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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.

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Explanation:

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What is an insurance premium?
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8 0
3 years ago
A ____ is a strategic alliance in which two existing companies collaborate to form a third, independent company. question 37 opt
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4 0
3 years ago
Read 2 more answers
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) N
Margaret [11]

Answer:

Note   Contract Date   Principal   Interest Rate   Period of Note (Term)

1              March 7            $12,000           5 %                    60 days

2.             May 21             $18,000           7%                      90 days

3.            October 26      $ 14,000           4%                     45 days

1. Maturity date = 6 May

Interest expenses = $12,000*5%*60/360

Interest expenses = $100

2. Maturity date = 19 August

Interest expenses = $18,000*7%*90/360

Interest expenses = $315

3. Maturity date = 10 December

Interest expenses = $14,000*4%*45/360

Interest expenses = $70

7 0
2 years ago
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