the affairs of others.

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2 years ago

When countries specialize in the production of goods they have the comparative advantage in, both ___________ and ______________

Anna71 [15]

Based on the question above, <u>demand and supply</u> will increase.

<h3>Demand</h3>

demand is the quantity of a good that consumers are willing and able to buy at various prices during a given period of time.

<h3>Supply</h3>

supply is the amount of a resource that firms, manufacturers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.

Therefore, the correct answers are demand and supply.

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7 0

2 years ago

Search... Unlock all answers JOIN FOR FREE jswagballerlife4060 01/08/2020 Business College answered LO 5.3Direct material costs

Tomtit [17]

Answer:

$130,000

Explanation:

Calculation to determine the value of the inventory transferred to the next department

First step is to calculate the Cost per unit

Using this formula

Cost per unit = Direct material costs + Direct labor costs + Overhead

Let plug in the formula

Cost per unit=$3+$5+(100%*$5)

Cost per unit = $3 + $5 + $5

Cost per unit = $13

Second step is to calculate the inventory transferred using this formula

Inventory transferred = Beginning inventory + Started Inventory - Ending inventory .

Let plug in the formula

Inventory transferred = 2,000 + 9,000 - 1,000

Inventory transferred = 10,000 units

Now let calculate the value of the inventory transferred

Using this formula

Value of inventory transferred = Inventory transferred × Cost per unit

Let plug in the formula

Value of inventory transferred = 10000 × $13

Value of inventory transferred = $130,000

Therefore the value of the inventory transferred to the next department is $130,000

8 0

3 years ago

A monopolist can sell 26,000 units at a price of $30 per unit. lowering price by $1 raises the quantity demanded by 1,000 units.

Nutka1998 [239]

If he sells the shares at 30 per unit, the equation would be:
30*26000=780000

If he lowers the price to 29 per unit and ups the demand by 1k, it would be:
29*27000=783000

The resulting change would net him an additional 3000 dollars, so your answer would be B.

7 0

3 years ago