c. When the price of rice falls from $100 to $80, the quantity demanded of rice increases from 10 to 25, the quantity demanded of potatoes decreases from 20 to 15, and the quantity demanded of chicken increases from 18 to 35. Calculate the cross elasticity of demand for potatoes with respect to rice. 11. Calculate the cross elasticity of demand for chicken with respect to rice. Of what use are these two cross elasticities of demand to the owner of a 111. business that sells potatoes and chickern?

Q: When a Mexican company purchases a U.S.-made computer, the Mexican company pays for it with a. U.S.…

A: The US dollar has been used worldwide to facilitate trade.  Global trade has been conducted in the…

Q: Define the term disbursements?

A: Money: The term money refers to anything that can be used as a medium of exchange and it has a unit…

Q: Other than lenders, who else might use your credit score and why?

A: Credit decisions are made by lenders. Credit reporting agencies sell credit reports on their…

Q: What’s a debit?

A: The word debit is derived from an Italian word Debito. A debit is a record regarding money when…

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: Annuity (A/P, 9%,2) = 0.10 (A/F, 6%,15) = 0.06 (P/A, 4.5%,10) = Blank 3 (F/A, 2%,45) = Blank 4…

A: Introduction 1. (A/P, 9%, 2) =  I = P. r. t I/P = 0.09 × 2/12 I/P = 0.015 Now A/P = 0.015 + 0.09 A/P…

Q: The advantage of a loan is that: its transaction costs are low. it can be tailored to the needs of…

A: Loan: A loan is a sum of money borrowed from a lender with the agreement that it will be repaid,…

Q: How did you get the values 93 million and 51 million?

A: When a monopolist charges various prices to customers while still providing them the same product,…

Q: Calculate Savings rate when income is $22000 and the APS is 0.48

A: APS is the average propensity to save. It is the ratio of savings and income.

Q: How do you build housing in wealthy neighborhoods?

A: It's generally not feasible because of the value of the land. In wealthy areas, land is expensive…

Q: You opened a savings yesterday by depositing $10,000. You would like to be able to withdraw $2,000…

A: The amount that the lender charges the borrower over and beyond the principal amount is referred to…

Q: lla Stein paid $187.50 interest on a loan of $12,000 for 3 months. What was the rate of interest she…

A: Interest amount =$187.5 Loan amount =$12000 Time=3 months

Q: If your receive $500 in simple interest on a loan that you made for $10,000 for 5 years, what was…

A: here we calculate the interest rate charged which are as follow-

Q: What will be the Savings given that income is $3200 and APS is 0.48

A: The data presented in the question above is:- Income = $3200 Average propensity to save = 0.48…

Q: Luis and his best friend Faith want to spend as much time as possible at the local amusement park…

A: The objective of the question is to find out how much Faith will owe Luis after they buy season…

Q: Find the savings if the income is $8443 and the consumption is $4022

A: Here, given information is: Income: $8443 Consumption: $4022 To find: savings

Q: You borrow $800 from a family member and agree to pay it back in nir months. Because you are part of…

A: Simple interest is denoted as the procedure for solving the interest amount for a given principal…

Q: GIVE TWO EXAMPLES ON DEFERRED ANNUITY

A: In a market, deffered annuity refers to the amount of  moeny that an individual will gain in the…

Q: What are the characteristics and features of condominiums? Kindly explain.

A: Condominiums are often big buildings with several apartments. These modules have all been offered to…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 3.1%, t = 23 days

A: Simple interest is calculated as the product of principal , interest rate and time.  So,  I = P × r…

Q: Please use microsoft excel

A: Net Saving = Saving - Operating Expenses  Present Value = Future Value/(1+r)n where n is time period…

Q: I cannot understand anything written on this paper, would you please be able to type it?

A: This graph is actually showing the relationship between real exchange rate and nominal exchange rate…

Q: A financial institution (loan shark ) is willing to lend you $400. You pay $450 after one week. a)…

A: The effective interest rate will be including the compounding period into consideration while…

Q: A financial institution is willing to lend you $2,000. However, you must repay $2,008 at the end of…

A: An investment is a possession or thing bought with the intention of making money or appreciating in…

Q: You can afford a $900 per month mortgage payment. You've found a 30 year loan at 6.5% interest. a)…

A: Given  Monthly mortgage payment A = $900 Time t= 30 years  Rate of interest =6.5% compounded…

Q: Explain the content and purpose of a credit report?

A: A credit report is a detailed summary of a person's credit history and financial behavior. It…

Q: Automobile repair shops typically recom- mend that their customers change their oil and oil filter…

A: Total miles driven in a year = 52000 Filter change cost = $31

Q: How much money is in the account now

A: The formula for calculating the simple interest involves multiplying the principal (P) which is the…

Q: recommendation on how to influence Malaysians to use Islamic credit cards.

A: ISLAMIC INVESTMENT MARKETS: 1. ISLAMIC MONEY MARKET: The Islamic currency market was presented by…

Q: please answer letter h.  thanks!

A:

Q: Find the following for a $200,000 fixed-rate mortgage and the given information. a) Monthly mortgage…

A: A fixed-rate mortgage is a type of home loan where the interest rate remains unchanged throughout…

Q: Please write this at least 1500 word. Must write this in 1500 word please and also provide the…

A: The International Monetary Fund (IMF) is an independent international organization and a cooperative…

Q: Based on his vast experience doing laundry, he knows how long each load will take in both the washer…

A: In the above question, we are required to prepare a schedule chart based on the preference such that…

Q: James has been working as a Mechanical Engineer ever since he graduated five years ago. Two years…

A: A credit score is a numerical representation of an individual's creditworthiness, which is used by…

Q: Given the time value of money, is it ethical not to pay interest? How does the amount or duration of…

A: Considering the time value of money, it is unethical not to pay interest on loans as the lender is…