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Orlov [11]
3 years ago
13

Ceteris paribus, a 10 percent increase in income results in a 50 percent decline in the quantity of potatoes purchased. this imp

lies potatoes can be categorized as _____.
a. complements

b. substitutes
Business
2 answers:
Liula [17]3 years ago
8 0
The answer to this question is B. Substitute 
melisa1 [442]3 years ago
8 0

Ceteris paribus, a 10 percent increase in income results in a 50 percent decline in the quantity of potatoes purchased. this implies potatoes can be categorized as substitute.

A substitute is an item that is being used to fill the gap of something that a consumer can not get. They may not be able to receive that item if they can not afford it. In this case, there was a rise in income and a decrease in potatoes so we can gather that many consumers were using the potatoes as a substitute for another good.

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Assume that the risk-free rate of interest is 3% and the expected rate of return on the market is 15%. A share of stock sells fo
Svetllana [295]

Answer:

CAPM= RF+ B(RM-RF)= Required return

3+1.1(12)=16.2% is the required return according to the CAPM method

The stock is expected to return 16.2% in the form of price appreciation and dividends. In this case the dividends are expected to be 2$ and 2/69=2.89 %.

So we know that out of the 16.2 % expected return 2.89% will come from dividends and the rest by increase in stocks price, so in order to find the increase in stocks price we subtract 2.89% from 16.2% and we get 13.31%.

So the stocks price is expected to increase by 13.31%

1.1331*69= 78.18

The investors expected the stocks price to be $78.18 at the end of the year

Explanation:

3 0
3 years ago
What was the result on appeal in the Case Opener involving the claim that Michael Jordan owed $5 million based on his agreement
Stolb23 [73]

Answer:

Sometimes our justice system can really surprise us. How can a person sue another individual based on arguments that are known to be false? Shouldn't the courts just say no to this kind of lawsuits?

It's plain common sense that the court would dictate that the agreement should be annulled or rescinded based on the mother's fraud attempt or maybe mutual mistake between Michael Jordan and her. Even if they were both convinced that he was the father, after it was proven that he wasn't, the court shouldn't have even wasted its time (and taxpayers money) with this case.

6 0
3 years ago
Suppose the united states imposes higherimposes higher steel tariffs. how does the change in steel import restrictions affect au
Orlov [11]
I not sure about this but wish i help 
6 0
3 years ago
Suppose Antonio and Caroline are playing a game in which both must simultaneously choose the action Left or Right. The payoff ma
ladessa [460]

Answer:

Caroline to choose right

Antonio chooses left and Caroline chooses right.

Explanation:

Interpreting the payoff matrix:

Both choose right:

Antonio receives 3, Caroline receives 7

Both choose left:

Antonio receives 4, Carolina receives 6

Caroline chooses left, Antonio chooses right:

Antonio receives 7, Caroline receives 5

Caroline chooses right, Antonio chooses left:

Antonio receives 6, Caroline receives 8

As we can see, Antonio only has a better payoff then Caroline if she chooses left and he chooses right. Therefore, the dominant strategy is for Caroline to choose right, this way she will always have the greater payoff.

If Antonio chooses right, the outcome may alter depending on the outcome, therefore it is not a Nash Equilibrium. However, if Antonio chooses left, no matter what Caroline chooses, she will have the greater payoff. At the same time, if Caroline chooses right, Antonio cannot change the outcome by changing his strategy. Therefore, the outcome reflecting the unique Nash equilibrium in this game is as follows: Antonio chooses left and Caroline chooses right.

8 0
3 years ago
A person who earns $30,000 per year has $2,000 in childcare costs. As a
lutik1710 [3]
Im gonna guess tax deduction
6 0
3 years ago
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