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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

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Winston Company’s high and low level of activity last year was 60,000 units produced in April and 20,000 units produced in Decem

sergejj [24]

Answer:

$36,000.

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High Machine maintenance costs - low Machine maintenance costs) ÷ (High activity level - low activity level)

= ($52,000 - $20,000) ÷ (60,000 units - 20,000 units)

= $32,000 ÷ 40,000 units

= $0.8

The variable cost equal to

= High activity level × per unit variable cost

= 60,000 units × 0.8

= $48,000

So, the fixed cost would be

= Total cost - variable cost

= $52,000 - $48,000

= $4,000

For 40,000 units, total maintenance cost would be

= Number of units × per unit variable cost + Fixed cost

= 40,000 units × $0.8 + $4,000

= $32,000 + $4,000

=$36,000

8 0

3 years ago

David owns a footwear chain. His stores attract many customers because they sell various footwear brands. Thus, David has entere

Sergeu [11.5K]

Answer:

B. trademark franchise

Explanation:

-Business format franchise is when the franchisee gets a business with the name and trademark of the franchisor and has to follow the guidelines established, for example, a restaurant's franchise.

-Trademark franchise is when the franchisee gets the permission to distribute the product but uses its business format.

-Manufacturing franchise involves the permission to produce a product to sell it to the customer or retailers.

-Management franchise requires that the owner supervises the operations but he/she doesn't have to be in the daily activities. The franchisee should be someone with management experience to handle the business successfully.

According to this, the answer is that the franchise model that David's business follow is trademark franchise because he gets the manufacturers permission to sell their products on his own footwear chain.

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3 years ago

Leopard Machinery is analyzing a proposed project. The company expects to sell 2,300 units, give or take 4 percent. The expected

GenaCL600 [577]

Answer:

$551,074

Explanation:

Sales revenue

Worst case

Budget sales = 2300 units

Estimated sales price = $750

Sales unit = (100%-4%*2300)

2208 units

Sales price = (100%-6%*750)= 705

Sales revenue =2208*705 =$1,656,000

b) Operating cash flow at worst case sales revenue

Variable cost - $260 *(100%-5%)

=$247

Total variable cost = $247* 2208= $545,376

Fixed cost = $589000*(100%-5%)

$559550

Operating cash flow = (1656000-545376-559550) =551,074

6 0

3 years ago

We would expect: a. the demand for Coca-Cola to be less price elastic than the demand for soft drinks in general. b. the demand

givi [52]

Answer: Option B

Explanation: In simple words, price elasticity refers to the degree of change that a commodity experiences due to change in its price.

In case of coca- cola, the price elasticity will be high as it has a close substitute available in the market named Pepsi. Therefore, if coca-coal increases its prices,its consumers would shift their demand to Pepsi.

Thus,from the above we can conclude that the correct option is B.

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4 years ago

What was the name given to the first computer (machine) language?

Alekssandra [29.7K]

Answer:A. ASCII

Explanation:APEX

7 0

3 years ago

Read 2 more answers