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1 year ago

A substitute is a good that is _ another good, and a complement is a good that is _ another good.

1 answer:

3 0

Similar products that a client may employ for the same purpose are substitute goods. If the product they prefer is offered, your customers might buy it, but they might also look at alternatives if the price, the product's availability, or its quality changes. The demand for an item is frequently affected by these changes as well.

Two or more products that can be created using the same resources are considered substitutes-in-production. Sellers are prevented from using resources to make another good when they produce one. Produce either the first or the second, but not both. Producing alternative crops like corn or soybeans is a common challenge for farmers.

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4 years ago

According to the information presented in this video, porter's five forces model is used to evaluate an organization's _____.

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The answer is industry's structure/ organization's position in the industry
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3 years ago

Infinity Corporation purchased equipment with a 10-year useful life and zero residual value for $10,000. At the end of the fifth

sesenic [268]

Answer:

a capital gain of $1,000.

Explanation:

Given,

The cost price of Equipment = $10,000

Useful life of the equipment = 10 years

Residual value = $0

Depreciation (Straight-line method) = Cost price/useful life

Depreciation (Straight-line method) = $10,000/10 = $1,000

Since, it is a straight line method, the depreciation will remain same each year. Therefore, at the end of the fifth year, the depreciation of equipment = $1,000 x 5 = $5,000

At the end of the fifth year,

The book value of the equipment= Equipment - Accumulate depreciation= $(10,000 - 5,000) = $5,000

If the company sales the equipment after the end of the fifth year,

there will be a capital gain.

Capital Gain of equipment = Sales price of equipment - book value of equipment

Capital Gain of equipment = $6,000 - 5,000 = $1,000. The journal entry will be -

Cash/Bank Debit $6,000

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4 years ago

Currency held outside banks is $200 billion, money market mutual funds (retail) are $10 billion, small-denomination time deposit

ratelena [41]

Answer:

M2 = $470 billion.

Explanation:

M2 = Currency + Money market mutual fund + Time deposits + Saving deposits

M2 = 200 billion + 10 billion + 40 billion + 220 billion

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M2 is a calculation of the money supply that includes all elements of M1 as well as "near money"

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3 years ago

The aggregate demand and aggregate supply model is a useful simplification of the macroeconomy used to explain short-run fluctua

Rasek [7]

Answer:

The correct answers are:

a) A. An economy's price level.

b) A. As the price level rises, firms expand their production because they can sell their output for more money.

Explanation:

On the one hand, in this type of economic model, the aggregate supply and demand represent the economy's price and quantity level regarding the output of the country as a whole. Therefore that in the vertical axis of the diagram the curves measures the price level of the economy and in the horizontal axis the curves measure the output that the economy produces at that given price.

On the other hand, the slope of the aggregate supply is upward because of the same reason as it is in the supply curve, because of the law of the supply, that states that there is a direct relationship between the price of the good an its quantity offered. Thefore that when the price level rises the firms will produce more because they can sell their production at a higher price.

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4 years ago

A substitute is a good that is _____ another good, and a complement is a good that is _____ another good.

A substitute is a good that is _ another good, and a complement is a good that is _ another good.