Last month, sellers of good y took in $100 in total revenue on sales of 50 units of good y. this month sellers of good y raised their price and took in $120 in total revenue on sales of 40 units of good y. at the same time, the price of good x stayed the same, but sales of good x increased from 20 units to 40 units. we can conclude that goods x and y area. they are substitutes, and have a cross-price elasticity of 0.60. b. they are complements, and have a cross-price elasticity of 0.60. c. they are substitutes, and have a cross-price clasticity of 1.67. d. they are complements, and have a cross-price elasticity of 1.67.
Answers: 2
Business, 21.06.2019 19:10, ebonsell4910
King fisher aviation is evaluating an investment project with the following case flows: $6,000 $5,500 $7,000 $8,000 discount rate 14 percent what is the discounted payback period for these cash flows if the initial cost is 15,000? what if the initial cost is $12,000? what if the cost is $16,000?
Answers: 1
Business, 21.06.2019 19:10, xojade
Maldonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . suppose that maldonia and lamponia specialize in the production of the goods in which each has a comparative advantage. after specialization, the two countries can produce a total of million pounds of lemons and million pounds of coffee.
Answers: 3
Business, 21.06.2019 19:30, ceceshelby51631
What would be the input, conversion and output of developing a new soft drink
Answers: 3
Last month, sellers of good y took in $100 in total revenue on sales of 50 units of good y. this mon...
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