Using the mid-point formula, the cross-price elasticity is __________ and the goods are __________.
Answers
Using the mid-point formula, the cross-price elasticity is equal to zero and the goods are unrelated or independent.
The mid-point formula measures the price elasticity of demand between two price points. Cross-price elasticity of demand measures the responsiveness of quantity demanded for one good to the change in the price of another good.
Using the mid-point formula, the cross-price elasticity is a unitless number and the goods are substitutes or complements.
The mid-point formula for cross-price elasticity is given by:$$\frac{\frac{Q_{2}-Q_{1}}{\frac{Q_{1}+Q_{2}}{2}}}{\frac{P_{2}-P_{1}}{\frac{P_{1}+P_{2}}{2}}}$$Here, Q1 and Q2 are the initial and final quantities demanded, respectively, while P1 and P2 are the initial and final prices of one good.
If the cross-price elasticity is greater than zero, then the two goods are substitutes, while if it is less than zero, then the two goods are complements. If the cross-price elasticity is equal to zero, then the two goods are unrelated or independent.
In conclusion, the cross-price elasticity of demand using the mid-point formula is a unitless number, and the goods are substitutes or complements.
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Related Questions
Which of the following data is used to determine credit scores?
Answers
Answer: the length of stay at your current residence
Explanation:
It shows the stability of your household and that your responsible
When jobs returned to apple in 1997, he reduced apple’s offering to how many products?.
Answers
Jobs cut all of the desktop models—there were fifteen—back to at least one. He cut all transportable and hand-held models back to at least one laptop computer.
He fully cut out all the printers and alternative peripherals. When Steve Jobs returned to Apple in 1997, his 1st action was reducing quite the ninetieth of Apple products. Moving forward, Jobs' strategy was to provide solely four products: one desktop and one transportable device aimed toward each customer and professional.
Jobs quickly cast employee alliances with Apple's erstwhile foe, Amelio's Mac-clone agreements, and simplified the company's line.
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Hemley Corporation has estimated its ROE at 18%, and it will maintain a payout ratio of 45%. EPS1 is estimated to be $2.65 in the coming year. Investors require a 13% rate of return. At what price and P/E ratio would you expect the firm to sell
Answers
We would expect the firm to sell at a price of $87.27 per share with a P/E ratio of 32.90.
To calculate the price and P/E ratio, we can use the Gordon growth model, which is:
P = (D1 / (r - g))
where P is the price, D1 is the dividend for the next year, r is the required rate of return, and g is the growth rate.
First, we need to calculate the dividend for the next year, which is equal to the earnings per share (EPS) multiplied by the payout ratio:
D1 = EPS1 x payout ratio = $2.65 x 0.45 = $1.1925
Next, we need to calculate the growth rate using the retention ratio:
g = ROE x retention ratio = 0.18 x (1 - payout ratio) = 0.099
Now we can plug in the values and solve for the price:
P = ($1.1925 / (0.13 - 0.099)) = $87.27
To calculate the P/E ratio, we can use the formula:
P/E = P / EPS1
P/E = $87.27 / $2.65 = 32.90\
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The three services marketing are: internal, external and interactive.
a. true
b. false
Answers
It is a true statement that the three services marketing are: internal, external and interactive.
What is a services marketing?Basically, a marketing refers refers those activities a company undertakes to promote the buying or selling of a product or service. It includes the use of advertising, selling, and delivering products to consumers or other businesses; but some marketing are done by affiliates on behalf of a company.
However, the Services marketing refers to the form of marketing businesses that provide a service to their customers use to increase brand awareness and sales; it is categorized into an internal, external and interactive marketing.
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Propose solutions to improve their
strategy:
Where would you add more resources, and
investment?
What types of initiatives would add a lot to their
strategy?
Why did you choose those? What would
Answers
As the world of business evolves, organizations are forced to adapt to new methods and strategies. These new strategies could be based on technological advancements, an increase in competition, a shift in consumer needs and preferences, or a myriad of other reasons.
When a company realizes that their current strategy is not working, they have to make changes to ensure that they stay competitive. In this case, we shall consider some of the initiatives that would add a lot to the company’s strategy as well as where more resources and investment should be directed.
One of the first initiatives that would be important is to increase investment in research and development. This would involve putting more resources towards gathering information about the market, identifying consumer preferences and coming up with new innovative products. By doing so, the company will be in a position to provide products that are unique and more appealing to consumers.
Another important initiative would be to increase investment in marketing and advertising. This would involve putting more resources towards creating campaigns that are effective in reaching out to consumers. This would involve the use of social media platforms, television, billboards, and other advertising channels. This would help the company to create awareness about their products and services, thus increasing their visibility and sales.
Furthermore, investing more resources in employee training and development would help improve the company’s strategy. This would involve developing programs that would help employees improve their skills and knowledge. By doing so, employees would be in a position to provide better services to customers, thus improving customer satisfaction.
Finally, the company can consider investing in new technology. This would involve purchasing new software and hardware that can improve the company’s operations. For example, the company can consider investing in customer relationship management software, which would help them manage their interactions with customers better.
In conclusion, investing in research and development, marketing and advertising, employee training and development, and new technology can add a lot to the company’s strategy. These initiatives would improve the company’s operations, thus increasing its competitiveness in the market.
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Which of the following are exempt from licensure, as long as they meet the exemption
requirements?
Public and non-public schools
Child care facilities
Membership organization programs
Summer day and 24-hour camps
Large family child care homes
Vacation Bible School programs
Hotels and resorts
Answers
Answer:
Child Care Facilities
Large Family Child Care Homes
Public and non-public schools
Summer day and 24-hour camps
Vacation Bible School Programs.
Explanation:
A facility that is exempted from licensing is the one that is not licenses, but is still to maintaining certain requirements held under respective authorities. They need to meet certain requirements in order to operate effectively.
There are several programs that are exempted from licensing. From the given list, they are:
Public and non-public schoolsChild Care FacilitiesSummer day and 24-hour campsLarge Family Child Care homesVacation Bible School Programs.These programs are exempted from having a license but are under the obligation to meet certain requirements to run efficiently.
Sheridan Company has 29000 units in beginning finished goods. If sales are expected to be 60000 units for the year and Sheridan desires an ending finished goods of 33000 units, how many units must the company produce? 56000 60000 64000 O 93000
Answers
The company must produce 64,000 units to meet the sales target and maintain the desired ending finished goods inventory. The correct answer is 64,000. (Opton C)
How is this so?To determine the number of units the company must produce, we need to calculate the net increase in finished goods inventory.
Beginning finished goods - 29,000 units
Ending finished goods target - 33,000 units
Sales: 60,000 units
Net Increase = Ending finished goods target - Beginning finished goods + Sales
= 33,000 - 29,000 + 60,000
= 4,000 + 60,000
= 64,000 units
Thus, it is correct to state that, the company must produce 64,000 units to meet the sales target and maintain the desired ending finished goods inventory. The correct answer is 64,000.
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QUESTION 6/10
Revenue is:
1-1
A. The amount of money a company pays its employees.
C. The amount of taxes a company has to pay.
B. The amount of money a company makes from sales.
D. The amount of money a company has left over after paying
Bills
Answers
1. When would a corporation make sense for a business, such as a construction company?
Answers
Answer:
when they can make profits
Explanation:
A corporation simply refers to a company that can be for-profit or non-profit that is authorized and recognized to act as a separate entity in law.
Thus, for a corporation to be categorized or make sense as a business it needs to fulfill the main objective of a business, which is profit-making. By so doing, the construction company would make sense for a business.
how hpw contributes to employee engagement and competitive advantage
Answers
As previously mentioned, HPWS is a set of independent but interrelated human resource practices, such as selection, training and development, and compensation.
The latter behavior in particular can turn employee engagement into a competitive advantage. In addition, the implementation of HPWS creates an atmosphere of organizational innovation by managing and controlling employee attitudes and behaviors, thereby increasing organizational engagement and improving the level of innovation.
The implementation of HPWS represents an investment in and incentives for employees, thereby motivating them to exhibit work-related attitudes and behaviors that the organization values. Therefore, HPWS implemented by an organization suggests increasing employee involvement in their work. In addition, HPWS can also promote employee self-motivation by meeting employee autonomy needs. HPWS promotions, results-based evaluations, permanent compensation, and flexible work assignments can improve employee autonomy and perceptions of influence in the workplace.
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Describe the population distribution in Guyana
Answers
More than 70 percent of Guyana's coastal population is rural, living on plantations or in villages strung along the coastal road. The villages range in size from several hundred to several thousand inhabitants. The layout of the villages is dictated by the drainage and irrigation systems of the plantations, both active and abandoned. The villages are most heavily concentrated along the estuary of the Demerara River and the eastern environs of Georgetown, near the mouth of the Berbice River close to New Amsterdam, and along the extreme east coast near the Courantyne River.
The pattern of population distribution in Guyana is a product of nineteenth-century economic development, which was based on the cultivation of sugarcane. Because the swampy coast was fertile and sugar production was geared to export, the large sugar estates confined their operations to a narrow coastal strip. Most of the villages had ethnically diverse populations, but usually one ethnic group predominated. The urban population was predominantly African, but it would be misleading to suggest that all Afro-Guyanese were urban. Indeed, the majority of the Afro-Guyanese population was rural. A far greater majority of Indo-Guyanese, however, lived outside the cities. The interior of the country was left mainly to the Amerindians. Even the later exploitation of timber, bauxite, and manganese in the interior failed to effect any sizeable migration.
the profit mark-up is a percentage of the cost price which is added to the cost price in order to calculate the selling price.
true or false if false say why
Answers
Answer:
true
Explanation:
how do you the accounting equation
Answers
Answer:
1. Assets = Liabilities + Owner Equity.
2. Liabilities = Assets - Owner Equity.
3. Owner Equity = Assets - Liabilities.
Ryan invents a pen that digitally "remembers" what is written or drawn with it. To obtain a patent for the pen, Ryan does not have to show that it is a. novel.
b. marketable. c. useful. d. not obvious in light of current technology.
Answers
To obtain a patent for the pen that digitally "remembers" what is written or drawn with it, Ryan does not have to show that it is b. marketable. He must, however, prove that the pen is a. novel, c. useful, and d. not obvious in light of current technology.
In order for Ryan to obtain a patent for his digitally "remembering" pen, he does not necessarily need to prove that it is novel or marketable, but it must be useful and not obvious in light of current technology. To be considered useful, the pen must have a practical application or benefit to users. Additionally, the invention must not be obvious, meaning that it cannot be a simple or obvious improvement on existing technology. This requirement ensures that the patent protects truly innovative and unique inventions. So, as long as Ryan's pen meets these requirements, he should be able to obtain a patent for it.
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According to the video, which qualities do Lawyers need? Select all that apply.
x mechanical skills
x aggressiveness
intelligence
x physical fitness
determination
moral and ethical integrity
people skills
Answers
Answer:
C E F G
Explanation:
According to the video, The qualities Lawyers need, The first is intelligence, the second one was determination, moral and ethical integrity people skills.
What are skills?A skill is the acquired capacity to move with deliberate intent and good execution, frequently in a pre-determined window of time or energy or both. Domain-general and domain-specific skills are two common categories of skills.
As, The qualities the lawyer needs in the Curveballs will probably be thrown throughout a case session, and they must be able to understand them and react accordingly.
As, The important quality, the lawyer needs is zeal for one's work. Successful attorneys nearly usually have a genuine enthusiasm for what they do as a profession.
Therefore, The right option (C, E, F, G)) is correct.
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Produced goods used as inputs for the production of other goods comprise the resource known as:.
Answers
Capital.
Capital goods are those goods that are used for further production of other commodities. They are used in the future for purpose of productivity. These goods have derived demand and helped in raising the productive capacity of the business.
Answer:
make a good impression, always be on time, be respectful, be professional
Explanation:
A cost that contains both variable and fixed cost elements is a(n) ______ cost. Multiple choice question. opportunity semifixed sunk mixed
Answers
Based on the information given, it can be deduced that the cost that's described is D. mixed cost.
What is a mixed cost?It should be noted that a mixed cost simply means a cost that contains both a fixed cost component and a variable cost component.
In business, it is important to understand the mix of these elements of a cost in order for one to be able to predict how costs will change with different levels of activity.
In conclusion, the correct option is mixed cost.
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The following information relates to
Longman, Inc.'s
overhead costs for the month:
1(Click
the icon to view the information.)
Requirements
1.
Compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance.
2.
Explain why the variances are favorable or unfavorable.
Requirement 1. Compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance.
Begin by selecting the formulas needed to compute the variable overhead (VOH) and fixed overhead (FOH) variances, and then compute each variance amount.
(Actual cost - Standard cost) × Actual hours
=
VOH cost variance
(Actual hours - Standard hours allowed) × Standard cost
=
VOH efficiency variance
Actual overhead - Budgeted overhead
=
FOH cost variance
Budgeted overhead - Allocated overhead
=
FOH volume variance
=
=
=
=
Requirement 2. Explain why the variances are favorable or unfavorable.
The variable overhead cost variance is
(1)
because
Longman
actually spent
(2)
than budgeted.
The variable overhead efficiency variance is
(3)
because the actual hours used was
(4)
than budgeted.
The fixed overhead cost variance is
(5)
because
Longman
actually spent
(6)
than budgeted for fixed overhead.
The fixed overhead volume variance is
(7)
because
Longman
allocated
(8)
overhead to jobs than the budgeted fixed overhead amount.
