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

  What are the potential implications of globalization without

What are the potential implications of globalization without consideration of cultural differences on ethical issues?  Cite specific examples.

  What is the probability that the sample proportion p

What is the sampling distribution of p ? for this study? What is the probability that the sample proportion p?

  Production function short-run-long-run production function

The table below represents the production function for Hawg Wild, a small catering company specializing in barbecued pork. The numbers in the cells represent the number of customers that can be served with various combinations of labor and capital.

  Find out an expression for her marginal cost

find out an expression for her marginal cost and her average cost per patch of grass as a function of the amount of grass she gets from every patch

  Does company has the potential to reap enormous gains

A Bristish pharmaceutical company spent several years and considerable funds on the development of a treatment for HIV patients. Now,with the protection afforded by patent rights,the company has the potential to reap enormous gains.

  Describe if the demand for the following products is price

Describe if the demand for the following products is price elastic or price inelastic, and explain your answer.

  Transition in the formerly planned socialist economic system

A major problem for the implementation of privatization during the early years of transition in the formerly planned socialist economic systems has been

  Why perfectly competitive firm marginal revenue exceeds

Assume , at its present rate of output, a perfectly competitive firm's marginal revenue exceeds both its marginal cost and its average variable cost. To maximize profit, the firm should.

  Consider the marginal cost for a product

Consider the marginal cost for a product like Microsoft Windows 8. How does the marginal cost for a product like this differ from a product like automobiles? What relevance might there be to this difference?

  Explain what is the maximum amount of new loans

Explain what is the maximum amount of new loans that this bank can make. Show in column 1 how the bank's balance sheet will appear after the bank has lent this additional amount.

  What happened to the debt that was based on the drachma

When a country, say Greece, adopted the Euro as its currency, what happened to the debt that was based on the Drachma? Was it converted into Euros?

  Calculate elasticity of supply when increase in demand cause

Calculate the elasticity of supply when an increase in demand causes the equilibrium price and quantity to change from $2.00 and 500 to $2.80 and 1,000, respectively.

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