Determining Substitution products

When a price hike for Big Gulps of GlugaChug from $1 to $2 improves sales of dehydrated water from 50 to 100 kegs, then the dehydrated water and GlugaChug are: (1) Joint outputs in the production. (2) Complements. (3) Substitutes. (4) Mixed resource alternatives.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Roles Play by Entrepreneurs Innovating

Innovating new technologies and products when bearing risks and uncertainty is amongst the roles played by: (1) bureaucrats. (2) entrepreneurs. (3) monopolists. (4) politicians. (5) inventors. How can I solve my Economics <

Q : Needs Standard for Income Distribution

The needs standard for income distribution would certainly involve: (w) difficulty in the measurement of productivity. (x) an enormous bureaucracy. (y) greater incentives for production than the contribution standard. (z) economic ef

Q : Needs a goal of maximizing by

The long run survival of a purely-competitive firm needs a goal of maximizing: (i) managerial salaries. (ii) total costs. (iii) economic profits. (iv) total revenue. (v) fixed costs to minimize variable costs. How

Q : Ac illustrate a firm under monopolistic

illustrate a firm under monopolistic competition?

Q : Vietnam divided into two different

Why Vietnam divided into two different nations?

Q : Lowering price of units selling A

A monopolist which does not price discriminate faces a marginal revenue curve which slopes down quicker than its demand curve since: (w) economies of scale are significant. (x) selling more needs lowering the price of

Q : What is APC What is APC ? Answer : APC=

What is APC? Answer: APC= C/Y.The ratio of income to consumption is termed as APC.

Q : Needs by marginal revenue equals to

A monopolist produces where marginal revenue [MR] equals marginal costs [MC] when it needs to maximize: (i) total revenue. (ii) consumer surplus. (iii) profits. (iv) total revenue, producer surplus and profits. (v) job security.

Q : Define Marginal Cost or MC Define

Define Marginal Cost and also its functions?

Q : Effect of an increase in the price

Which of the following diagrams depictes(s) the effect of an increase in the price of Budweiser beer on the market for Coors beer? A) A and C. B) A only. C) B only. D) C only. 190_gh.pn</span></p>
</div>

</li>

</td>
</tr>
</table>

</ul>

</div>
</div>
<div class=

Discover Q & A

Leading Solution Library

Avail More Than 1437793 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1961432
Asked

3,689

Active Tutors

1437793

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment