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kicyunya [14]
3 years ago
10

How does price of related goods affect demand

Business
1 answer:
antoniya [11.8K]3 years ago
6 0

The price of related goods is one of the other factors affecting demand. a. Related goods are classified as either substitutes or complements. ... An increase in the price of a good will increase demand for its substitute, while a decrease in the price of a good will decrease demand for its substitute.

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Dake Corporation's relevant range of activity is 3,200 units to 8,000 units. When it produces and sells 5,600 units, its average
Sladkaya [172]

Answer:

$22,780

Explanation:

The computation of the  total amount of indirect manufacturing cost incurred is shown below:

= Variable manufacturing overhead + fixed manufacturing overhead

where,

Variable manufacturing overhead  = Number of units produced × variable manufacturing overhead per unit

= 4,600 units × $1.30

= $5,980

Fixed manufacturing overhead  = Number of units produced and sold × fixed manufacturing overhead per unit

= 5,600 units × $3

= $16,800

So, the total indirect manufacturing cost is

= $5,980 + $16,800

= $22,780

6 0
3 years ago
Which of the following is an example of an illustrative thesis statement: Select one:
Veronika [31]

Answer:

The correct answer is letter "B": The details, extra challenges, and character commitment found in the book Ready Player One make it far more enjoyable than the movie.

Explanation:

Thesis statements summarize in one sentence the main idea of a research study or an essay. The sentence is a direct answer to a question. It must be concise, direct and easy to read so anybody can understand what the content of the following pages could explain.

Out of the options given, the letter "B" is the best since it exposes clearly why the author of the essay believes the Ready Player One book is better than the movie.

8 0
4 years ago
A leveraged buyout refers to a(n): a. restructuring action whereby a party buys all of the assets of a business, financed largel
Alexxx [7]

Answer:

a. restructuring action whereby a party buys all of the assets of a business, financed largely with debt, and takes the firm private

Explanation:

In a leveraged buyout, a firm is acquired using debt. The assets of the company are usually used as a collateral for the loans used a leverage buyout.

I hope my answer helps you

4 0
4 years ago
Which skills does Joseph demonstrate in this example? Joseph works as a school superintendent. He has realized that technologica
weeeeeb [17]
He’s a good researcher, reader, hard worker.
7 0
3 years ago
Whether the minimum wage is a binding price floor always depends upon whether the economy is in a recession. a. True b. False
murzikaleks [220]

Answer:

false

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price

A country is in a recession when the GDP for 2 consecutive quarters is negative.

A binding price floor depends if it is above or below equilibrium

6 0
3 years ago
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