--%>
Assignment Help - homework help

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.

   Related Questions in Microeconomics

  • Q : Complementary goods problem When a

    When a price cut for licorice gummy bears decreases the demand for tuna fish ice cream, then: (i) tuna fish ice cream and licorice gummy bears are both complementary goods. (ii) Price scrambles for tuna fish ice cream will diminish the demand for licorice gummy bears.

    		•
  • Q : Problem on organizing the business The

    The individual who wants to begin up a business, however who not want to risk in losing personal property if the business fails, must organizes the business as: (1) Sole proprietorship. (2) Partnership. (3) Corporation. (4) Unlimited partnership.

    Q : Determining type of good An increase in

    An increase in the income of Consumer X leads to fall in demand for that good by that consumer. Name the good X termed? Answer: Inferior good

    		•
  • Q : Changes in Household Demand The changes

    The changes in a household’s tastes most directly influence the families: (1) Number of members. (2) Demands for goods. (3) Total wealth. (4) Income constraint. Can someone please help me in finding out the a

    		•
  • Q : Changing in strategy and behaviour

    Within the kinked demand curve model, when one firm: (1) advertises better quality, its rivals will do nothing. (2) raises its price, its rivals will also increase prices. (3) increases its output level, when its rivals will do nothing. (4) lowers its

    		•
  • Q : Probable demand to be least price

    Of the given, the good for that demand is probable to be least price elastic is: (i) electricity used to light downtown streets. (ii) airline tickets in late December. (iii) Bic pens. (iv) chocolate milk. (v) Merit cigarettes.

    Q : Relationship between Total utility and

    Describe the relationship between Total utility (TU) and Marginal utility (MU)? Answer:

    Q : Monopolistic competition and oligopoly

    One of my friends can't succeed to get the solution of this question. Give me solution of this question. Under what circumstances can monopolistic competition and oligopoly describe stable prices?

    		•
  • Q : Economic profit at profit-maximizing

    HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. When HoloIMAGine produces its profit-maximizing output, this is demonstrated as: (w) operating in the long run. (x) realizing an economic profit equ

    		•
  • Q : Applied Writing must use graphs to

    must use graphs to demonstrate/support answers where available. Submission is to be made tonight, so needs to be finished urgently

    		•