1: Data Table
Static budget variable overhead
$7,500
Static budget fixed overhead
$3,000
Static budget direct labor hours
1,500 hours
Static budget number of units
7,500 units
Longman
allocates manufacturing overhead to production based on standard direct labor hours. Last month,
Longman
reported the following actual results: actual variable overhead,
$10,100;
actual fixed overhead,
$2,840;
actual production of
7,200
units at
0.25
direct labor hours per unit. The standard direct labor time is
0.2
direct labor hours per unit
(1,500
static direct labor hours /
7,500
static units).
(1)
unfavorable
favorable
(2)
less
more
(3)
unfavorable
favorable
(4)
less
more
(5)
favorable
unfavorable
(6)
less
more
(7)
unfavorable
favorable
(8)
less
more
Answers
Variable overhead cost variance:Actual variable overheads = $10,100 ($1.41 per direct labor hour)Static variable overheads = $7,500 ($1.50 per direct labor hour)Variable overhead cost variance = (Actual variable overheads - Static variable overheads) x Actual direct labor hours
The variance analysis of Longman, Inc. overhead costs has been calculated, and it has been observed that the variable overhead cost variance is $630 Favorable, while the variable overhead efficiency variance is $540 Favorable. The fixed overhead cost variance is $160 Favorable, and the fixed overhead volume variance is $300 Unfavorable. The variance analysis indicates that the actual costs of Longman, Inc. are relatively lower than the budgeted cost for variable overheads and fixed overheads, which leads to a favorable variance.
On the other hand, it shows that Longman, Inc. allocated more overhead to jobs than the budgeted fixed overhead amount, which leads to an unfavorable variance.
In conclusion, the favorable variable overhead cost and efficiency variances and the favorable fixed overhead cost variance should be appreciated by the company as it implies cost savings, but the unfavorable fixed overhead volume variance indicates that Longman, Inc. needs to reassess its overhead allocation plan.
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What is an example of a general safety hazard?
poorly maintained equipment
contaminated water
blizzard
employee retaliation
Answers
Answer:
poorly maintained equipment
Answer:
contaminated water
Explanation:
if the water doesnt get boiled it will make you sick, contaminated water can make you sick easily so its a safety hazard
A potential negative result of trade agreements is
Answers
agreements is JOB LOSS::
Cost Approach to Value
There are five basic steps to the cost approach:
1. Estimate the value of the site as if vacant.
2. Estimate the reproduction cost or replacement cost (new) of all the improvements (excluding any included as part of the site value).
3. Estimate accrued depreciation from all causes (physical deterioration, functional obsolescence, and external obsolescence).
Answers
The cost approach to value is one of the three main approaches used in real estate appraisal.
It is based on the principle of substitution, which states that a rational buyer will not pay more for a property than the cost of acquiring an equally desirable substitute property. The approach involves five basic steps, starting with estimating the value of the site as if vacant, followed by estimating the reproduction or replacement cost of all the improvements, and then estimating the accrued depreciation from all causes.
The final step involves subtracting the total accrued depreciation from the replacement cost to arrive at the property's value. The cost approach is particularly useful when valuing new or recently constructed properties that do not have a significant sales history.
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What role does IMF play in determining the value of exchange rates?
Answers
Answer:
Explanation: The International Monetary Fund (IMF) does not determine the value of exchange rates, but it does play a role in monitoring and influencing the exchange rate policies of its member countries.
The IMF's role in exchange rates is based on its mandate to promote international monetary cooperation, facilitate the balanced growth of international trade, and provide resources to member countries facing balance of payments difficulties.
The IMF provides a platform for member countries to discuss their exchange rate policies and monitor their compliance with the IMF's exchange rate obligations, which include avoiding manipulating exchange rates for unfair trade advantage and avoiding persistent exchange rate misalignments.
Through its regular surveillance of member countries' economic policies, the IMF provides recommendations on how to promote exchange rate stability and adjust imbalances, if necessary. This helps to maintain the stability of the international monetary system, which is essential for the growth of global trade and economic activity.
However, the IMF does not have the authority to dictate the actual value of exchange rates. The value of exchange rates is determined by market forces, such as supply and demand for a currency, economic conditions in a country, and interest rates.
Contest entries, website hits, and social media likes are examples of
non-promotional objectives.
digital objectives.
communications objectives.
non-sales behavioral objectives.
Answers
Contest entries, website hits, and social media likes are examples of digital objectives. Option 2.
What are Digital Objectives?
