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iragen [17]
2 years ago
11

If the price of Product E decreasing by 2% causes its quantity demanded to increase by 14% and the quantity demanded for Product

F to increase by 17%, what is the cross-price elasticity of demand? Round your answer to one decimal place. What is the relationship between these goods? A) no relationship
B) complements
C) substitutes
Business
1 answer:
Reika [66]2 years ago
5 0

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.

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A change in company policy now means that employees have to gather a lot more information from a customer before dealing with a
MrMuchimi

Answer:

A Apologises for any trouble and explain the change to each customer.

Explanation:

After changing the organization policy first the employees want to understand the policies of the company so that they are able to communicate with the customers but before that the employees required to grab more information with respect to the customer before dealing with it.

For any trouble, the employees should apologises it and explain to them what is the changes in the policy to each customer and why it is important

Hence, the first option is correct

4 0
2 years ago
Feinstein, Inc., an appliance manufacturer, is developing a new line of ovens that uses controlled-laser technology. The researc
MariettaO [177]

The research and testing costs associated with the new ovens is said to arise from a product-sustaining activity.

Explanation:

Product-sustaining activities are carried out where appropriate to facilitate the production of each product type. Types of design-sustaining practices include product requirements, technical improvements and special testing procedures.

Such costs may be assigned to each commodity but are not proportional to the number of manufactured units or quantities. Organisation-sustaining operations support the overall production cycle of an organisation.

The ventilation and maintenance of the building, the protection of the facility and the administration are examples of safe facilities.

Products are allocated the costs for the operations at a unit level, batch level and component level depending on the consumption of each commodity. Goods are distributed randomly or viewed as time expense for purpose of facility-sustaining operations.

6 0
2 years ago
Many Super Bowl football tickets are resold online for several times their face value. As the game day approaches, unsold ticket
Alenkasestr [34]

Answer:

The answer is b) rise in price to target desperate last minute buyers.

Explanation:

Last minute buyers would buy the tickets despite the increase in price. Revenue is likely to be maximized from the premium in the tickets' price.

8 0
2 years ago
________ is the movement to protect the valid interests of consumers and is a major force in small business today.
andre [41]
Consumer protection is the movement to protect the valid interests of consumers and is a major force in small business today
7 0
2 years ago
Sister Pools sells outdoor swimming pools and currently has an aftertax cost of capital of 11.6 percent. Al's Construction build
pentagon [3]

Answer:

NPV -6,422.07908

The investment is not profitable at current cost of capital os 11.6%

Explanation:

Sister Pools 11.6% after tax cost of capital

Contructions 10.3% after tax cost of capital

- 85,000

cash flow 17,000 for next 7 years

<u>We will calculate the present value of a 7-years annuity of 17,000 at 11.6% </u>rate

<em>We use Sister Pools rate because we are asked for this company and there is no indication about a change in the cost of capital condition.</em>

<em />

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\\\\\\\17,000 \frac{1-(1+0.116)^{-7} }{0.116} = PV\\

PV = 78,577.92092

<u>Next we subtract the investment cost to get the Net Present Value</u>

78,577.92092 - 85,000 = -6,422.07908

3 0
2 years ago
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