2. Good A has a cross elasticity of 0.75. Is this a substitute or a complement? 3. Good B has an income elasticity of 2.4. What type of good is this based on income elasticity? 4. If the price of chicken rises by 15% and the sales of turkey breasts expand by 10%, what is the cross elasticity of demand for these two products? Are they complements or substitutes? 5. Based on the following reported income elasticities, identify the goods as normal, luxury, or inferior goods. a b. 0.4 c. -3 d. 0.8 e. 3.6

Amanda works as an industrial designer

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i. e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?

Dakota company experienced the following events during 2016. 1. acquired $30,000 cash from the issue of common stock. 2. paid $12,000 cash to purchase land. 3. borrowed $10,000 cash. 4. provided services for $20,000 cash. 5. paid $1,000 cash for utilities expense. 6. paid $15,000 cash for other operating expenses. 7. paid a $2,000 cash dividend to the stockholders. 8. determined that the market value of the land purchased in event 2 is now $12,700