Answer:
D) hamburgers and hot dogs are substitutes.
Explanation:
Option A is incorrect. When the price of one good increases, the demand for other good decreases. It is called complementary goods. In this question, due to the increase in the price of hamburgers, the Ruiz family started taking hot dogs. Therefore, hot dogs price is not increasing. Therefore, it is a substitute good. Substitute goods state that the increase in the price of one good leads to the increase in demand for another good. Therefore, option D is correct.
Normal goods and inferior goods are related to income, so those are not answers.
Answer:
Investment 175
Explanation:
<u>Calcualted from Income:</u>
GDP = C + G + I
350 = 100 + 75 + I
I = 350 - 100 - 75
I = 175
The income comes from consumption, the goverment or through invesment
<u>Calculated from savings: Investment = Savings</u>
Savings = public saving + private savings
Savings = (taxes - gov spending) + (income - consumption - taxes)
Savings = (60 - 75 ) + (350 - 100 - 60)
Savings = -15 + 190 = 175
To invest, we need to save, the public savings is the difference between the taxes colelcted and the gov spending
Then, the private savings are what is left after consuming and paying taxes.
Answer: answer number 2
Explanation: it is the number answer 2 because you first open it then date stamp it and sort then distribute
Competitive advantages are conditions that allow a company or a country to produce a good or a service at equal value but at a lower price or in a more desirable fashion. If a firm is to maintain sustainable competitive advantage, it must control a set of exploitable resources that have four critical characteristics. These resources must be; valuable, rare, imperfectly imitable (tough to imitate) and also they should be non substitutable.
Answer:
Profit can be increased by decreasing production.
Explanation:
Marginal cost is the change in total cost when quantity produced is increased by one extra unit. Marginal revenue is the change in total revenue when quantity produced is increased by one extra unit.
Perfect competition is a market structure where there are many firms with ease of entry and exciting into and out of the market. They producing homogenous products and are price takers.
If marginal costs are higher than marginal revenue, that means that with every extra unit produced, the cost of it is higher than the revenue made from it. Hence, if the firm wants to make higher profits, it can only be done if the firm reduces its production and produces at the quantity where MR = MC. The firm which may have been making very little profit or even a loss can now make normal profits, producing where the MC, AC and MR curves intersect, and D is equal to MR = AR.