Classify the following pairs of goods and services as substitutes in production, complements in production, or neither.
Question:
a. Bottled water and health club memberships
b. French fries and baked potatoes
c. Leather purses and leather shoes
d. Hybrids and SUVs
e. Diet coke and regular coke
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
a Bottled water and health club memberships are neither substitutes in pr...View the full answer
Answered By
Aidelyn Dela Peña
I have been teaching students in the public for more than 8 years now. It is so fulfilling as a teacher to know that your students have learned massively from you in any subject area since I specialized in general education. While having time off from face-to-face teaching due to pandemic, I endeavored in tutoring students online who specifically need assistance in English and Writing. As a former CourseHero Tutor, I have guided students to learn basic and general skills required in answering their homework in English, Writing, Math, Algebra, Ecological Science, Environmental Science and History. Moreover, I had consistently received helpful ratings on the platform and have accumulated a general average of 87% performance as a tutor expert.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
State whether the following pairs of goods are complements, or substitutes, or both. (L03) a. Washing machines and dryers. b. Tennis rackets and tennis balls. c. Ice cream and chocolate. d. Cloth...
-
Which of the following pairs of goods are complements and which are substitutes? Are the goods that are substitutes likely to be perfect substitutes for some or all consumers? a. A popular novel and...
-
For each of the following pairs of goods, which good would you expect to have more elastic demand and why? a. required textbooks or mystery novels b. Beethoven recordings or classical music...
-
How do tax rules affect accounting rules and practice in some countries?
-
Researchers at National Semiconductor experimented with tin-lead solder bumps used to manufacture silicon wafer integrated circuit chips (International Wafer Level Packaging Conference, Nov. 34,...
-
Assume that a firm trades on both the Frankfurt Stock Exchange in Germany and on the New York Stock Exchange in the US. On the Frankfurt bourse, it closed at a price of 51.05. On the same day, the...
-
The price of a bond issued by C & M plc is 85.50 per cent of par value. The bond will pay an annual 8.5 per cent coupon until maturity (the next coupon will be paid in one year). The bond matures in...
-
The following items (in millions) pertain to Chester Corporation: Chesters manufacturing costing system uses a three-part classification of direct materials, direct manufacturing labor, and...
-
A 4-DOF robot arm was shown in the figure 1. For this robot: a) Assign coordinate frames based on the D-H representation. b) Fill out the D-H parameters table. c) Find the link transformation matrix...
-
Teachers Retirement System of the City of New York offers several types of investments for its members. Among the choices are investments with fixed and variable rates of return. There are several...
-
Think about the demand for the three game consoles: Xbox, PS3, and Wii. Explain the effect of the following events on the demand for Xbox games and the quantity of Xbox games demanded, other things...
-
As the prices of homes fell across the United States in 2008, the number of homes offered for sale decreased. a. Does this fact illustrate the law of demand or the law of supply? Explain your answer....
-
In 2008, Chevron reported net income of $23.9 billion, $5.4 billion of which was income recognized on investments in affiliate companies accounted for under the equity method. In that same year,...
-
You have decided to manage the performance of your restaurant managers at all locations. Select any one method covered today and provide your rationale. What key performance criteria you would...
-
Solve the equation. 3(3 + 3x) = 8(x-2)
-
arrange these stores largest to smaller in terms of average square feet of selling space: small format specialty department stores large format specialty mass merchandiser drug store
-
What are the four foundational blocks of the digital economy? How do data and digital technologies play a role in enabling digital business models? What are different digital business models,...
-
Chantal is the HR Manager for her company and she is looking to determine the HR demand of production staff for next year. Chantal begins by comparing the company's current sales with the number of...
-
Find the perimeter of the triangle. Round to the nearest tenth. 29 44
-
Determine by direct integration the values of x for the two volumes obtained by passing a vertical cutting plane through the given shape of Fig. 5.21. The cutting plane is parallel to the base of the...
-
Why is opportunity cost a ratio?
-
Why does the PPF bow outward and what does that imply about the relationship between opportunity cost and the quantity produced?
-
What is marginal cost? How is it measured?
-
Your company is contemplating replacing their current fleet of delivery vehicles with Nissan NV vans. You will be replacing 5 fully- depreciated vans, which you think you can sell for $4,200 a piece...
-
The following spreadsheet contains monthly returns for Cola Co and Gas Co. for 2022: Using these data, estimate the average monthly return and the volatility for each stock. The average monthly...
-
points X Rate of Return if State Occurs 2 Recession Normal Boom Probability of State of State of Economy Stock A Stock B Economy 0.15 0.09 0.16 0.55 0.18 0.17 0.30 0.21 0.21 00:50:36 Stock A Stock B...
Study smarter with the SolutionInn App