Answer:
Cross price elasticity using midpoint method = 0.56
Step-by-step explanation:
Using the mid-point method
Cross-price Elasticity of Demand = <u>% change in Quantity demanded of UPS</u>
                                                           % change of price of FedEx
%change in Quantity demanded of UPS 
using Mid-point method                          = <u> Q2-Q1           </u>  × 100
                                                                      (Q1+Q2)÷ 2 
                                       = <u>1.3-1.2           </u>   × 100
                                         (1.2+1.3)÷2
                                      = <u>0.1      </u> × 100
                                        1.25
                                      = 8%
% change in price of FedEx 
using midpoint method    =<u> P2-P1            </u>× 100
                                              (P1+P2)÷ 2
                                           =<u> 75-65           </u>× 100
                                             (65+75)÷2
                                           =<u> 10  </u>   × 100
                                              70
                                           = 14.28%
Cross-price Elasticity of Demand =  8% ÷ 14.28%
using midpoint method                = 0.56
              
 
        
             
        
        
        
Answer:

Step-by-step explanation:






 
        
             
        
        
        
Answer:
   455 or 680, depending
Step-by-step explanation:
If we assume the three choices are different, then there are ...
   15C3 = 15·14·13/(3·2·1) = 35·13 = 455
ways to make the pizza. 
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If two or three of the topping choices can be the same, then there are an additional ...
   2(15C2) +15C1 = 2·105 +15 = 225
ways to make the pizza, for a total of ...
   455 + 225 = 680
different types of pizza.
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There is a factor of 2 attached to the number of choices of 2 toppings, because you can have double anchovies and tomato, or double tomato and anchovies, for example, when your choice of two toppings is anchovies and tomato.
_____
nCk = n!/(k!(n-k)!)
 
        
             
        
        
        
Markup is the amount added to the cost price of goods to cover overhead and profit.
Sue’s Corner Market has a markup of 60% on bottled water.
Let us say original price was $x.
Now price after markup is $2.
So we can make an equation like:
original price + markup price = price after markup
x + 60% of x =2


dividing both sides by 1.6
x= 1.25
So original price was 1.25 dollars.
 
        
                    
             
        
        
        
Answer:
5% I think
Step-by-step explanation:
Its mostly just a guess but I think its 5%