If the Price of Good X Is $100 and the Price

question 87

Multiple Choice

If the price of good X is $100 and the price of good Y is $40,it follows that the relative price of one unit of good Y is ___________ unit(s) of good X.

• A) 0.40
• B) 0.20
• C) 2.50
• D) 4.00
• E) There is not enough information to answer the question.

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Definitions:

Risks

Potential events or conditions that could have a negative impact on objectives, operations, or outcomes, requiring management and mitigation strategies.

Budgets

Detailed forecasts of income and expenditure for a set period of time, outlining financial plans and goals.

Weaknesses

Internal limitations or flaws that adversely affect an organization's performance and ability to achieve its objectives.

ROMI Coefficients

Ratios used to measure the return on marketing investment, indicating the efficiency of marketing spending in generating revenue.