Suppose the manager of a store wants to know whether the product of the store across the street is a substitute for her product. In other words, she would need to know if the cross-price elasticity of demand for the products .
A)is positive
B)is negative
C)is unity
D)is zero
E)is infinite
Solved
Show answers
More tips
- H Health and Medicine How to Cure Adenoids?...
- H Health and Medicine Why Wearing a Back Brace Can Be Beneficial During Back Strain?...
- S Sport When and Where Will the 2014 World Cup be Held?...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
- C Computers and Internet How to Learn to Type Fast?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
Answers on questions: Business
- B Business Anewspaper reporter gets a secret report from a former intelligence officer that reveals that the central intelligence agency bungled a spy operation in another country...
- B Business On January 1, Year 1, Gallagher Corporation issued 400 comma 000 stock options for 400 comma 000 shares to a division manager. The options have an estimated fair value...
- B Business Larkin Company accumulated the following standard cost data concerning product I-Tal. Direct materials per unit: 2.52 pounds at $6.76 per pound Direct labor per unit: 6.02...
- B Business Halley Company has just received a special order for 1,000 deck chairs. Halley has sufficient idle capacity to accept the order. Indicate whether the given cost is a sunk...
- B Business The following transactions occurred during July: Received $960 cash for services provided to a customer during July. Received $3,200 cash investment from K. Peterson, the...
- B Business Searcy has accounts receivable of $700,000 and an allowance for doubtful accounts of $54,000. On January 24, 2020, it is learned that the company’s receivable from Hutley...
- A Arts Sagutin ang mga tanong sa ibaba sa iyong kwaderno 1.Sa anong isyu mo maaaring iugnay ang measaheng kalakip ng tula2.Ano-ano ang mga malalalim na kahulugan? Tukuyin ang...
- M Mathematics Sebuah segi empat tepat mempunyai ukuran panjang 55.5m dan lebar 31.5m. Berapakah bilangan minimum bulatan berdiameter 1.5m yang bolehmemenuhi permukaan segi empat tepat...
- M Mathematics Expand pls help me 4ab(3a+b+5c)...
- E English Read the excerpt, spoken by Robert to Edna, from The Awakening. “You have slept precisely one hundred years. I was left here to guard your slumbers; and for one hundred...
Ответ:
A) is positive.
Explanation:
A substitute product can be defined as a product that a consumer sees as an alternative to another product and as such would offer similar benefits or satisfaction to the consumer.
Suppose the manager of a store wants to know whether the product of the store across the street is a substitute for her product. In other words, she would need to know if the cross-price elasticity of demand for the products is positive.
A cross-price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to the change in price of a related product, all things being equal.
For substitute products (goods), the cross-price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
Ответ:
Part 1:
Part 2:
Explanation:
Part 1: (the book value per share of the preferred and common stock under No preferred dividends are in arrears)
Book value per share of the preferred :
In our case Cumulative dividends=0
Book value per share of the common stock:
In our case Cumulative dividends=0
Part 2:
Annual Preferred Dividend=4%*$25*10,000=$10,000
Three years of preferred dividends are in arrears= 3*Annual Preferred Dividend
Three years of preferred dividends are in arrears= 3*$10000=$30,000
Formula for the book value per share of the preferred is same as above,so we will direct calculate:
In our case Cumulative dividends=$30,000
Book value per share of the preferred :
Book value per share of the common stock:
Formula for the book value per share of the common stock is same as above,so we will direct calculate: