The citizens of Kings Landing enjoyed both honey cakes and lemon cakes and each kind of cake had many bakeries that specialized in each. Unfortunately for the lemon cake makers, an early freeze in Dorne damaged the lemon crop, driving the price of lemons up and increasing the cost of lemon cakes from 8 pennies a cake to 10 pennies a cake. The bad news for lemon cake bakers was good news for honey cake bakers. The honey cake bakers saw sales from honey cakes increase from 1000 a day to 1200 a day and the price of a honey cake increase from 6 pennies to 8 pennies. Compute the cross price elasticity of honey cakes and the price of lemon cakes from the information you have available
Your calculated cross price elasticity includes both the impact of the increase in lemon cake prices and the impact of the increase in honey cake prices. Is your calculated cross price elasticity too high or too low?
What additional information would you need in order to correct your estimate of the cross price elasticity for honey cakes?

Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods

At a student café, there are equal numbers of two types of customers with the following values. the café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i. e., she cannot price-discriminate). students with early classes students without early classes coffee 70 60 banana 51 101 the marginal cost of coffee is 10 and the marginal cost of a banana is 40. the café owner is considering three pricing strategies: 1. mixed bundling: price bundle of coffee and a banana for 161, or just a coffee for 70. 2. price separately: offer coffee at 60, price a banana at 101. 3. bundle only: coffee and a banana for 121. do not offer goods separately. assume that if the price of an item or bundle is no more than exactly equal to a student's willingness to pay, then the student will purchase the item or bundle. for simplicity, assume there is just one student with an early class, and one student without an early class. price strategy revenue from pricing strategy cost from pricing strategy profit from pricing strategy 1. mixed bundling $ $ $ 2. price separately $ $ $ 3. bundle only $ $ $ pricing strategy yields the highest profit for the café owner.