Answers
The cross price elasticity of demand measwas the responsive of demand to the charges in the prices of the other goods, indication how much more or less of a specific product is purchased as the price of the other product charges. a) we need to find out the by what percentage will the demand for coffee increase each year, given that the Income elasticity of demand for starbucks coffee is 1.25 and the income is expected to increase lopercent each year. the demand for the coffee tallll increase by, - porcentage change in quantity demanded = 10%* 1.25 is the demand both increase by 12.5% each year. = 12.5% The option 'B' is correct answer. b) ke have assumed the population of the city is constant and there are a starbucks shop in the ety, and each has gust enough customers to swinere.
.
Given the satuation and the 12.5% Increase in the demand for the starbucks coffee, it will advisable to open the fofth store after 2 years. Let the other u shops aufay the profitability for the present struation. the option À is correct Answer.
Similar Solved Questions
1 answer
The tragedy of the commons is an externality problem. Select one: O True O False
The tragedy of the commons is an externality problem. Select one: O True O False...
1 answer
Problem 3-6 The following are the trial balance and the other information related to Pearl Perez,...
Problem 3-6 The following are the trial balance and the other information related to Pearl Perez, a consulting engineer. PEARL PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2017 Debit Credit Cash $29,500 Accounts Receivable 57,000 Allowance for Doubtful Accounts...
1 answer
Choose ] Simple Cuboidal epithelium Plasma wall Plasma membrane Cell matrix Simple Squamous epithelium Nucleus Cytoplasm...
Choose ] Simple Cuboidal epithelium Plasma wall Plasma membrane Cell matrix Simple Squamous epithelium Nucleus Cytoplasm rved. Photo: Mark N Choose ] [Choose l...
1 answer
A physics class has 50 students. Of these, 17 students are physics majors and 18 students...
A physics class has 50 students. Of these, 17 students are physics majors and 18 students are female. Of the physics majors, six are female. Find the probability that a randomly selected student is female or a physics major The probability that a randomly selected student is female or a physics majo...
1 answer
A local rock collector claims that she found the first sample of pyroxene and sodium rich...
A local rock collector claims that she found the first sample of pyroxene and sodium rich A. feldspar in the same rock. As a respected geologist as you are, write a commentary about this claim. (6 pts.)...
1 answer
Problem 2.33 -Enhanced- with Hints Part A Att 4 s what is the particle's position? Express...
Problem 2.33 -Enhanced- with Hints Part A Att 4 s what is the particle's position? Express your answer to three significant figures and inchade the appropriate units. Hints bythe function z-(5t,1t + 1) m where t isins Value Units Part B Ast 4s what is the particle's velocity? Express your an...
1 answer
In a vacuum, two particles have charges of q1 and q2, where q1 = +4과4C. They...
in a vacuum, two particles have charges of q1 and q2, where q1 = +4과4C. They are separated by a distance of 0.25 m, and particle 1 an attractive force of 0.0000232 SHOW HINT Question Attempts: 2 of 3 used SAVE FOR LATER 4.24 n of...
1 answer
What are two values of #theta# that satisfy #costheta=.9205#?
What are two values of #theta# that satisfy #costheta=.9205#?...
1 answer
Number 15 how do i find the sample size? it is said the p-value is 0.275...
number 15 how do i find the sample size? it is said the p-value is 0.275 13.13 CHAPTER 13 EXERCISES 367 the Grape flavor was right on target for the last test with a variance of 2.30 grams based on a sample of size 16. The machine filling the Fruity flavor had a variance of 2.58 grams for a sampl...
1 answer
The values in X below are hours spent studying, and the values in Y are grades...
The values in X below are hours spent studying, and the values in Y are grades on a test. Find the Correlation Coefficient of two variables. X = {3.2, 3.0, 1.0, 2.5, 1.9, 1.6, 3.1, 3.5, 4.2, 3.0} Y = {90, 88, 57, 86, 79, 71, 84, 97, 90, 91} A. 0.706 B. 0.737 C. 0.803 D. 0.889 E. 0.982...
1 answer
Problems 1. (Subtotal: 21 points) A steady torque of 1500 Ibf in is transmitted by a...
Problems 1. (Subtotal: 21 points) A steady torque of 1500 Ibf in is transmitted by a machined shaft made of steel with an ultimate tensile strength of 100 kpsi. The transverse cross section at the location of a shoulder against which a gear sits is subjected to a bending moment which is a sinusoidal...
1 answer
A survey of 1,084 adults was asked, "Do you feel overloaded with too much information?" Suppose...
A survey of 1,084 adults was asked, "Do you feel overloaded with too much information?" Suppose that the results indicated that of 540 males, 240 answered yes. Of 544 females, 276 answered yes. Construct a contingency table to evaluate the probabilities. Complete parts (a) through (d). a. Wh...
1 answer
1. In 1911, Ernest Rutherford and his assistants Geiger and Marsden conducted an experiment in which...
1. In 1911, Ernest Rutherford and his assistants Geiger and Marsden conducted an experiment in which they scattered alpha particles (nuclei of helium atoms) from thin sheets of gold. An alpha particle, having charge +2e and mass 6.64 x 1027kg, is a product of certain radioactive decays. The results ...
1 answer
Problem 12 TOC PROBLEM GENERAL INFORMATION PRODUCT X S.P. = $3000 D= 100/WK PRODUCT Y S.P....
Problem 12 TOC PROBLEM GENERAL INFORMATION PRODUCT X S.P. = $3000 D= 100/WK PRODUCT Y S.P. = $2000 D= 200/WK Machine 1 ==> 1 Set-Up 240 minutes Machine 2 ==> 1 Set-Up 30 minutes ASSEMBLY 10 minutes/unit ASSEMBLY 5 minutes/unit Machine 3 ==> 1 Set-up 90 minutes MACHINE 3 22 minutes/unit MACH...
1 answer
The real risk-free rate, r*, is 1.5%. Inflation is expected to average 1.2% a year for...
The real risk-free rate, r*, is 1.5%. Inflation is expected to average 1.2% a year for the next 4 years, after which time inflation is expected to average 4.3% a year. Assume that there is no maturity risk premium. An 8-year corporate bond has a yield of 9.5%, which includes a liquidity premium of 0...
1 answer
In addition can you tell me what is the price, marginal cost, marginal revenue and profit....
in addition can you tell me what is the price, marginal cost, marginal revenue and profit. Price $20 MC $16 $14 $11 $6 MRD Quantity The graph above shows the demand (D), marginal cost (MC) and marginal revenue (MR) single-price monopolist. Calculate the markup. e not include a $ sign in your resp...