1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pepsi [2]
4 years ago
6

Pam sees that the price of bananas has risen in the grocery store. All else equal, she decides to buy more tangerines than she n

ormally purchases. From the information given, you might conclude that:a. tangerines and bananas are complements.
b. tangerines are an inferior good.
c. tangerines and bananas are substitutes.
d. bananas are a luxury good.
Business
1 answer:
Katyanochek1 [597]4 years ago
3 0

Answer:

Option (c) is correct.

Explanation:

Given information states that bananas and tangerines are substitute goods. We know that the cross price elasticity of substitute goods is positive which means that there is a positive relationship between the price of one good and the quantity demanded for substitute good.

Therefore, in our case as the price of bananas increases and all the other factors remains constant then as a result the quantity demanded for tangerines increases.

You might be interested in
The search for and qualification of potential customers during the personal selling process is referred to as:_____.
Dominik [7]

Answer:

Prospecting.

Explanation:

This is known to be the first step that is been taken in a bid to get potential customers in a marketing process. Its made by of these marketers is firstly to qualify a recipient as a prospect and is other cases, someone who may have a need for your business products or services, or not. Its goal of is to develop a database of likely customers and then systematically communicate with them in the hopes of converting them from potential customer to current customer.

4 0
3 years ago
Cho wanted to sell her custom jewelry made in China to the U.S. market, but she didn’t have a lot of capital to get started, nor
allsm [11]

Answer:

licensing

Explanation:

Based on the scenario being described within the question it can be said that the entry method that Cho seems to be pursuing is known as licensing. This is a market entry strategy in which a company grants permission to another company in a different country in order for it to use the granting company's intellectual property for a specific period of time.

3 0
4 years ago
Read 2 more answers
What is a fixed cost
nignag [31]
A cost is a charity and a fixed cost basically mean that the cost is fixed
8 0
3 years ago
Consider an 8.5% loan amortizing at a 25-year rate with monthly payments. What is the maximum amount that can be loaned on a pro
Leto [7]

Answer:

<u>Maximum Amount that can be loanded = $4139619</u>

Explanation:

DSCR = NOI / Debt Service

Debt Service = Principal + Interest

NOI = $ 500000

Debt Service = 500000 / 125 % = $ 400,000

The loan would be ammortized monthly over a period of 25 years.

Monthly Payment or EMI

E = P×r×(1 + r)n/ ((1 + r)n - 1)

12E = 400,000 = [P×r×(1 + r)n/ ((1 + r)n - 1)] * 12

or, P = 400000 / 0.0966272500154557 = $4139619

<u>Maximum Amount that can be loanded = $4139619</u>

8 0
4 years ago
Ithilium, a European country, is able to produce more electronics than Kilim, a North American country, even though both countri
ziro4ka [17]

Answer:

c. absolute advantage over Kilim.  

Explanation:

Ithilium, a European country, is able to produce more electronics than Kilim, a North American country, even though both countries use the same amount of resources. Given this information, it can be deduced that Ithilium has absolute advantage over Kilim.  

Comparative advantage refers to when a company produces the same number of outputs with <u>lower opportunity costs </u>while absolute advantage is when a country <u>produces more outputs from less resources</u>.

In the scenario, we are not given opportunity costs and we are not looking at the costs of producing a unit of output but rather how much output a country can get from a given level of resources which is in line with the concept of Absolute Advantage.

.  

7 0
3 years ago
Other questions:
  • The Fremont Company uses the weighted-average method in its process costing system. The company recorded 32,500 equivalent units
    7·1 answer
  • If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor,
    6·1 answer
  • Social entrepreneurship is a growing phenomenon. Do you believe that for-profit businesses can have a social mission?
    13·1 answer
  • Despite experiences of discrimination early on, Italians, Irish, and eastern European immigrants were incorporated into thecateg
    9·1 answer
  • Glenn and Maggie own a regional chain of juice bars and are looking to expand in the coming year. They already have fifty shops,
    12·2 answers
  • Amanda Company purchased a computer that cost $10,000. It had an estimated useful life of five years and a residual value of $1,
    6·1 answer
  • Van Winkle received stock options from his employer, RiP, Inc. The options entitled Van to purchase 100 shares of RiP common sto
    6·1 answer
  • Trade between countries tends to a. reduce both competition and specialization. b. reduce competition and increase specializatio
    7·1 answer
  • If the compress gets soaked while you are treating bleeding:
    5·1 answer
  • According to Krugman, which of the following best indicates the dangers of a strategic trade policy?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!