Answer:
If the fall in price of good Y causes demand for good X to fall as well, the goods Y and X are complementary.
Explanation:
Complementary goods are those goods that people tend to buy together, since, as the word implies, they fulfill complementary purposes.
An example of two complementary goods are BBQ Sauce and Meat.
Meat is often used to grill/roast, and it is accompanied with BBQ Sauce. If BBQ Sauce price goes down, it is likely that more of it will be bought as well as more meat. The opposite occurs if the price of either good goes up. Hence, both goods are complementary.
Answer:
a $300
b $3,300
c $750
d $17,250
Explanation:
The computation is shown below:
a. Insurance expense for march month:
= Total insurance expense ÷ total number of months in a year
= $3,600 ÷ 12 months
= $300
b. Prepaid insurance
= Total insurance expense - march insurance expense
= $3,600 - $300
= $3,300
c. Rent expense for equipment for April month
= Total rent cost ÷ total number of months in two year
= $18,000 ÷ 24 months
= $750
d. Prepaid rent expense
= Total rent cost - April rent expense
= $18,000 - $750
= $17,250
Answer:
this is not the answer
Explanation:
Consumers and producers react differently to price changes. ... Both of these changes are called movements along the demand or supply
Answer:
A) focused niche strategy
Explanation:
A niche is a specific section of a market. In this case, the specific section of the market is female viewers.
Lifetime Television has found that tailoring its products to a specific niche (female viewers) is a good strategy. They have decided to do so instead of trying to attract a larger section of ther market (for example, they could be a channel that appeals to both men and women, but they have chosen not to do so).
Answer:
$1 per hour
Explanation:
Data provided in the question
Lauren pick cherries per hour for $8 per hour
And, the wage rate that Lauren earns is $7 per hour
So, the surplus made from Lauren's labor per hour is
= Lauren pick cherries per hour - Wage rate that Lauren earns
= $8 per hour - $7 per hour
= $1 per hour
Simply we deduct the wage rate from the cherries per hour so that the surplus per hour could come
