What is complement good? What is a substitute good?

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

See More Books

Posted Date: Apr 02, 2019 10:22 AM

See More Questions

Can a good be both a complement and a substitute at the same time? If so, provide an example. If not, explain why.
What is the difference between the twos complement representation of a number and the twos complement of a number?
Give an example of a complement and a substitute in consumption for each of the following items. a. Bacon b. Tennis racquets c. Coffee d. Automobiles
A nutritionist at the Food and Drug Administration is studying the effects of cereal marketing on family meal choices. In particular, she would like to understand how cereal manufacturers market...
Perfect Ponds Incorporated is a backyard pond design and installation company. The company was incorporated during 2014, with 1 million common shares, and 50,000 preferred shares with a $3 dividend...
a. Form groups of 2. Each person is to spend a couple of minutes thinking of a time in the past when he or she was emotional about something. Examples might include being upset with a parent,...
How are the roles of management and those charged with governance defined?
On January 1, 2017, Lock Corporation issued $1,800,000 face value, 5%, 10-year bonds at $1,667,518. This price resulted in an effective-interest rate of 6% on the bonds. Lock uses the...
Beverly Frost bought a home for $190,000 with a down payment of $19,000 at 7% for 25 years. Since then the rate has risen to 9%. How much more would her monthly payment be if she bought the house at...
The following cross tabulation shows the average speed of the 25 winners by year of the Daytona 500 automobile race (The 2013 World Almanac). a. Calculate the row percentages. b. W hat is the...
Given the following truck freight rate tariff (in lbs/cwt from Toronto), what is the freight charge for a shipment weighing 8500 lb going to London? Location Min Cambridge 50.00 Kitchener 55.00 Fort...
Think of and then list all of the items that you think should be included in a new employee onboarding. Briefly justify why each item should be included.
Would you rather be given the opportunity to receive incentives based on individual performance or group performance? Does it depend on the situation? Why?
Which option for compensation would you want if you were assigned by your company to work in another country? Why?
Do you agree with the statement that in any economy, individuals are the net supplier of funds? What do you think will happen to financial markets if all individuals decide to consume more and not...
If you were the HR manager, would you ever consider sending someone to work in another country without providing them with cultural training? If so, in what circumstances?
Many executives own shares in the companies they manage and are also in high tax brackets. When faced with the choice between declaring dividends and repurchasing shares, managers may opt to...
The following information is available for Partin Company: Sales $598,000 Sales Returns and Allowances 20,000 Cost of Goods Sold 398,000 Selling Expense 69,000 Administrative Expense 25,000 Interest...
Explain the impact of a tri-racial system on societal perceptions of race and ethnicity. Provide specific examples. Separately analyze the impact of race, power, and wealth on people's perceptions of...
The diagram below displays short-run cost curves for a facility that produces liquid crystal display (LCD) screens for cell-phones: a. What are the daily total fixed costs of producing LCD screens?...
Consider the estimates that the World Bank has assembled for the following nations: Rank the nations in order starting with the one you would expect to have the highest rate of economic growth, other...
Classify each of the following as an example of direct, interactive, and/or mass marketing. a. A cosmetics firm pays for full-page display ads in a number of top women's magazines. b. A magazine...
Net profit is calculated in the (A) Trading account (B) Profit and loss account (C) Trial balance (D) Statement of financial position
Gross profit is (A) Excess of sales over cost of goods sold (B) Sales less purchases (C) Cost of goods sold + opening inventory (D) Net profit less expenses of the period
To find the value of closing inventory at the end of a period we (A) Do this by physically counting the inventory (i.e. stocktaking) (B) Look in the inventory account (C) Deduct opening inventory...

What is complement good? What is a substitute good?

Question:

Expert Answer:

A compliment good is one the demand for which is directly related to the demand of the other ... View the full answer

Economics Today

Students also viewed these finance questions