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brilliants [131]
3 years ago
9

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:
Business
1 answer:
Evgesh-ka [11]3 years ago
6 0

Answer:

It means that tangerines are a substitute good to bananas

Explanation:

Substitute goods are goods that provide the same benefit for the consumer, and therefore, are somewhat interchangeable. When the price of one good rises, then, people flock to the substitutes.

In this case, for Pam, tangerines provide the same benefit as bananas (they are both fruits anyway), and because bananas are now more expensive, she decides to purchase more bananas instead.

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Dyed-Denim Corporation is seeking to lower the costs of value creation and achieve a low-cost position. As a result, it plans to
Pavlova-9 [17]

Answer:

The correct answer is location economies

Explanation:

Location economies refers to a situation where goods are produced under the optimal economic conditions.

In determining this location,companies usually consider cultural,economic and legal perspectives,in that they are able to locate their manufacturing outfits where the combination of these factors is most favorable.

The ease of transporting output and trade barriers are also examined such that the goods produced can be transported to consuming nations all around the world without logistics headache or trade sanctions.

8 0
3 years ago
Banks that are financial intermediaries generate earnings when they facilitate the transfer of money from savers to borrowers by
lesya692 [45]

Answer: True

Explanation:

Financial intermediaries are the institutions they have been put in place like a building society, bank, or unit-trust company, which are charged with the responsibility of holding funds from the lenders so that loans will be made available to people that wants to borrow.

It should be noted that banks that are financial intermediaries generate earnings when they facilitate the transfer of money from savers to borrowers by paying savers a smaller return than they demand from borrowers. This earning is their charges for the service rendered.

6 0
3 years ago
The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $21,000,
Nadya [2.5K]

Answer: 18.8%

Explanation:

Simple rate of return on investment = Incremental net operating income / investment

Incremental net income = Operating savings - Annual cost

= 145,000 - 420,000/6 years

= $75,000

Net investment = Cost of new machine - salvage value of old

= 420,000 - 21,000

= $399,000

Return on investment = 75,000/399,000

= 18.8%

6 0
3 years ago
Annissa has been working in the Boulevard Building Company for seven years. She is dedicated to her work and tries to follow the
Brums [2.3K]

Answer: <em>True</em>

Explanation:

The following statement is true, i.e. In accordance to the equity theory, she will try to change the working habits. The equity theory mostly concentrates on evaluating whether the allocation of commodities and resources is impartial to both of the relational partners. Here, equity is evaluated by contrasting the ratio in between the costs and rewards for each individual.

3 0
4 years ago
The Tax Cuts and Jobs Act passed in December of 2017 dramatically increased the amount of money that is exempted or excluded whe
Serga [27]

Answer:

Option D. Portability Rule

Explanation:

The Portability rule says that if the estate tax exemption was not fully utilized at the time of the other spouse's death then the rule allows the surviving spouse to use the remainder unused estate tax exemption if left unused. So basically this rule gives the person maximum chance to obtain the benefit of utilization of estate tax exemptions.

8 0
3 years ago
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