Final answer:
The cross-price elasticity of demand between pineapple juice and grape juice is calculated as the percentage change in quantity demanded of grape juice divided by the percentage change in price of pineapple juice. With a 10% increase in price of pineapple juice and a 5% increase in demand for grape juice, the cross-price elasticity is 0.5.
Explanation:
The cross-price elasticity of demand measures how the quantity demanded of one good responds to a change in the price of another good. The formula to calculate it is the percentage change in quantity demanded of one good divided by the percentage change in price of another good. In this case, with a 10% increase in the price of pineapple juice leading to a 5% increase in the demand for grape juice, you would calculate it as follows:
Cross-Price Elasticity of Demand = (% Change in Quantity Demanded of Grape Juice) / (% Change in Price of Pineapple Juice)
This gives us:
Cross-Price Elasticity of Demand = (5%) / (10%)
Cross-Price Elasticity of Demand = 0.5
Thus, the cross-price elasticity of demand between pineapple juice and grape juice is 0.5.
Free trade refers to a situation where _____. taxes are not imposed on goods that are produced and sold within a country goods and services are offered for free to the citizens by a government a government does not try to influence what its citizens can buy from global markets firms that function in a country are not taxed on the profits that they generate
Cassandra's demand for orange juice is price elastic. a severe frost destroys much of the florida orange crop. cassandra ______.
Jerry lost his credit card and instead of reporting it right away, he decides to continue looking for it believing he could find it. Some time passes and after two weeks, he logs into the account activity page of his credit card and sees a recent $500 internet purchase that was made by someone else. At that moment, he calls to report his card stolen. How much of this $500 charge is Jerry at risk for having to pay?
Jerry is at the risk of losing $500.
Further Explanation:
Credit card:
A credit card is issued by banks and other financial institutes. It is a plastic card that has the specific details of the individual, lends him some specific money, and allows him to withdraw the funds from the account of the bank. The credit card can be used for the purchase of goods and services. The line of credit is the maximum amount that the credit card holder can withdraw.
Lost credit card:
When the credit card is stolen or lost because of the mistake of the credit card holder, then the holder of the card is liable for any amount withdrawn from the account. The bank has not made any mistake from their side. The bank will not be liable for any fraud amount withdrawal.
When jerry lost his credit card, and someone else withdraws $500 from his account, then the bank is not liable for any refund because the credit card was used in the correct process, and the bank was right at their part. Therefore, the bank will be liable for any withdraw. Jerry is liable for the whole payment because he did not report the lost credit card.
Thus, Jerry is at the risk of losing $500.
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Answer Details:
Grade: Senior School
Chapter: Money & Banking
Subject: Business Studies
Keywords: Jerry, lost, credit card, instead, reporting, right away, decides, continue, looking, believing, could find it, Some, time, passes, after, two weeks, logs, into, the account, activity, page, internet purchase, someone else, report, card is stolen, this, risk.
The horizontal line at the world price of tricycles represents the
Why must certified sustainable palm oil plantations be required to minimize their use of fire and pesticides?
A teacher sets up a machine that beeps at random intervals; research has demonstrated that, if students check "yes" or "no" in answer to whether they were paying attention when the beeper beeps,
Uses the same underlying philosophy as shortest job next, where the shortest jobs are processed first and longer jobs are made to wait.
A new company manufactures tennis rackets. The fixed expenses are $78,490 and the variable expenses are $14 per racket produced. What is the expense of producing 3,500 rackets?
The solution for the problem follows:
Expense = variable expenses * quantity of produced + fixed expenses
= 14q + 78,490
= 14 (3500) + 78, 490
= 49000 + 78,490
= $127, 490 is the total expense for 3,500 tennis rackets
Get the per piece expense by dividing 127,490 to 3500
Expense per piece = 127,490 / 3500
= $36.43
Final answer:
The expense of producing 3,500 rackets is calculated by adding the fixed cost of $78,490 to the total variable cost (3,500 rackets × $14 per racket), resulting in a total production cost of $127,490.
Explanation:
Calculating Total Production Cost
To find the expense of producing 3,500 rackets, we need to calculate both the fixed and variable expenses. The total fixed cost is given as $78,490, which remains the same regardless of the quantity produced. For variable expenses, it's $14 per racket. So, for 3,500 rackets, the total variable cost would be 3,500 rackets times $14 per racket.
Total Variable Cost: 3,500 rackets × $14/racket = $49,000
Now, we add the total variable cost to the fixed cost to get the total cost of production.
Total cost = Total fixed cost + Total variable cost = $78,490 (fixed) + $49,000 (variable) = $127,490
Therefore, the expense of producing 3,500 rackets is $127,490.
Maria, the vice president of sales for an international organization, believes that employees in her foreign offices understand best how to handle the personnel and practices in their offices. so when the corporate hr manager approached maria about reprimanding robert, a native parisian who is the paris office manager, for not doing things according to corporate policy, maria backed robert and said, "i believe that the home office should leave robert alone because he best understands the local culture." maria is a(n) ___ manager.
Maria is a polycentric manager.
A polycentric refers to an approach used by companies to recruit internationally. It is an international recruitment technique in which the Human resource hires personal for international businesses.
Further ExplanationIn a polycentric method, the indigenes or citizens of the host company are employed to some key positions such as managerial positions to control the day to day activities of the branch company.
The main reason why most international companies use this method is that they recognized the fact that the nationals of the host company have a clear understanding of the community and its culture and therefore, believed the locals can efficiently carry out the businesses of the subsidiary company.
The advantages of a polycentric approach include
The chances that the company would prosper is very high mainly because it is managed by the national of the host company It boosts the confidence of the local staff The recruiting of local employees is less expensive It promotes productivityThe Disadvantages of a polycentric approach include
It is difficult to manage the subsidiary It could be lead to a lack of effective communication between the parent company and the host due to the language barrier Thus, Maria is a polycentric manager.LEARN MORE:
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The first cash flow at the end of week 1 is $100, the second cashflow at the end of month 2 is $100, & the third cashflow at the end of year 3 is $100. this cash flow pattern is
Which of these is the largest difference between developed and developing countries?
Answer: the level of wealth
Explanation:
Apex answer
Partial performance cannot override the statute's requirement for a written agreement.
a. True
b. False
The answer is true. It is because the actions of both groups or individuals has showed agreement in which they don’t need to write it or provide any written agreement even if needed because they have proven both of their existence.
When you purchase an existing business why is it important to know the owners reason for selling ?
Knowing a business owner’s reasons for selling is essential, as it provides insights into the business's current and potential situation. It may indicate potential growth or possible risks. Understanding these reasons is part of a buyer’s due diligence in assessing the transaction's value.
Explanation:Understanding the owner's reason for selling a business is crucial, as it may illuminate invaluable insights about the business's current situation and potential future. If an owner is selling due to retirement or a career change, it may indicate a stable business with potential for growth. However, if dissatisfaction, declining profits, or other negative factors are driving the sale, these could be red flags. Depending on the circumstances, potential buyers may need to consider restructuring costs, future revenues, and possible reputation damage when assessing the transaction's value.
Companies often aim to cultivate repeat customers and garner recommendations, and thus, a firm's reputation becomes vital. For instance, grocery stores with a strong reputation can charge higher prices than temporary stands at farmer's markets, signaling consumers' trust in their quality and continuity. In contrast, businesses suffering significant reputational damage may face lower customer trust, which could be a key reason for selling.
Finally, as businesses mature and become profitable, personal knowledge of the managers and their business plans becomes less important. However, when buying an existing business, the buyer should ensure that they can continue or improve the company's success without personally knowing the previous owners. Thus, understanding the reasons behind the sale remains a vital component of due diligence.
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What is the main type of health care system does the united states currently have?
You heard that rating agencies have upgraded a bond's rating. the yield on the bond is likely to
Anything entered as a service charge or as interest earned during a bank reconciliation will be entered automatically when the reconciliation is complete.
a. True
b. False
When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amount of the debt should be?
Bakeries and coffee bistros that offer pumpkin-flavored items only during the autumn season target their consumers primarily through __________ segmentation.
Bakeries and coffee bistros use seasonal segmentation to target their consumers with pumpkin-flavored items during the autumn season.
Explanation:In this case, the segmentation strategy being used is seasonal segmentation. Bakeries and coffee bistros target their consumers by offering pumpkin-flavored items only during the autumn season. By doing so, they are catering to the specific preferences and desires of their customers during a particular time of year.
This strategy is effective because it creates a sense of exclusivity and anticipation for the pumpkin-flavored items, as they are only available for a limited time. It also taps into the seasonal cravings and associations that people have with pumpkin during autumn.
To further attract their target consumers, these businesses may use marketing tactics such as limited-time promotions, seasonal branding, and engaging social media campaigns that highlight the availability of their pumpkin-flavored items.
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Suppliers, customers, employees, products and services, and ________ are the five basic components with which businesses must deal.
In each of the three pathways for potential nurses to take, each requires some level of clinical experience. True False
As she runs a race, aggie's heart starts beating faster to help her body keep up with its increasing need for oxygen. aggie can largely thank her ________ for this change.
The part of her body that Aggie should be thankful of in producing the change in scenarios like that is the hindbrain of which is composed of the medulla, pons and cerebellum which is located in the lower brainstem. This is responsible with categorizing the CNS portions for its development and the roles it produces.
Who is ultimately responsible for making compensation policy decisions?
a. labor unions
b. top management
c. hr specialists
d. supervisors
e. employees?
Roughly 40 to 45 percent of the u.s. population falls within the
Answer:
middle class
Roughly 40 to 45 percent of the U.S. population falls within the middle class. How might working class people also be described? Working class people might also be described as lower-middle class.
When the unemployment rate is very low, most of the unemployment tends to be:?
What steps have u.s. firms taken to regain a competitive edge in the global marketplace? explain?
U.S. firms have taken steps such as increasing innovation, investing in technology, and expanding their global presence to regain a competitive edge in the global marketplace.
Explanation:U.S. firms have taken several steps to regain a competitive edge in the global marketplace. One major strategy is to increase innovation and research and development efforts in order to create new and improved products and services that can stand out from the competition. They are also investing in advanced technology and automation to increase productivity and reduce costs. Additionally, firms are expanding their global presence by entering new markets and forming strategic partnerships with local companies.
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The _______ test asks the question: is the industry profitable or capable of being profitable?
According to the text book, if hurricane conditions are expected within 24 hours, which type of public advisory is posted?
A hurricane warning is posted when hurricane conditions are expected within 24 hours, signaling that preparations to protect life and property should be completed.
When hurricane conditions are expected within 24 hours, the specified public advisory that is posted is a warning. A warning system is established to alert the public about natural disasters. Watches are issued when the conditions are right for the event, but a warning, according to the National Weather Service, is issued when an event is imminent or has been confirmed. In the context of hurricanes, a warning indicates that hurricane conditions (winds of 74 miles per hour or higher) are expected somewhere within the specified area. Preparations to protect life and property should be rushed to completion when a warning is posted.
What are two jobs that ms. haddix did before she published her first book?
The supreme court struck down an affirmative action program designed to award 10 percent of government contracts to minority firms on the basis that