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MakcuM [25]
3 years ago
6

Tomas increased his consumption of potato chips when the price of pistachios increased. For Tomas, potato chips and pistachios a

re A. substitutes in consumption. B. both inferior goods. C. complements in consumption. D. both luxury goods.
Business
2 answers:
mixer [17]3 years ago
4 0

Answer: A. substitutes in consumption.

Explanation:

The substitutes in consumption are products that can be replaced by others and satisfy the same desires or the same need. They respond to the buyer's need to consume a product whose price increases or can no longer purchase it.

<em>For example,</em> in this case, Tomas can no longer acquire pistachios (which are a snack) because increased in price, therefore the potato chips are replacing the pistachio as a snack because it is cheaper.

<em>I hope this information can help you.</em>

MrRa [10]3 years ago
4 0

Answer: A. substitutes in consumption.

Explanation: Substitutes can be used in place of something else, with the same function. That is they achieve a similar result or purpose. Substitutes-in-consumption are two or more goods that satisfy the same wants or needs and they play an important role in the market place by providing consumers with alternatives which helps generate competition in the market. As the price of one good decreases, the demand for its substitute may also decrease and vice versa.

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Answer:

$2,500 Increase

Explanation:

Lil Beasty Company

Variable cost per unit ($17 + $1.50) $18.50

Income per unit ($19 – $18.50) $0.50

The total increase in net income ($.50 X 5,000 units) $2,500

Therefore we have increase $2,500 meaning If the offer is accepted with unused capacity, net income will increase by $2,500. The variable cost per unit will be $18.50 ($17 + $1.50); the income per unit is $.50 ($19 – $18.50); and the total increase in net income will be $2,500 ($.50 X 5,000 units)

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2 years ago
In the "promoting leadership effectiveness" model, what is a listed goal at the interpersonal level?b
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7 0
3 years ago
During April, Cavy Company incurred factory overhead as follows:Indirect materials $10,500Factory supervision labor 4,000Utiliti
Artist 52 [7]

Answer:

Date            Account Title                                       Debit          Credit

April             Factory Overhead                           $16,720

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                    Wages payable                                                       $4,000

                     Utilities payable                                                     $  500

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3 0
2 years ago
What are consumer goods and how do they allow a country to become a mdc?
Reika [66]
Consumer goods are those goods that are purchased and used by consumers. Consumer goods are not used by manufacturers to produce other goods. In essence, consumer goods are ready for use since they have been taken through the production and manufacturing. For a country to have consumer goods it must trade with other countries either to acquire raw materials or trade in consumer goods. This trade process contributes greatly towards the development of LDC economies into MDC status.
6 0
3 years ago
Car and Auto Sisters had retained earnings of $18,000 on the balance sheet but disclosed in the footnotes that $3,000 of retaine
zmey [24]

Answer:

$14,000

Explanation:

The computation the retained earning balance for dividend distribution is shown below:

= Retained earnings - retained earnings was restricted for plant expansion - restricted for bond repayments

= $18,000 - $3,000 - $1,000

= $14,000

Simply we deduct those items which affect the retained earnings balance.  

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
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