Business, 31.07.2019 06:10 chimbali9736

When the price of good a rises from $11 to $33, the quantity of good a demanded decreases from 400400 to 200200 units a day and the quantity of good c demanded increases from 150150 to 250250 units a day. from this information, we can determine that a. the cross elasticity of demand is positive, so the two goods are substitutes b. the goods are complements because as the price of good a changes so does the quantity demanded of good c c. the cross elasticity of demand is less than 1, so the two goods are substitutes d. good c is a normal good because as the price of good a rises, people switch to good c

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 08:10

Bakery has bought 250 pounds of muffin dough. they want to make waffles or muffins in half-dozen packs out of it. half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. it take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. how many of each should they make to maximize profit, if they have just 20 hours to do everything?

Answers: 3

Answer

Business, 22.06.2019 16:00

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?

Answers: 3

Answer

Business, 22.06.2019 20:30

What talents or skills do u admire most in others

Answers: 2

Answer

Business, 22.06.2019 22:10

jackie's snacks sells fudge, caramels, and popcorn. it sold 12,000 units last year. popcorn outsold fudge by a margin of 2 to 1. sales of caramels were the same as sales of popcorn. fixed costs for jackie's snacks are $14,000. additional information follows: product unit sales prices unit variable cost fudge $5.00 $4.00 caramels $8.00 $5.00 popcorn $6.00 $4.50 the breakeven sales volume in units for jackie's snacks is

Answers: 1

Answer

You know the right answer?

When the price of good a rises from $11 to $33, the quantity of good a demanded decreases from 40040...

Questions