Answer:
C) Z is a substitute for input X in the production of Y.
Explanation:
Goods are substitutes if they can be used in place of each another. For example, pen and pencil can be considered as substitute.
If the price of a good decreases, the demand for that good increases and the demand for the subsituite falls. X and Z are substitutes
Complements are goods that are consumed together e.g. bread and butter.
Inputs are goods used in the production of output. If the price of input increases, the price of the output increases. Therefore, X is an input in the production of Y.
Since X and Z are substitutes, and X is an input for Y.
I hope my answer helps you
Answer:
a. Do nothing at all.
Explanation:
Since, the government knows that the price is higher than it would be in the presence of competition, it believes that such profits are crucial to incentivizing innovation in the high-tech industry, a policy goal of the government shall be to leave it alone.
The government has four potential policy paths to pursue when faced with a monopoly or powerful oligopoly
Answer: Marriage benefit
Explanation: For married couples, filing jointly as opposed to separately often means getting a bigger tax refund or having a lower tax liability.
You may also qualify for other tax benefits that do not apply to the other filing statuses.
Answer:
60.06%
Explanation:
For each of the amounts first of all we get the z values.
For $32,000 z= (Amount - Mean)/Standard deviation
z= (32,000- 40,000)/5,000= -1.6
For $42,000, z= (42,000- 40,000)/5,000
z= 0.4
Using probability tables to find the proportion of commission between 0.4 and -1.6, we will need to add 0.4452 and 0.1554.
This gives 0.6006= 60.06%
So the salesperson earns 60.06% commission between $32,000 and $42,000.
<h2>
Answer:</h2>
x = (log₅7) - 8
<h2>
Explanation:</h2>
<em>Given;</em>
= 7
<em>Take log of both sides;</em>
log₁₀() = log₁₀7 -------------(ii)
<em>From the laws of logarithm remember that;</em>
logₐ xⁿ = n logₐ x
<em>Equation (ii) can then be written as;</em>
(x + 8)log₁₀5 = log₁₀7
<em>Divide both sides by log₁₀5</em>
(x + 8) = 
-----------(iii)
<em>From the laws of logarithm, remember that;</em>
<em>Equation (iii) can thus be written as;</em>
(x + 8) = log₅7
x + 8 = log₅7
<em>Make x subject of the formula;</em>
x = (log₅7) - 8
