Use the Table Below to Answer the Following Questions

question 120

Multiple Choice

Use the table below to answer the following questions.
Windsurfing equipment rents for $10 per hour and snorkeling equipment rents for $5 per hour.
Table 8.2.1

-Consider Devon's total utility from snorkeling and windsurfing in Table 8.2.1. Suppose Devon's total income is $35. If the price of windsurfing rises to $20 per hour, what is Devon's cross elasticity of demand of snorkeling with respect to the price of windsurfing?

• A)1.0
• B)0.67
• C)1.5
• D)10
• E)1.33

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Definitions:

Certification Elections

Elections conducted to determine the labor union that will represent a group of employees in bargaining with their employer.

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Having official recognition or guaranteed conformance to specified standards, often through the completion of a testing or evaluation process.

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Documents signed by employees to indicate their wish to be represented by a union in dealings with their employer.

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A method used in labor relations where employees can form a union by signing cards stating they wish to be represented, bypassing a secret ballot election.