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2 years ago

A substitute good is one that_________.

Business

1 answer:

melamori03 [73]2 years ago

3 0

Answer:

e. can be used in place of another good, fulfilling the same basic purpose

Explanation:

Substitute goods are products used in place of another when it becomes unavailable or beyond cost and even for other reasons. Such products are however only recognized as substitute products where it fulfills the basic purpose as the other.

For example, a person may choose to make a trip by train rather than by bus. The basic purpose of the bus is to get the person to a desired destination and where the train is used in place of the bus to get the person to the desired destination.

As such, the train is a substitute to the bus.

Hence the right option is e. can be used in place of another good, fulfilling the same basic purpose

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Best birdies produces ornate birdcages. the company's average cost per unit is $18.00 when it produces 2,200 birdcages. if $5,50

marshall27 [118]

To predict the total costs for 3,000 birdcages:

Use the average cost per unit of $18.00 and multiply it by 3,000.
($18)(3,000)= $54,000
$54,000 is the predicted total costs of 3,000 birdcages.

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3 years ago

Mervon Company has two operating departments: Mixing and Bottling. Mixing has 350 employees and Bottling has 350 employees. Indi

krok68 [10]

Answer:

Allocated administrative cost for mixing is $81000

And allocated administrative cost for for bottling is $81000

Explanation:

We have given total number of employs for mixing = 350

And total number of employs for bottling = 350

Administrative cost = $162000

So total number of employs = 350+350 = 700

So allocation base for mixing $=\frac{350}{700}=0.5$

So allocated amount for mixing = 0.5×$162000 = $81000

Allocation base for bottling = $=\frac{350}{700}=0.5$

So allocated amount for bottling = 0.5×$162000 = $81000

3 0

3 years ago

When your manager, Novak, talks about a , he means a set of interrelated parts that function as a whole to achieve a common purp

andrew-mc [135]

Answer:

A System

Explanation:

Novak is referring to a system. A system is a complex union of several interrelated parts that have different specific functions, but share a common goal, and a more or less common mechanism.

Society is a system, a computer as well. Firms are systems, they have different parts: employees, stockholders and management that have specific functions but work together toward a common goal: generating revenue.

5 0

3 years ago

Radoski Corporation's bonds make an annual coupon interest payment of 7.35% every year. The bonds have a par value of $1,000, a

gtnhenbr [62]

Answer:

YTM = 0.6940%

Explanation:

THe Yield to Maturity (YTM) is the return that you expect from the bond if you held the bond till maturity.

The formula would go as:

YTM = $\frac{F}{P}^{\frac{1}{n}} -1$

Where

F is the face value, or par value

P is the current price

n is the time period, maturity period

Given,

F = 1000

P = 920

n = 12, we have:

YTM = $\frac{F}{P}^{\frac{1}{n}} -1 = \frac{1000}{920}^{\frac{1}{12}} -1=0.006972$

Thus, the yield to maturity would be:

YTM = 0.6940%

5 0

3 years ago

Which of the following is true of email?

Oliga [24]

Answer:D

Explanation:

7 0

2 years ago