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Masteriza [31]
3 years ago
7

Airline travel and car rentals are complement goods. What happens first when

Business
1 answer:
LenaWriter [7]3 years ago
7 0

Answer:

D. The quantity of car rentals demanded goes up.

Explanation:

Complimentary goods are products that are used together. If Airline travel and car rentals are complementary goods, it means the two products must be used together. Either of the products will not add much value to the customer if purchased alone.  

Complimentary products have a joint demand. An increase in demand for one good leads to an increase in demand for the other product. If the demand for Airline travel rises, the demand for car rentals also increases. A decrease in demand will have similar effects.

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(Last word) which market structure best characterizes the various internet markets?
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The answer to the given question above is option A. Differentiated oligopoly is the market structure that best describes different internet markets. When we say differentiated oligopoly, this is when different markets produce the same product but make a slight difference in order to differ their prices. Hope this helps.
6 0
3 years ago
All else equal, if there are diminishing returns, then which of the following is true if a country increases its capital by one
Romashka [77]

Answer:

A.

The output will rise by more than it did when the previous unit was added.

Explanation:

7 0
2 years ago
An inventory pricing procedure in which the oldest costs incurred rarely have an effect on the ending inventory valuation is:
laila [671]

Answer:

First in, first out (FIFO)

Explanation:

In FIFO,  the assets produced or acquired first are sold, used or disposed of first and may be used by an individual or a corporation. So , since the newer costs are more relevant , the oldest cost won't affect the ending valuation.

5 0
3 years ago
If a war destroys a large portion of a country's capital stock but the saving rate is unchanged, the Solow model predicts that o
Ksenya-84 [330]

Answer:

B) the same level of output per person as before.

Explanation:

In the Solow growth model, the economy reaches a steady state level of capital regardless of the starting level of capital. This steady state occurs when capital per worker is constant. Therefore after the war, the level of output should return to its normal level since the savings rate is constant and hasn't changed. This model assumes that a constant fraction of capital will always wear out, increasing the capital-labor ratio, therefore the population must grow or new technologies must be introduced to reach the steady state.

6 0
3 years ago
Larry owns a successful business called Super Car-Hire. He plans to sell it to Bob. Bob assumes that he can keep up the high rev
Lubov Fominskaja [6]

Answer:

B is the correct option.

Explanation:

This principle follows the assumption that a company will remain in business in the future. It means that the business will not have to halt operations or to liquidate the assets in the future. According to this principle, the accountant postpones the recognition of some expenses till a later period, and in that period the company will be in business will be effectively using the assets. It is a very important concept, without this, the company will not be able to prepay the expenses.

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