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
notsponge [240]
3 years ago
13

he demand for good X is given by QXd = 6,000 - (1/2)PX - PY + 9PZ + (1/10)M Research shows that the prices of related goods are

given by Py = $6,500 and Pz = $100, while the average income of individuals consuming this product is M = $70,000. a. Indicate whether goods Y and Z are substitutes or complements for good X.
Business
1 answer:
vladimir1956 [14]3 years ago
7 0

Answer:

Good Y = complement

Good Z = substitute

Explanation:

The equation that describes the demand for good X is:

Q_{Xd} = 6,000 - \frac{1}{2}PX - PY + 9PZ +0.10M

Analyzing the equation, if there is an increase in the price of good Y, then the demand for good X decreases. This behavior indicates that good Y is a complement for good X since there is a positive relationship between price changes in Y and demand for X. As for good Z, an increase in its price leads to an increase in demand for X, which leads us to believe that good Z is a substitute for X.

You might be interested in
You purchased 500 shares in a mutual fund for $32 NAV. You elected the dividend reinvestment plan and had all dividend and capit
zloy xaker [14]

Answer:

Return on investment = 50%

Explanation:

Return on Investment is the proportion of investment cost  that an investor earns as as return in dollar

For a mutual fund= total return in dollar/investment cost

                             = (48-32)× 500/(500× 32)  × 100

                            =50%

<em>Note that the gains in dollar is the difference between the selling price at the end and the selling price at the beginnin</em>g.

8 0
3 years ago
Issuance of common stock for cash affects which basic element of financial statements? Revenues Equity Losses Liabilities
weeeeeb [17]

Answer:

Equity

Explanation:

8 0
3 years ago
The condition of fully flexible wages and prices was assumed by
nignag [31]
The answer to this question is <span> B) the classical economists.
Classical economist based their assumptions on the view that market will always find a way to regulate itself without any external intervention.
In reality, many private establishments often exert their power to control a specific resource in the market in order to rake in more profit (such as what monopolist do)</span>
8 0
3 years ago
Buscorp wants to introduce a new procedure for processing customer requests. if this change will require employees to break old
NeTakaya
If this change will require employees to break old routines and adopt new role patterns, the preferred strategy for dealing with resistance to this change such as this is learning. The company would want their employees to learn new methods so as to be able to adopt to the change and in a way encourage to their employees.
4 0
3 years ago
E2-6 Investment Income LO 2-2, 2-3 What net income would Ravine Corporation have reported for each of the years, assuming Ravine
zheka24 [161]

Answer: investment Income

Explanation: By Carrying  the Investment at fair Value or by using equity method would ensure that the investment income is spread adequately across the Corporation over the years be it two years or three years. This would also help the corporation to make proper planning around their budget and finances as regards to units in the corporation.

4 0
3 years ago
Other questions:
  • Which degree is commonly earned by those interested in a career in business?
    11·2 answers
  • Which of these assumptions can an entrepreneur safely make when planning a start-up? Check all that apply.
    14·2 answers
  • Information for Hobson Corp. for the current year ($ in millions):
    6·1 answer
  • Which one of the following parties can sell shares of ABC stock in the primary market?-ABC company-Any corporation, other than t
    12·1 answer
  • Sheldon and Morton formed a partnership with capital contributions of $80,000 and $40,000, respectively. Their partnership agree
    15·1 answer
  • A client of yours has heard about private equity investing from some wealthy friends and asks you, the registered representative
    12·1 answer
  • Combines technology with manual employee effort to identify trends, perform comparisons and highlight opportunities in supply ch
    14·1 answer
  • The formula for accounts receivable turnover is computed as _____ divided by average accounts receivable, net.
    13·1 answer
  • If the U.S. dollar is strong, foreign imports are
    13·1 answer
  • Which supply chain process focuses on the transformation of inputs into outputs?.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!