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Juliette [100K]
3 years ago
5

Substitutes have a(n): Please choose the correct answer from the following choices, and then select the submit answer button. in

come elasticity of demand greater than 1. negative cross elasticity of demand. Incorrect: zero cross elasticity of demand. zero cross elasticity of demand. positive cross elasticity of demand.
Business
1 answer:
hjlf3 years ago
3 0

Answer: positive cross elasticity of demand.

   

Explanation: In simple words, cross elasticity refers to the degree of change in the demand of a good with respect to change in the price of another goods.

In case of substitute goods, one good can easily be used in the place of another good. Thus, if the price of one good increases the demand for its substitute good also increases.

Hence from the above we can conclude that substitute goods have positive cross elasticity.

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To address the widespread and growing concern of contaminated food causing serious injury and death to individuals throughout th
MAVERICK [17]

<u>Answer: </u>

By implementing the food safety compliance policy, the food company would only make sure that the food they have given is safely consumable, but by putting consumer safety first, the companies would go beyond the attempts to avoid fine and take special measures to ensure true safety of the consumers.

<u>Explanation: </u>

  • Though the Food and Drug Administration of the United States bears the responsibility of food safety and is accountable towards both, the public and the government, it would not be possible without the cooperation of the food companies to ensure utter food safety for the public.
  • With stringent supervision and the companies sticking to the norms and regulations put by the supervising agencies, it would be possible to eradicate the problems caused by food contamination.
8 0
3 years ago
Total fixed costs are $60,000. Marketing data indicate that the company can sell up to 8000 units of the Bedford Lamp and up to
Mrac [35]

Answer:

____8,000____units of Bedford lamp and ____4,000_______units of Lowell Lamp

Explanation

8,000 units of Bedford lamp X 2 machine hours = 16,000 machine hours.

4,000 units of Lowell lamp X 4 machine hours = 8,000 machine hours.

7 0
3 years ago
Read 2 more answers
In what way(s) do private loans differ from federal loans? interest rates are based on credit history fewer repayment options co
seraphim [82]

<u>All answers are correct</u><u>  is the correct option .</u>

What is the advantage of federal loans over private loans?

  • Private loans and some credit card interest rates are frequently significantly more expensive than the fixed interest rate. Look up the APRs for federal student loans right now.
  • The interest rate is predetermined and may be significantly less than those for some credit cards and private loans.

What distinguishes private loans from federal loans?

The main distinction between federal and private loans is that federal loans are provided by the government, whereas private loans are provided by banks, credit unions, and other financial institutions.

Learn more about federal loans

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4 0
2 years ago
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in t
Alisiya [41]

Answer:

$48,200

Explanation:

The computation of the direct material cost for the month of May is shown below:

Direct materials cost = Beginning raw materials inventory + purchases made  - Ending balance of raw materials - Indirect materials

= $24,000 + $71,000 - $44,000 - $2,800

= $48,200

Hence, the direct material cost for the month of May is $48,200

3 0
3 years ago
Alton Company produces metal belts. During the current month, the company incurred the following product costs: Raw materials $1
Dimas [21]

Answer:

Total indirect product costs                        $30,750

Explanation:

The indirect product costs refer to all the costs that are associated with the manufacturing overheads and can be calculated as follows:

Electricity used in the Factory                   $25,000

Factory foreperson salary                          $3,750

Maintenance of factory machinery            $2,000

Total indirect product costs                        $30,750

7 0
3 years ago
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