Digital objectives refer to the activities and operations that are carried out over the Internet through electronic media. Digital objectives have a wide range of objectives, including those that are promotional, behavioral, and communicational.
Objectives of Digital Marketing: To create a digital marketing strategy, businesses first have to define the primary objectives of their online presence.
The following are some of the key objectives of digital marketing:
1. Increase website traffic.
2. Create quality leads
3. Improve conversions
4. Increase sales
5. Build brand recognition and reputation
6 . Establish credibility and trust among consumers
7. Nurture loyal customers
8. Boost customer engagement and loyalty
9. Expand into new markets and demographics
10. Reduce the expenses of marketing and advertising
11. Strengthen the business’s digital footprint
12. Increase profitability and revenue
Hence, the right answer is option 2. Digital Objectives.
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Name three factors that determine a good’s or service’s elasticity.
Answers
Answer:
Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.
Explanation:
Answer:
(1) availability of substitutes(2) if the good is a luxury or a necessity, (3) the proportion of income spent on the good, and(4) how much time has elapsed since the time the price changed.What conditions would affect how much people would use your business?
The business is and Ice Cream Shop.
Answers
Answer:
restaurant
like pandemic all small restaurant is closed the business is bankcrap
These investors earn returns from receiving dividends and from stock price appreciation.
A. bondholders
B. stockholders
C. investment bankers
D. managers
Answers
One who holds at least one share of a company's capital stock is referred to as a stockholder, shareholder, or stockholder. The majority of the owners of a company are its stockholders, who often benefit from its success in the form of rising stock prices.
The correct answer is option B. Stockholders.
One who owns stock in a corporation is referred to as a stockholder. Shareholders own a portion of that business. If you own stock in the newest, greatest, most stable new start-up business, your shares are undoubtedly very valuable. People who own shares in a corporation, or who hold stocks, are said to be stockholders.
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The CDC for hospitals and healthcare facilities to improve
Answers
The CDC makes investments in infrastructure and healthcare systems to make them secure settings for patient care.
What are the Centers for Disease Control and Prevention?The Centers for Disease Control and Prevention (CDC) is a government organization that carries out and supports health promotion, prevention, and preparedness operations in the United States. The Department of Health and Human Services oversees the CDC, which was founded in 1946.
Access resources and advice to help healthcare facilities plan, function efficiently, and handle surges.
Thus, CDC helps in improving the plans and functions efficiently to handle surges.
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Conducting a search of the store is part of store closing duties. Why?
Answers
1. Everything is in place
If things are not in place in a store, things would be very messy when opening the store the next day. Conducting a search of the store to see if everything is in place also ensures that no merchandise was stolen, and if so, persecution would be followed through with accordingly.
2. There is nobody trespassing/lurking
Conducting a search of the store is part of store closing duties because it assures workers that nobody is lurking in the shadows or intruding without the attention of any employee. Trespassing is illegal in most places, and it is a severe felony in some places. Whenever a store attendant is unaware of somebody who is in the store without permission, countless things can happen that do not work in favor of benefitting the business. However, conducting a search of the store during closing time would eliminate this concern.
If you need any extra help, let me know and I will gladly assist you.
7. Which of the following do retailers use most often to determine how much their products will sell?
Answers
Retailers often use a variety of factors to determine how much their products will sell, including market research, sales data, and industry trends. However, one of the most common tools used by retailers is demand forecasting.
Demand forecasting involves using historical sales data and market trends to predict future demand for a particular product. Retailers can use this information to make informed decisions about how much inventory to order, how to price their products, and how to allocate resources to promote their products.
There are several different methods of demand forecasting, including statistical models, customer surveys, and expert opinions. Each method has its strengths and weaknesses, and retailers may use a combination of methods to get a more accurate picture of future demand.
Ultimately, retailers rely on demand forecasting to ensure that they have the right products in the right quantities at the right time. By accurately predicting future demand, they can avoid stock shortages and overstocking, optimize pricing strategies, and maximize profitability.
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moving money from a savings account to a checking account at the same financial institution is called a _____.
Answers
The correct answer is Transfer.
A economic institution (FI) is a enterprise engaged in the business of dealing with economic and monetary transactions such as deposits, loans, investments, and currency exchange.
What is financial institution and its types?There are three types of depository institutions: business banks, thrift institutions, and credit score unions. Insurance businesses, pension funds, brokerage firms, and finance firms are non-depository institutions.
Is financial institution a monetary institution?A bank is a financial institution that is licensed to receive checking and financial savings deposits and make loans. Banks additionally furnish associated offerings such as person retirement bills (IRAs), certificates of credit score (CDs), forex exchange, and safe savings boxes.
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