Fill in the blanks with an appropriate suggestion for the following.

(i) If there is no trade-off involved when we get a good, then it is called a _______________ good.

(ii) If expected future price falls for a good, it's current demand _____________________ .

(iii) Pencil and erasers are a pair of ___________________goods for consumers

Expert Solution

i) Public good - Public goods are goods which have no trade-off since it is available to all and consumption by one individual does not exclude someone else from consuming it. No rivarly in nature.

ii) Decreases - If you expect future price to fall for a good then you'd like to consume less of it in the present and wait to buy more of it in the future when the price falls according to your expectation.

iii) Complementary goods - Pencils and erasers are complementary pair of goods in nature since the use of one inflicts the use of the other as well. If the demand for Pencils increases then demand for erasers should also increase since consumers buy them as a bundle mostly.

Rahul Sunny answered 1 year ago

I. Fill in Blank / Matching Fill in the blanks with the appropriate terms below. (2...

I. Fill in Blank / Matching Fill in the blanks with the appropriate terms below. (2 pts. each = 20 pts.) activity chemical resonance polychromatic empirical electrons evaporation emission filtration filtrate gas hydrogen VESPR limiting liquid mass mass percent mole molecular oxide absorption oxygen physical precipitate precipitation monochromatic Lewis Dot supernatant periods groups Many metals react readily with oxygen to form binary ____________ compounds. ...

Fill in the blanks: Consider the following equilibrium and fill in the blanks with either increase...

Fill in the blanks: Consider the following equilibrium and fill in the blanks with either increase or decrease. I2(s) + 5F2(g) ⇌ 2IF5(g) A decrease in volume results in a Blank 1 in pressure which will Blank 2 the amount of IF5.

Problem: Consider each of the following situations independently. Fill in the blanks with the appropriate information....

Problem: Consider each of the following situations independently. Fill in the blanks with the appropriate information. 1. selling price per unit Variable cost percentage number of units sold total contribution margin Total fixed costs Net Income (Loss) $90.00 20,000 $750,000 ($30,000) 2. Number of Units sold Total Variable Cost Variable Cost percentage Total Contribution Margin Total Fixed Costs Net Income (Loss) 1,800 30% $756,000 $54,000 3. Selling Price per unit Total Sales Number of Units Sold Variable Cost per unit...

Fill in all the remaining blanks in the table below and fill out the appropriate formula each.

Fill in all the remaining blanks in the table below and fill out the appropriate formula each.Residual maturityResidual MaturityInterest rate of Zero coupon bondPrice of Zero Coupon Bondone-year intrinsic forward interest ratepar yield18.00%27.00%36.00%

Fill in the blanks on the following table

Fill in the blanks on the following tableE&pshareholder basisdistributiondividendreturn of capitalcapital gain20,000300,00080,000120,00010,000170,000220,000100,000170,00020,000080,000<20,000>50,000170,000

Contribution Margin approach Problem: Consider the following situation independently. Fill in the blanks with the appropriate...

Contribution Margin approach Problem: Consider the following situation independently. Fill in the blanks with the appropriate information. number of units sold total sales number of units sold variable cost per unit contribution margin percentage total fixed costs net income return on sales (NI/Sales) $20.00 58% $80,000 8%

Fill in the blanks with appropriate numbers: A compression test was conducted on three of 100...

Fill in the blanks with appropriate numbers: A compression test was conducted on three of 100 x 200 mm cylindrical concrete specimens. Failure loads were 280 kN, 250 kN and 275 kN. The compressive strength of the concrete is:___________±________ MPa

Fill in the blanks in each of the following statements

Fill in the blanks in each of the following statementsa) --------- allows you to build JavaFx GUIS using drag and drop techniques.b) The elements in the scene graph are called --------------c) A(n) ----------- file contains the description of a JavaFX GUI.d) The method ---------------- is called by FMXLLoader before the GUI is displayed

Fill in the blanks to complete the following table.

Fill in the blanks to complete the following table.SymbolIon FormedNumber of Electrons in IonNumber of Protons in IonF__________9Te_____54_____II−_______________Mg2+_____12Part AComplete the first column of the table.Express your answer as a chemical symbol.Part BComplete the second column of the table.Express your answer as ions. Enter your answers in order given in the table, from top to bottom, separated by a comma.Part CComplete the third column of the table.Express your answer as integers. Enter your answers in order given in the table, from...

C++ Fill in the blanks please You are required to fill in the blanks in this...

C++ Fill in the blanks please You are required to fill in the blanks in this program. Consider that: -In main, the variables price and quantity were given the names of p (double) and q (int), respectively. -In the getData function, the parameters associated with the main variables p and q were called pp and pq, respectively. // Prototype: Do not include the names // of the variables in the prototype void getData (FILLTHEBLANK , FILLTHEBLANK); int main () {...

Question