marketing student is estimating the average amount of money that students at a large university spent on sporting events last ye

Answer:

a) This policy would be advantageous if the demand for sterile needles has elastic characteristics and the cross-price elasticity of demand linking drugs and sterile needles is high and

b) This policy would be unfavorable if the demand for sterile needles is characterized as inelastic while the cross-price elasticity between drugs and needles is high and

Explanation:

a) Under what conditions is this policy viewed as beneficial?

This policy is advantageous when the demand for sterile needles is elastic and the corresponding cross-price elasticity with drugs shows a positive and high relationship.

The elastic demand for sterile needles indicates that the quantity demanded increases more significantly in response to price changes.

The positive cross-price elasticity suggests that as the price of needles decreases, the demand for drugs decreases, assuming they are substitutes. Therefore, as the price of sterile needles approaches zero, the

b) Under what conditions is this policy seen negatively?

This policy turns unfavorable when the demand for sterile needles is inelastic and the cross-price elasticity relating drugs to needles is high and

An inelastic demand for sterile needles suggests the quantity demanded does not increase much with price reductions.

Answer: For an explanation, please refer to the explanation section

Explanation:

recording a journal entry for Patel Products selling a delivery van priced at $20,000 with accumulated depreciation totaling $18,000, while receiving $2,000 cash from the buyer, results in:

December 29, 2019

Account title----- Cash----------Debit $2,000

Account title----Accumulated Depreciation-----Debit $18,000.

Account title------Delivery Van ----Credit $20,000

The equipment's book value at the sale was $2,000, reflecting its original cost of $20,000 adjusted by the accrued depreciation of $18,000. Since Patel received the same $2,000 from the sale of the delivery van, there is no profit from the disposal.

Answer:

D. Foreign Subsidiary

Explanation:

A Foreign Subsidiary is a firm that's either partially or fully owned by a larger corporation headquartered in a different nation. This indicates that the company did not organically establish development or begin operations in the nation where it operates. Establishing foreign subsidiaries is a key method for entering international markets, which entails significant risk and commitment compared to other methods listed in the question, due to considerations like costs and time for setting up a foreign subsidiary, compliance issues, tax obligations, immigration regulations, and securing office space and employee accommodations. These factors are less of a concern in joint ventures, strategic alliances, or franchising when seeking to enter international markets.

Answer:

To maximize utility, the consumption of product Y should be increased while reducing the intake of product X.

Explanation:

The utility-maximizing principle asserts that a consumer optimizes utility when the marginal utility per dollar spent is equal for both products.

For Product X, the marginal utility per dollar is:

= 2 utils per dollar

For Product Y, the marginal utility per dollar is:

= 8 utils per dollar

According to this principle, the consumer should increase the consumption of product Y and decrease that of product X.

Answer:

In one month, you owe $43.47.

Explanation:

Daily Interest for one month is calculated as follows: Balance × APR rate × [number of months / Total months in a year]

Daily Interest = $1800 × 28.99% × 1/12

= $1800 × 0.2899 × 0.0833

= $43.47