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
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.

You might be interested in
In the _____ stage of selecting information technology projects, organizations select information technology projects. a. projec
Rainbow [258]

In the <u>Resource Allocation</u> stage of selecting information technology projects, organizations select information technology projects.

Explanation:

The first step of a planning process to align the information technology strategic plan to the organization's overall strategic plan

The<u> project planning  stage</u> refers to that stage of project planning which involves , selecting information technology projects, organizations and defining the scope of the project , benefits, and constraints of the same

The <u>business area analysis</u>  stage of information technology planning outlines business processes that are central/important  in  achieving strategic goals and helps determine which ones could most benefit from information technology.

So,it is in the <u>Resource Allocation</u> stage of selecting information technology projects, organizations select information technology projects.

3 0
3 years ago
If a firm borrows ​$8 comma 000 from households at an annual interest rate of 6 ​percent, how much will the firm pay in interest
laila [671]

Answer:

The firm will pay 480 dollars each year as interest payment.

Explanation:

The interest amount is calculated by multiplying the rate of interest with the amount borrowed. In problem loan is 8,000 dollars and rate of interest is 6%, so the interest amount will be calculated as follow

Interest payment = 8,000 * 6% = 480 dollars

8 0
3 years ago
Wage contracts, efficiency wages, and the minimum wage are explanations for why:
hjlf

Answer:

B. Wages tend to be inflexible downward

Explanation:

Wages are flexible if they react to changes in demand and supply. Profitability determines demand and supply level for wages.  Flexibility in wages means that If the economy is performing well, companies should compensate their employees better.

Wage inflexibility implies that wages will not respond to changes in demand and supply. Wages do not rise or fall if the marginal productivity of labor increases or decreases.  Wage contracts are agreements that tend to set compensation for workers regardless of their output.  Minimum wage is a regulatory requirement that demands workers not to be paid below a set rate. Wage efficiency recommends higher than market rate compensation to motivate productivity.

The three factors do not advocate for wages to be pegged on productivity.

7 0
3 years ago
Ryan estimates that he drove approximately 1,300 miles on business trips, but he can only provide written documentation of the b
Vanyuwa [196]

Answer: The correct answer is the IRS deductible rate for 820 miles.

Explanation: In order to claim an item as a business expense you need to have documentation for the expense. In the case of mileage, there needs to be documentation for the trip. The amount that Ryan can write off is the IRS deductible amount per mile, which is .58 per mile in 2019 for 820 miles. This amount for 2019 is $475.60.

7 0
3 years ago
At the beginning of the recent period, there were 880 units of product in a department, one-third completed. These units were fi
Yuliya22 [10]

Answer:

a. 9,030 units.

Explanation:

The computation of the weighted average equivalent units produced  is

= Beginning units f product in a department + additional started and completed units + ending work in process units after considering the one-fourth completion

= 880 units + 8,000 units + 150 units

= 9,030 units

The ending work in process units come

= 600 units ÷ 4

= 150 units

7 0
3 years ago
Other questions:
  • The dividend policy must be formulated considering two basic objectives, namely ________. delaying the tax liability of the stoc
    9·1 answer
  • If a company makes three entries into the cash receipts journal for cash received from customers paying on account of $500, $750
    10·2 answers
  • ______ is the use of a variety of statistical analysis tools in marketing research to uncover previously unknown patterns in dat
    8·1 answer
  • The manager of a manufacturing company knows that they will need a new machine in one of their factories. The new machine will c
    6·1 answer
  • Altamonte Telecommunications has a target capital structure that consists of 45% debt and 55% equity. The company anticipates th
    8·1 answer
  • Suppose housing prices and stock prices decline significantly and cause autonomous consumption spending to decrease by $200 bill
    8·1 answer
  • give at least 3 personal gains in your business (my gain,community gain and country gain) by considering the table below
    10·1 answer
  • Based on what you have read, what is the opportunity
    6·1 answer
  • Suppose you are trying to save $20,000 to buy a used boat and you are going to deposit $5,000 today in savings account. The high
    8·1 answer
  • Sedentary muscles should be braised to make them become tender.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!