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Darya [45]
1 year ago
15

suppose that when the price of hamburgers​ decreases, the ruiz family increases their purchases of ketchup. to the ruiz​ family,

Business
1 answer:
Margaret [11]1 year ago
4 0

Suppose that when the price of hamburgers​ decreases, the ruiz family increases their purchases of ketchup. to the ruiz​ family: hamburgers and ketchup are complements.

<h3>What is complementary goods ?</h3>

Complementary goods can be defined as those goods or product that complement each others because they add value to each others or goods that are combine or use together by consumer or end user.

Hamburgers and ketchup are complementary goods based on the fact that the demand for ketchup increases when the price of hamburgers​ decreases.

Therefore suppose that when the price of hamburgers​ decreases, the ruiz family increases their purchases of ketchup. to the ruiz​ family: hamburgers and ketchup are complements.

Learn more about Complementary goods here:

brainly.com/question/4451139

brainly.com/question/8738100

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Within the relevant range of activity ______. variable costs do not change in total, only per unit fixed costs remain constant i
Vlad1618 [11]

Answer:

False

Explanation:

Within the relevant range of activities, total fixed costs remain constant and fixed costs per unit decrease as total output increases. Total variable costs vary depending on total output, but variable costs per unit should remain constant.

On a long term basis, all costs are variable, that is why it is important to consider the range of activities, i.e. output levels.

6 0
3 years ago
Prestwich Corporation has two service departments and two operating departments. Costs of the Building and Grounds service depar
shepuryov [24]

Answer:

$20,880

Explanation:

Under the direct method we ignore services that are provided to the other service departments.

In order to allocate the building operation costs to Operating department A, we need to determine what percentage of the building space taken up by Operating departments is used by Operation Department A.

There is a total of 50000 square feet and Operating Department A occupies 60%(30000/50000 of that.

So Operating Department A will get 60% of the building costs

  i.e., 60% × 34800 = 20,880

7 0
3 years ago
If a borrower can afford to make monthly principal and interest payments of 1000 and the lender will make a 30 year loan at 5 1/
Alexus [3.1K]

Answer:

The the largest loan this buyer can afford is 14,533.75.

Explanation:

This can be determined using the formula for calculating the present value of an ordinary annuity as follows:

Step 1: Calculations of the present value or the loan the buyer can afford for a 30 year loan at 5 1/2%

PV30 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV30 = Present value or the loan the buyer can afford for a 30 year loan at 5 1/2% =?

P = monthly payment = 1000

r = interest rate = 5 1/2% = 5.50% = 0.055

n = number of years = 30

Substitute the values into equation (1) to have:

PV30 = 1000 * ((1 - (1 / (1 + 0.055))^30) / 0.055)

PV30 = 1000 * 14.5337451711221

PV30 = 14,533.75

Step 2: Calculation of the present value or the loan the buyer can afford for a 20 year loan at 4 1/2%

PV20 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (2)

Where;

PV30 = Present value or the loan the buyer can afford for a 20 year loan at 4 1/2% =?

P = monthly payment = 1000

r = interest rate = 4 1/2% = 4.50% = 0.045

n = number of years = 20

Substitute the values into equation (1) to have:

PV20 = 1000 * ((1 - (1 / (1 + 0.045))^20) / 0.045)

PV20 = 1000 * 13.0079364514537

PV20 = 13,007.94

Conclusion

Since 14,533.75 which is the present value or the loan the buyer can afford for a 30 year loan at 5 1/2% is greater than the 13,007.94 which is the present value or the loan the buyer can afford for a 20 year loan at 4 1/2%, it therefore implies that the the largest loan this buyer can afford is 14,533.75.

5 0
2 years ago
Young children are permitted to work in the manufacturing of soccer balls in Pakistan, but this would not be legal in the United
e-lub [12.9K]

Answer:

no jodas

Explanation:

6 0
3 years ago
Fixed cost per unit is inversely proportional to the volume of units produced.
Levart [38]
True. Fixed cost per unit is inversely proportional to the volume of units produced.

Fixed costs per unit are inversely proportional to the volume produced because depending on the amount of units made, the amount spent on fixed costs is then based. Because they are related to one another, this statement is true.  
5 0
3 years ago
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