Last Month,sellers of Good Y Took in $100 in Total

question 244

Multiple Choice

Last month,sellers of good Y took in $100 in total revenue on sales of 50 units of good Y.This month sellers of good Y raised their price and took in $120 in total revenue on sales of 40 units of good Y.At the same time,the price of good X stayed the same,but sales of good X increased from 20 units to 40 units.We can conclude that goods X and Y are

• A)substitutes,and have a cross-price elasticity of 0.60.
• B)complements,and have a cross-price elasticity of -0.60.
• C)substitutes,and have a cross-price elasticity of 1.67.
• D)complements,and have a cross-price elasticity of -1.67.

Comprehend the complexity of empowerment in different organizational structures, such as dyads and teams.

Appreciate the ongoing advancements in leadership theory and research.

Acknowledge the responsibilities of top executives and other leaders in the implementation of human resource programs and systems.

Determine the traits and skills relevant for relations-oriented leadership.

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Definitions:

Collaboration

Working jointly with others, especially in an intellectual endeavor, to achieve a common goal through the sharing of knowledge, learning, and building consensus.

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Poor Performance

Refers to a situation where an individual or group fails to meet established standards or objectives.

Satisfaction

The feeling of fulfillment or pleasure that arises from achieving one's goals or having one's needs or expectations met.