BUSINESS COLLEGE

Explain the kind of economic goods that are hot dogs and hot dog buns are with respect to each other, and then explain what is likely to happen to the demand for hot dogs when the price for hot dog buns decreases.

Answers

Answer 1
Answer:

Answer:

Compliments

The demand for hot dogs would increase

Explanation:

Compliment goods are goods that are demanded together. Hot dog and hot dog bins are consumed together so they are demanded together. If the demand for hot dog increases, the demand for hot dog buns also increases.

If the price of hot dog buns falls, the demand for hot dog increases.

I hope my answer helps you


Related Questions

HIGH SCHOOL

Describe a time when you form an ongoing working relationship with someone from another team/organization to achieve a mutual goal when it was not easy to do.

Answers

Answer:

Marketing collaboration with a Business Competitor

I once participated in a marketing collaboration with a business competitor, with a focus on increasing the market share of my organization.

To this end, we paid a courtesy visit to ALL key existing and potential clients in the industry, with a focus on positioning our organization for current and future business.

Explanation:

I once participated in a marketing collaboration with a business competitor, with a focus on increasing the market share of my organization.

To this end, we paid a courtesy visit to ALL key existing and potential clients in the industry, with a focus on positioning our organization for current and future business.

HIGH SCHOOL

A​ person's website specializes in the sale of rare or unusual vegetable seeds. He sells packets of​ sweet-pepper seeds for ​$2.16 each and packets of​ hot-pepper seeds for ​$4.24 each. He also offers a 16​-packet mixed pepper assortment combining packets of both types of seeds at ​$3.33 per packet. How many packets of each type of seed are in the​ assortment?

Answers

Answer:

7 packets of  sweet-pepper seeds and 9 packet of hot-pepper seeds.

Explanation:

Let x packets of​ sweet-pepper seeds for ​$2.16 each and y packets of​ hot-pepper seeds for ​$4.24 each are mixed to obtain 16​-packet mixed pepper assortment for ​$3.33 per packet,

i.e. x + y = 16       ..........(1)

Also,

The price of sweet-pepper seeds + price of hot pepper seeds = price of the mixture

⇒ 2.16x + 4.24y = 3.33(x+y)

⇒ 2.16x + 4.24y = 3.33x+3.33y

⇒ 2.16x + 4.24y - 3.33x-3.33y = 0

⇒ −1.17x +0.91y = 0  ........(2)

Equation (2) + 1.17 × equation (1)

0.91y + 1.17y = 18.72

2.08y = 18.72

⇒ y = 9

From equation (1),

x + 9 = 16 ⇒ x = 16 - 9 ⇒ x = 7

Hence, there are 7 packets of  sweet-pepper seeds and 9 packet of hot-pepper seeds.

COLLEGE

The jones company has just completed the third year of a​ five-year macrs recovery period for a piece of equipment it originally purchased for $ 295 comma 000. a. what is the book value of the​ equipment

Answers

Using the straight line method

Depreciation per year
295,000÷5=59,000

Accumulated depreciation for 3 years
59,000×3=177,000

Book value of the equipment
295,000−177,000
=118,000
HIGH SCHOOL

Henry conducted a survey on an ad done by his company. In the survey, he asked people to evaluate the ad and state whether they found it extremely poor, poor, good, very good, or excellent. What kind of test is Henry conducting in this survey? day-after recall test

interview test

rating scale test

open-ended test

Answers

I think the answer is rating scale test! hope this helped 

Rating scale test is the answer...

HIGH SCHOOL

Which job title would be given to someone responsible for supervising production in a manufacturing setting?

Answers

Answer:

Production manager

Explanation:

In the firm or company, the duty of the production manager is to ensure that the manufacturing processes should run efficiently as well as reliably. In short, it means to ensure that the operations are being done through the employees, follow the limitation, which is created in the budget. The production manager will ensure that the firm will accomplish all the objectives by maintaining the profitability at the same time.

The responsibilities of the job involve, organising as well as planning the production, negotiates and create budgets and the timescales with managers and clients.

HIGH SCHOOL

Roberto files his tax return as married filing separately. He has not lived with his wife for over three years. In the current year, by order of the court, he paid her $500 per month for 12 months as separate maintenance. She will have to show $6,000 as alimony income and he will be able to deduct $6000 as an adjustment.

Answers

Answer:

False

Explanation:

Starting 2019, alimony payments and separate maintenance payments cannot be deducted by the spouse that makes the payment, and they should not be included under gross income by the spouse that receives the payment.

The Tax Cuts and Jobs Act changed several things including alimony payments, and this rule will remain at least until 2025.

HIGH SCHOOL

One item every 66 ​minutes, so 8080 items are completed in hishis first dayday of work. hishis manager checks hishis work by randomly selecting anan hourhour of the day commaday, then reviewing all the items hehe completed that hourhour. does this sampling plan result in a random​ sample

Answers

 If each item has an equal chance of being selected, then the sampling plan result in a random​ sample. The manager checks his work by randomly selecting an hour and the items he completed that hour. So, yes, this sampling plain results in random sampling because each item has an equal chance of being selected.
HIGH SCHOOL

Which of the following measures the relationship between cost of merchandise sold and the amount of inventory carried during the period? a.inventory turnover b.fixed asset turnover c.retail method of inventory costing d.gross profit method of inventory costing

Answers

Answer:

The correct answer is A

Explanation:

Inventory turnover is the ratio which shows or states that how many times, the company has sold or replaced the inventory during a stated year or period. This ratio is stated as a formula which is to divide the number of days in the year with the formula of inventory turnover in order to compute the days it will take for selling the inventory.

So, this is the one which tells the relationship among the cost of the merchandise sold and the amount of the inventory which is carried during the year.

COLLEGE

Income Statement Balance Sheet Sales $ 7,900 Current assets $ 3,900 Current liabilities $ 2,100 Costs 5,500 Fixed assets 8,600 Long-term debt 3,700 Taxable income $ 2,400 Equity 6,700 Taxes (25%) 600 Total $ 12,500 Total $ 12,500 Net income $ 1,800 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year’s sales are projected to increase by exactly 15 percent. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

The external financing needed is $318

Explanation:

sales = 7900*1.15 = $9085

costs = 5500*1.15 = $6050

taxable income = $2760

taxes = 2760*25% = $690

dividends = 2070*40% = $828

retained income = net income - dividends

                             = $2070 - $828

                             = $1242

Total assets would be = $12500*1.15

                                     = $14375

Total equity = $6700 + Addition to retained earnings

                    = $6700 + $1242

                    = $7942

Total current liabilities = $2100*1.15

                                     = $2415

Total liabilities = Current liabilities + Long term debt

                         = $2415+ $3700

                        = $6115

Total liabilities and equity =Total liabilities+Equity

                                            = $6115 + $7942

                                           = $14057

Total assets = Total liabilities + Total equity

External financing needed = $14375 - $14057

                                                          = $318

Therefore, The external financing needed is $318.

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