Answer:
It means that tangerines are a substitute good to bananas
Explanation:
Substitute goods are goods that provide the same benefit for the consumer, and therefore, are somewhat interchangeable. When the price of one good rises, then, people flock to the substitutes.
In this case, for Pam, tangerines provide the same benefit as bananas (they are both fruits anyway), and because bananas are now more expensive, she decides to purchase more bananas instead.
Answer:
The correct answer is the following combination: Increase; indefinite change.
Explanation:
To begin with, in the microeconomics theory when it comes to the rise of the price of a product the factors of major impact will be the inputs needed in the production of final good. In this particular case, the fact that the price of the milk has increased it will afect directly the price of the cheese in a matter of going up. And that consequently will afect the quantity demanded by going down. However, due to the fact that now the price of the bagels, a complement of the cheese, has gone down then it is indefinite to known what will happen to the quantity demanded of the cheese due to the fact that this last factor will impact it positively. So in the end, the two situations affect the quantity to a matter of indefinite change.
Answer:
What is the amount of the income or loss from acceptance of the offer?
b. $25,000 loss
Explanation:
If the company has a variable cost of $11 for each unit produced, then the gross margin to cover the fixed cost it's ($16 - $11 = $5), but the company has a fixed cost of $5 for each unit produced, means that the company loss $1 for each unit sold to the exporter.
The the company has a loss of $1 * 25,000 Units= $25,000
The amount of time that is allowed before filing a report with the Michigan Dnr if property damage exceeds $2,.000 is 5 days.
<h3>What is Insurance?</h3>
This refers to the coverage that a product or service has and subscribed for that is covered in the event of theft, loss, or other unforeseen circumstance.
Hence, we can see that in the case of property damage, the maximum amount of time given to file to the Michigan DNR is five days if the damage to the vessel and other property damage totals more than $2,000.
Read more about property insurance here:
brainly.com/question/27421284
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