9. a 10 percent increase in income brings about a 15 percent decrease in the demand for instant soup. what is the income elasticity of demand for instant soup? 10. given your previous answer, is instant soup a normal good or an inferior good? 11. calculate the cross-price elasticity of demand for products coffee and tea with the following information: when the price of coffee is $1.40, the quantity sold of tea is 80 cups; when the price of coffee is raised to $1.80, then 120 cups of tea are sold. 12. assume the quantity demanded of strawberry jam fell by 2% when the price of peanut butter rose 10%. calculate the cross-price elasticity of demand between tea and coffee. 13. given your previous answer, are strawberry jam and peanut butter complements or substitutes? 14. a 10 percent increase in the price of cheeseburgers at a local lunch shop would cause a 5 percent drop in total revenue from cheeseburgers and a 10 percent

1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84

Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options

jackie's snacks sells fudge, caramels, and popcorn. it sold 12,000 units last year. popcorn outsold fudge by a margin of 2 to 1. sales of caramels were the same as sales of popcorn. fixed costs for jackie's snacks are $14,000. additional information follows: product unit sales prices unit variable cost fudge $5.00 $4.00 caramels $8.00 $5.00 popcorn $6.00 $4.50 the breakeven sales volume in units for jackie's snacks is