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
miv72 [106K]
3 years ago
13

Assuming that hotdogs are substitutes for hamburgers, if the price of hamburgers increases, what happens to the market of hotdog

s?
Business
1 answer:
AURORKA [14]3 years ago
7 0
<span>Assuming that hotdogs are substitutes for hamburgers, if the price of hamburgers increases, what happens to the market of hotdogs? If hotdogs are a substitute for hamburgers and the price of hamburgers increase, then the market for hotdogs will increase. Due to the hotdogs being a substitute for the hamburgers, if their prices do not rise but hamburgers do, people are more likely to purchase the hotdogs over the hamburgers to save money. Assuming that the hotdogs price do not rise in relation to the hamburgers rising, then there will be an increase in hotdog sales. </span>
You might be interested in
The required volume of output to produce the motors will not require any incremental fixed overhead. Incremental variable overhe
Ludmilka [50]

Answer: Income will increase by $16 per unit

Explanation:

Your question isn't complete but the completed question was gotten online and would be used in answering the question accordingly.

The effect on income if Derby decides to make the motors will be calculated thus:

In-house:

Direct material = 38

Direct labor = 50

Overhead (Incremental) = 21

Total variable cost = 109

Outside:

Cost of supply = 125

Therefore, the income per unit will increase by (125 - 109) = 16.

3 0
3 years ago
What is one reason that a hotel owner might consider hiring a hotel management company?
Allushta [10]

Improved hotel management effectiveness is one reason that a hotel owner might consider hiring a hotel management company.

      What function does a hotel management business serve?

  • The management firm oversees the hotel operations and makes sure they are profitable.
  • They are in charge of every aspect of the business, from hiring and training employees to procuring supplies, cleaning rooms, renting out meeting space, and entertaining visitors.
  • The General Manager is accountable to both the hotel management business AND the original owner who engaged the hotel management firm.
  • The general manager's job is to manage the hotel in a way that generates income for the owner.
  • To be clear, the hotel owner could be a person, a business, or a trust fund or real estate. These will change based on the market and the kind of hotel.

To learn more about  hotel management visit:brainly.com/question/10979252

#SPJ4

6 0
11 months ago
An entrepreneur borrows $500,000 today. The interest rate is 11.5%. If the entrepreneur makes annual payments of $70,000 per yea
love history [14]

Answer:

After 18.44 year loan will be paid

Explanation:

We have given an entrepreneur borrows $500,000 today.

So total amount is $500000

Annual payment is of $70000

Rate of interest r = 11.5 %

We have to find the time period

We know that total amount is given by

A=P(1+\frac{r}{100})^n, here A is total amount , P is yearly paid amount, r is rate of interest and n is time period

So 500000=70000\times (1+\frac{11.25}{100})^n

7.142=1.1125^n

Taking log both side

log7.142=nlog1.1125

n\times 0.0463=0.8538

n = 18.44 year

So after 18.44 year loan will be paid

6 0
3 years ago
LO 2.2Which of the following is not considered a product cost?
Usimov [2.4K]

Answer:

selling expense

Explanation:

The cost which is charged to manufactured a product is known as product cost

Plus product cost is a combination of direct material; direct labor and indirect cost i.e indirect material and indirect cost

In mathematically,

Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost

The indirect cost is also known as manufacturing overhead cost.

The cost which is charged to manufactured a product is known as product cost

7 0
3 years ago
The process of assigning meaningful authority and responsibility to managers and employees lower in the hierarchy is called:
Fudgin [204]
The answer is C. Delegation.
Delegation is the process of <span>assigning meaningful authority and responsibility to managers and employees lower in the hierarchy. Managers needs to delegate tasks to their people so they can be able to develop leaders in her/his team.</span>
4 0
3 years ago
Other questions:
  • The assumption that is necessary for a linear programming model to be appropriate and that ensures that the value of the objecti
    12·2 answers
  • Jason Herman works part-time as a retail clerk at a local bookstore. One night while his manager was out of town, Jason decided
    10·2 answers
  • Tom wants to avoid any accidents on the work floor of his factory. if an accident does occur, it would cost him $500,000 in dama
    8·1 answer
  • State University sold all of its basketball tickets to its students for 15 home games on September 30 for​ $1,200,000 (basketbal
    7·1 answer
  • "Cookie jar reserves" can best be described as:_______.A) Buying a lot of chocolate chip cookies, storing them for when you have
    15·1 answer
  • Which of the following hitches are allowed
    8·1 answer
  • The replacement cost of an inventory item is below the net realizable value and above the net realizable value less the normal p
    10·1 answer
  • Barans Company purchased merchandise on account from a supplier for $12,900, terms 1/10, n/30. Barans Company returned $2,500 of
    5·1 answer
  • Which is not a type of payroll deduction?
    6·2 answers
  • Why is term life insurance better than whole life insurance?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!