Answer:
B) complements
Explanation:
The cross elasticity shows a relationship between the percentage change in quantity demanded with the percentage change in the price.
In case of the substitute goods, the relation between the price and the quantity demanded is positive that means if the price of goods increased than the quantity demanded is also increased
And, In case of the complementary goods, the relation between the price and the quantity demanded is negative that means if the price of goods increased than the quantity demanded is decreased
According to the given situation, the most appropriate option is B.
<span>Food service operators must pay attention to detail and watch their finances in order to maximize the profit they can generate through the operation of their business. There are many aspects of a food service business that have potential to be a loss, so operators must be aware of these aspects - such as loss from ordering too much food or ingredients, employee theft, and so on.</span>
Answer: Economic cost = $175,000
Accounting cost = $100,000
Explanation: The difference between economic cost and accounting coast is economic cost takes into consideration the next best alternative foregone, that is, opportunity cost whereas accounting cost only sums cost incurred. In the given case the interest on savings and salary of job is the opportunity cost of Jill.
Therefore,
Economic cost = $5000 + $70,000 + $80,000 + $40,000 - $20,000=$175,000
Accounting cost = $80,000 + $20,000 = $100,000
They can recover the lost revenue that they would have expected to earn if their park had been open on time.
Answer:
d. the estimated slope coefficient is more likely to equal the population slope coefficient.
Explanation:
R squared is a statistical measure that measures the closliness of data from regression line. in general a large r squared tends to suggest that the estimated slope coefficient is more likely to equal the population slope coefficient.
