If the price of tents should increase then it would cause the demand for sleeping bags to reduce.
<h3>What is a complementary good?</h3>
This is the term that is used to refer to the goods that are bought and used alongside another good. What this means is that both goods are used together.
Hence when the price of one complement good rises, it would cause the demand of that good to reduce and also reduce the market for that good.
Read more on complement goods here: brainly.com/question/1338465
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Answer:
There would be no under-applied or over-applied overhead since the overhead applied will be equal to budgeted overhead.
Explanation:
Overhead application rate is the ratio of budgeted overhead to budgeted activity level. Overhead applied is overhead application rate multiplied by actual activity level. Under/over-applied overhead is the difference between overhead applied and budgeted overhead.
In this type of situation, both Ramsay and the company will be investigated for the tax fraud case. Even if Ramsay was found not guilty, the company will still be investigated since the company is a separate entity and there is an alleged big amount hidden in company's assets. If the company is found guilty, it will still be liable for the case even if Ramsay was found not guilty. Most likely, the investigators will try to tie the case back to him anyway since he is one of the main representatives of the company.
Answer:
Tom can afford 6 rentals and his utility is at maximum level, when he consumes 8 slices of pizza and rents 8 movies per week.
Explanation:
For the given utility equation 24$= 6*slice of pizza + 3*rented movie, where pizza levels are 1,2,3 and 4, we have:
24 = 6*1 + 3* x
x = 6
24 = 6*2 + 3*x
x = 4
24 = 6*3 +3*x
x = 2
24 = 6*4 + 3*x
x= 0
His total utility is the sum of given utilities per week, which he has from slices of pizza eaten and movies rented. Therefore he should consume 8 slices of pizza and rent 8 movies per week.
