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natka813 [3]
3 years ago
11

A substitute good is one that_________.

Business
1 answer:
melamori03 [73]3 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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The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected
Lelu [443]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The dinner-dance committee has assembled the following expected costs for the event:

Dinner (per person) $ 18

Favors and program (per person) $ 2

Band $ 2,800

Rental of ballroom $ 900

Professional entertainment during intermission $ 1,000

Tickets and advertising $ 1,300

The committee members would like to charge $35 per person.

1) Break-even point= fixed costs/ contribution margin

Break-evenn point= (Band+rental+professional entertainment+tickets)/[price - (dinner+favors)]

Break-even point= 6000/(35-20)= 400 individuals

2) Q= 300    P=?

300=6000/(P-20)

300*(P-20)= 6000

300P=12000

P=$40

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3 years ago
Help ;-; Just the highlighted
zubka84 [21]
I cant see anything at all and my eyes hurt
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Dragon express inc. just paid a $1.57 dividend and investors expect that dividend to grow by 5% each year forever. if the requir
Elena-2011 [213]

To solve this problem, we will use a valuation method named income valuation includes discounting of the profits the stock will carry to the stockholder in the probable future, and a final value on disposal.

Solution:

1.57 (1.05) / (.14 - .05)

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6 0
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What is one course of action available in every problem solving process
Sonja [21]
Choose to do nothing about the problem is always a course of action.
4 0
3 years ago
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Coastharp, a furniture e-commerce website, allows its customers to book one-hour slots during which they wish to get their furni
FinnZ [79.3K]

Answer:

b

Explanation:

Form utility is a type of nullity that occurs as a result of the design of the product or service itself.

Time utility exists when a company makes a good or service available to consumers at the time that is most desirable or convenient for them.

Possession utility is utility derived from owning a product

7 0
3 years ago
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