Answer:
Option (A) is correct.
Explanation:
Qx = 1000 - 10Px + 0.1I + 10Py
Suppose income of the consumer and the price of good x remains constant at
I = $100
Px = $10
Initial price of good y, Py = 10
So,
Qx = 1000 - 10(10) + 0.1(100) + 10(10)
= 1000 - 100 + 10 + 100
= 1,010 units
If price of good y increases to $20, then,
Qx = 1000 - 10(10) + 0.1(100) + 10(20)
= 1000 - 100 + 10 + 200
= 1,110 units
This will results in an increase in the quantity demanded for good x which shows that there is a positive relationship between the price of good y and quantity demanded for good x.
This indicates that good x and good y are substitute goods.
The brain and the spinal cord are covered by the central nervous system.
Answer:
(A) Kleiner Merchandising Company:
Goods available for sale = $24,500
Cost of goods sold = $17,900
Gross profit = $3,600
Net income = $1,550
(B) Krug Service Company:
Net income = $16,300
Explanation:
(A) Kleiner Merchandising Company:
Goods available for sale:
= Beginning inventory + Net purchases
= $11,000 + $13,500
= $24,500
Cost of goods sold:
= Goods available for sale - Ending inventory
= $24,500 - $6,600
= $17,900
Gross profit = Net sales - Cost of goods sold
= $21,500 - $17,900
= $3,600
(b) Kleiner Merchandising Company:
Gross profit = $3,600
Net income = Gross profit - Expenses
= $3,600 - 2,050
= $1,550
Krug Service Company:
Net income = Revenues - Expenses
= $26,000 - $9,700
= $16,300
A multinational corporation will fully benefit from economies of scale when its establish a subsidiary in a new market that can sell products produced elsewhere which allows for increased production and thus possibly greater efficiency.
<h3>What is an
economies of scale?</h3>
This refers to a situation whereby the average costs per unit of output decrease with the increase in output being produced by a firm.
Hence, it is agreed that any multinational corporation will be able to fully benefit from economies of scale when its establish a subsidiary in a new market that can sell products produced elsewhere.
Therefore, the Option D is correct.
Read more about economies of scale
<em>brainly.com/question/972118</em>
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Answer:
The city was convenient for trading opportunities.
Explanation:
