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lina2011 [118]
3 years ago
9

Suppose that Ariana consumes two goods, coffee and textbooks. Both are normal goods. Suppose the price of textbooks decreases, w

hile the price of coffee remains unchanged. The income effect by itself suggests that Ariana will consume
Use letters in alphabetical order to select optionsA) Less coffee and fewer textbooks.B) More coffee and more textbooks.C) More coffee and fewer textbooks.D) Less coffee and more textbooks.
Business
2 answers:
drek231 [11]3 years ago
5 0

Answer:

D

Explanation:

marta [7]3 years ago
4 0

Answer:

The correct answer here would be option D) more of textbooks would be consumed and less of coffee would be consumed.

Explanation:

In economics, substitution effect refers to a situation where there is change in demand of one good in response to the change in price of other goods. Same situation is taking place here as now the price of textbooks have decreased , Ariana will now look to consume more of textbooks and less of coffee.

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Explain the economic circular flow of activity. Create a graphic that describes how his circular flow of economic activity works
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I am not really sure sorry..........
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Does anyone know how much baby bows/hat cost?
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It depends on size and brand they can very from 3.99-30.00
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Oliver Industries is evaluating the manufacturing process for one of their products. Oliver has determined that the process has
kifflom [539]

Answer:

b) has sunk costs of exist6,000.

Explanation:

The cost which already been incurred and does not effect the decision being made. This cost is prospective cost. It can be avoided in decision making process.

Sunk Cost

Upgradation of Equipment = $6,000

Other cost are the routine costs which incur every year and future cost which is expected to be incur.

6 0
3 years ago
Which of the following would have the least amount of influence on a manager's choice of whichinputs to employ in a production p
love history [14]

Answer:

The least important is the Option A "The price of a competitor's output". It has no influence in the decision of the manager about the inputs in the production process. The choice of inputs will depend on the technology, prices of the inputs and their marginal productivities.

Explanation:

The least important is the Option A "The price of a competitor's output". It has no influence in the decision of the manager about the inputs in the production process. The choice of inputs will depend on the technology, prices of the inputs and their marginal productivities.

Option B: The technology of the production process could affect the decision about the inputs employed because they are closely related.

Option C: The marginal productivity affect the decision about the inputs because it determines how the productivity can be maximized.

Option D: The prices of the inputs affect the decision because low price inputs (related with their marginal productivity) will be prefer to the high price inputs.

6 0
3 years ago
Assume you can earn 9 % per year on your investments. a. If you invest $ 100 comma 000 for retirement at age​ 30, how much will
alekssr [168]

Answer:

(a) future value = $2041396.79

(b) future value = $862308.06

(c) financially suggest to invest early so that here amount  fetch maximum returns

Explanation:

given data

rate = 9%

solution

when we invest = $100,000

time t = 35 year

so we get here future value FV

FV = Present value × (1+r)^{t}  ...................1

FV = $100,000 × (1+0.09)^{35}  

FV = $2041396.79

and

when time will be 25 year

future value will be

FV =  Present value × (1+r)^{t} .................2

Fv = $100,000 × (1+0.09)^{25}

FV = $862308.06

and

we can see difference is large because of the compounding effect

so  the financially suggest to invest early so that here amount  fetch maximum returns

6 0
3 years ago
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