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
Debora [2.8K]
3 years ago
12

Suppose the demand for good X is given by Qd x = 10 - 2Px + Py + M. The price of good X is $1, the price of good Y is $10, and i

ncome is $100. Given these prices and income, how much of good X will be purchased?
A. 115.
B. 515.
C. 1,000.
D. none of the statements associated with this question are correct.
Business
1 answer:
tekilochka [14]3 years ago
3 0

Answer:

Option D.

Explanation:

The demand function for good X is

Q_x^d=10-2P_X+P_Y+M

where, P_X is price of good X, P_Y is price of good Y and M is income.

It is given that the price of good X is $1, the price of good Y is $10, and income is $100.

Substitute P_X=1, P_Y=10 and M = 100 in the given function.

Q_x^d=10-2(1)+(10)+(100)

Q_x^d=10-2+110

Q_x^d=118

None of the statements associated with this question are correct.

Therefore, the correct option is D.

You might be interested in
How and why do economic actors analyze opportunity costs to determine which goods or services they should specialize in?
vovikov84 [41]

A model used to illustrate the trade-offs related to splitting resources between the production of two items is called the Production Possibilities Curve (PPC).

<h3>How do economic actors calculate costs to specialize products?</h3>

The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.

Exchange possibilities that lead to consumption opportunities outside of the PPC are the consequence of production specialization based on comparative advantage rather than an absolute advantage.

In contrast to what would have been achievable domestically, trade between two agents or countries enables the countries to enjoy a higher overall output and level of consumption.

<h3 />

PPCs can be used to decide who should specialize in a certain good as well as opportunity costs and comparative advantages.

A nation or individual will be able to consume at a point beyond its PPC through specialization and commerce, assuming the terms of trade are advantageous (for example, offering each agent a cheaper opportunity cost than could be accomplished without trade).

Check out the link below to learn more about opportunity costs;

brainly.com/question/17410093

#SPJ1

3 0
2 years ago
When all other factors remain the same, the law of demand tells us that: An increase in your income causes you to buy more hambu
PilotLPTM [1.2K]

Answer:

An increase in your income causes you to buy more hamburgers.

Explanation:

An increase in your income causes you to buy more hamburgers.

Option "A" is correct because the increase in income exhibits an increase in purchasing power. Moreover, there is a positive relationship between the income the demand for normal goods which means if the income rises, then the demand rises. If the income falls, then demand for goods also falls. Therefore, option "a" is right.

7 0
3 years ago
Overhead expenses are budgeted at $2,000 per month. Included in the $2,000 are $500 of monthly depreciation expense and $200 of
professor190 [17]

Answer:

Cash outflow will be $1300

So option (C) will be correct answer

Explanation:

We have given overhead expense = $2000 per month

Depreciation expenses = $500

And allocated insurance expense = $200

So non cash expense = depreciation expense + allocated insurance expense = $500+$200 = $700

We have to fond the cash out flow

Cash outflow is equal to = Overhead expense - non cash expense = $2000 - $700 = $1300

So cash outflow will be $1300

So option (C) will be correct answer

4 0
3 years ago
Jing-Sheng facilitated a hiring committee for his advertising company. Six employees (including two managers) met together to di
Ganezh [65]

Answer:

Option (D) Participative Leadership

Explanation:

Because Participative leadership is a managerial style that invites input from employees on all or most company decisions. The staff is given pertinent information regarding company issues, and a majority vote determines the course of action the company will take.

3 0
3 years ago
Read 2 more answers
Manuel wants to sell his new product in foreign countries but with the least amount of risk to himself and his business. what ma
likoan [24]

In my view one of the safest ways to enter markets in foreign countries in strategic alliance with an existing business of that market.This existing business knows about the market Manuel wants to sell its' products in. Furthermore, this would allow Manuel to prepare a strategy accordingly.But, if he forms an alliance with a business that has a bad brand image,it can get tough for Manuel business to even start.Although, I strongly believe that this is one of the safest ways to enter a new market.But,before he takes this step,Manuel must prepare a business plan.


8 0
3 years ago
Other questions:
  • The following is a partial year-end adjusted trial balance. Account Title Debits Credits Sales revenue $ 460,000 Loss on sale of
    13·1 answer
  • The CEO of the Wholesome Food retail grocery chain, which specializes in organic and natural produce and meat, has stated, "The
    6·1 answer
  • "Logistics" has essentially the same meaning as which of the following terms?
    5·2 answers
  • Earned net income of $ 72,000 after deducting depreciation of $4,000 and all other expenses. Current assets decreased by $3,000​
    6·1 answer
  • My question is below. PLEASE HELP ASAP!!! THANKS ;)
    8·1 answer
  • According to your text, selection methods should accurately predict how well individuals perform, and they should only be applic
    14·1 answer
  • The straight-line depreciation method and the double-declining-balance depreciation method: Multiple Choice Are acceptable for t
    5·1 answer
  • In marketing and sales communications, it is illegal to use bait-and-switch advertising
    12·1 answer
  • a homeowner has just made the final payment on her home mortgage to her lender. there will still be a lien on her property until
    7·1 answer
  • Which of the following affects employers’ decisions on how much to pay their workers? Maximizing costs
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!