All categories

2 years ago

Milk and cereal are an example of complementary goods. Which definition best describes this relationship?

1 answer:

8 0

The definition that best describes the relationship is goods related in such a way that an increase in price of one leads to a decrease in the demand for the other.

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

Complementary goods are goods that are used or consumed together. Examples of complementary goods are pen and a notebook, car and gas.

When the price of a good increases, the demand for the complementary good declines. When the price of a good decreases, the demand for the complementary good increases.

When the price of cereal increases, the quantity demanded of cereal declines and so there would less demand for milk. Thus, the demand for milk declines.

Please find attached the complete question. To learn more about complementary goods, please check: brainly.com/question/14665758

#SPJ1

You might be interested in

Suppose that an industry is characterized as follows: C  100  2q2 each firm’s total cost function MC  4q firm’s marginal cost

hjlf

Answer:

Explanation:

find the attached solution below

5 0

3 years ago

Which financial leverage ratio is used with two other ratios to mathematically produce the return on equity ratio?

ipn [44]

Answer: c. Total Assets/ Equity

Explanation:

To measure the Return on Equity with 3 ratios, the <em>DuPont Analysis</em> can be used. This is a technique of deconstructing the Return on Equity ratio into various constituent ratios so that their effect on Return on Equity is better know.

The basic DuPont Analysis is;

Return on Equity = $\frac{Net Income}{Revenue} * \frac{Sales}{Total Assets} * \frac{Total Assets}{Equity}$

Total Assets/ Equity or the Assets to Shareholder Equity ratio is the answer.

5 0

3 years ago

Consider two communities. In Mill Town, two families earn $10000 each, six families earn $75,000 each, and two earn $80,000 each

Nezavi [6.7K]

Answer:

a. The income inequality ratio in Mill Town is 14.06%.

b. The income inequality ratio in Pasture Town is 11.77%

c. Mill Town therefore has the more unequal distribution of income

Explanation:

Note: Kindly see the attached file for the calculation of the standard deviation and the mean.

The income equality can be determined using the Coefficient of variation (CV) for stated as follows:

IE = SD ÷ Mean ........................................... (1)

Where,

IE = Income inequality

SD = Standard deviation

In more equal societies, IE will be smaller.

We can therefore proceed as follows:

a. What is the income inequality ratio in Mill Town?

SD = 8,857

Mean = 63,000

IE = 8,857 ÷ 63,000 = 0.1406, or 14.06%

b. What is the income inequality ratio in Pasture Town?

SD = 8,353

Mean = 71,000

IE = 8,353 ÷ 71,000 = 0.1177, or 11.77%

c. Which community has the more unequal distribution of income?

Since the 14.06% income inequality ratio of Mill Town is higher than 11.77% income inequality of Pasture Town, Mill Town therefore has the more unequal distribution of income.

Download xlsx

4 0

3 years ago

An approach to the SDLC that plans the project in advance and then progresses according to the plan is called what

makvit [3.9K]

Answer:

source-

One of the most common predictive models is the waterfall model. It assumes various phases in the SDLC that can occur sequentially, which implies that one phase leads into the next phase. In simple words, in waterfall model, all the phases take place one at a time and do not overlap one another.

in your own words-

One of the foremost common prognostic models is that the falls model. It assumes varied phases within the SDLC which will occur consecutive, which suggests that one section leads into following section. In straightforward words, in falls model, all the phases occur one at a time and don't overlap each other.

Explanation:

source is where i got the imformation and the in your own words is it fully rewritten, sorry its a bit lengthy and hope this helps have a god day/night/noon! :)

7 0

2 years ago

In your own words define ecology and discuss how it relates to child development

tatuchka [14]

Ecology is a systematic relationship of all living things with each other and their interaction with the environment that they live in. All living things in the world are connected with each other in terms of energy. So, it affects child development in ways of eating food from plants and animals. Moreover, the child could be molded by social interactions within the community.

5 0

3 years ago