Examples of substitute goods

Assignment Help Business Economics
Reference no: EM13802665

Which of the below are examples of substitute goods

A. Butter and oil

B. Bottled water and tap water

C. pencils and paper

D. All could potentially be substitute good depending on the preference of the buyer

E. None of the above could be substitute goods

Reference no: EM13802665

Questions Cloud

Environment-school-neighborhood-family : Consider a network you are a part of. This could be your work environment, school, neighborhood, family, or your online social network.
Analyze how the chart and pseudocode was created : Fill in the following table by walking through the logic above.The idea is to analyze how the chart and pseudocode was created, because you will be doing this in a few minutes
Consider the market for peanut butter : Consider the market for peanut butter. If there is an increase in the price of bread ( a complement for peanut butter) along with a drought in peanut growing areas, the
Explain the role of the data dictionary and the dbms : Explain the role of the data dictionary and the DBMS?Define the difference between the database and the database management system.
Examples of substitute goods : Which of the below are examples of substitute goods
Motivating and involving people in organisational change : What motivates you to succeed at your work - how do you define a productive day and what things do you consider important in motivating and involving people in organisational change?
Identify key operating metrics to focus attention on import : Develop a business operations plan including location, facilities, equipment, technology, and operational controls. Identify key operating metrics to focus attention on important day-to-day issues.
When external costs are present : When external costs are present
If a firm adopts a production process : If a firm adopts a production process that is costly in order to reduce pollution, the results

Reviews

Write a Review

Business Economics Questions & Answers

  Substantive ways in which herb and renee may use

From the scenario, suggest substantive ways in which Herb and Renee may use the information in the table in order to ascertain the profit maximizing level of output and price. Provide a rationale for your decision.

  The town of cuomoville

If planned aggregate expenditure (PAE) in an economy equals 2,000 + 0.48Y and potential output (Y*) equals 4,000, then this economy.

  Key things which make your matter interesting

Describe your matter, with a brief summary of the key things which make your matter interesting. Illustrate what are the key positive also normative questions surrounding your matter.

  Illustrate how do these two relate to each other

Illustrate how do these two relate to each other in the Circular Flow Economy and to the Government and Foreign Sector components? How does all this fit on a Wheel of Income.

  What is the least-cost input-combination of labor

what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?

  Find the monopolists profit-maximizing quantity

A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/20,000, making the marginal revenue MR=1.70-Q/10,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. So, the total cost is..

  Q1 labor costs 12 per hour nine workers produce 180 bushels

q1. labor costs 12 per hour. nine workers produce 180 bushels of product per hour whereas 10 workers produce 196

  Markets generic type of soft drink in a competitive market

You are the manager of a firm which produces also markets generic type of soft drink in a competitive market.

  Application of the harrod-domar model

In an application of the Harrod-Domar model, suppose the only final-goods industry in a country is the making of cotton shirts. The factories, machinery and warehouses used in production were purchased previously and are still worth $3 billion. Each ..

  Consider a market for online movie rentals

Consider a market for online movie rentals. The market supply curve slopes upward, the market demand curve slopes downward, and the equilibrium rental price equals $3.50. Consider each of the following events, and discuss the effects they will have o..

  Decrease in quantity demanded

A particular good, an 8 percent increase in price causes a 12 percent decrease in quantity demanded. Which of the following statements is most likely applicable to this good?

  Most people feel health care is priceless however health

most people feel health care is priceless however health care comes with a steep cost. what factors must be considered

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd