1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kotykmax [81]
3 years ago
10

Brady, who has ordinary-shaped indifference curves, buys 16 ounces of salt each year. Even when the price of salt doubles, Brady

continues to purchase exactly 16 ounces.
To help you answer this question, it may be helpful to use indifference curves and budget constraints to depict Brady's behavior graphically on a sheet of paper.

Which of the following statements is true?

a. Salt is an inferior good for Brady since the income effect is positive.
b. Salt is a normal good for Brady since the income effect is negative.
c. Salt is an inferior good for Brady since the income effect is positive.
d. Salt is a normal good for Brady since the income effect is positive.
Business
1 answer:
NNADVOKAT [17]3 years ago
5 0

Answer:

No option is correct, but I believe that one option was not copied appropriately since A and C are the same (although both are wrong).

The correct answer is Salt is an inferior good for Brady since the income effect is negative.

Explanation:

Brady's demand for salt is perfectly inelastic, in other words, his demand curve for salt is vertical since no matter the price, he always purchases the same amount.

Salt is an inferior good for Brady since the income effect is negative. He will continue to buy salt regardless of its price.

You might be interested in
Complete the following table by indicating whether or not each scenario is an example of price discrimination. A local boutique
padilas [110]

Answer:

Consider the following calculations

Explanation:

1. No price discrimination.The shop is not charging different price for different quantities.

2. Price discrimination as only last minute tickets can be purchased as a discounted price and are only for seats not to be sold at the performance day.

3 0
4 years ago
_______best tip of the waiter a.attitude b.gratitide c.money d.foods​
Drupady [299]

Answer:

Gratititude, because attitude is nice but not the best, money doesn't buy happiness, and the waiter serves YOU food.

6 0
3 years ago
Read 2 more answers
When a product reaches the decline stage of the product life cycle, a firm has two choices. One choice involves product deletion
damaskus [11]

Answer: (E) Harvesting

Explanation:

 The harvesting is one of the type of marketing strategy that retain the goods and the services in the production line and also reduces the market cost or spending on the specific products.

The harvesting strategy is also known as the exist strategy in the market and the main objective of the harvesting strategy is that it maximize the product profits and also has the opportunity for trading in an organization for distributing the shares.

Therefore, Option (E) is correct.  

6 0
3 years ago
When bonds are issued at a discount and the effective interest method is used for amortization, at each subsequent interest paym
Sladkaya [172]

Question Completion:

A. More than the effective interest.

B. Less than the effective interest.

C. Equal to the effective interest.

D. More than if the bonds had been sold at a premium

Answer:

When bonds are issued at a discount and the effective interest method is used for amortization, at each subsequent interest payment date, the cash paid is:

B. Less than the effective interest.

Explanation:

This cash payment is the product of the bond's face value multiplied by the coupon rate.  The interest expense is increased by the amortized portion of the discount for the particular period.  This means that the interest expense will be higher than the cash payment for interest because of the discount granted at issuance.  And the interest expense is the product of the outstanding debt multiplied by the effective interest rate.

8 0
3 years ago
What are 3 advantages of going to trade/vocational schools after high school?
svetlana [45]

Answer:

1 It is a form of entertainment

2 you can dedicate time to your passions

3 they're helpful for your mental health

6 0
3 years ago
Other questions:
  • Sunland Inc. has conducted the following analysis related to its product lines, using a traditional costing system (volume-based
    9·1 answer
  • The more _______________ you recieve; the more money you will likely earn in your career.
    14·2 answers
  • Vandezande Inc. is considering the acquisition of a new machine that costs $432,000 and has a useful life of 5 years with no sal
    9·1 answer
  • When John first starts his job, he rides the bus wherever he goes. However, after one year, John receives a promotion and a pay
    7·1 answer
  • In 1908, Thomas Edison united the 10 companies that held all the necessary patents for film production into the Motion Picture P
    6·1 answer
  • You are considering two ways of financing a spring break vacation. You could put it on your credit​ card, at 15 % ​APR, compound
    7·1 answer
  • A firm is about to undertake the manufacture of a product, and is weighing the process configuration options. There are two inte
    6·1 answer
  • This is where labor and other factors of production are sold in the circular flow model of income in economic theory *it’s for e
    14·1 answer
  • Hiiiiiii Gary you know who you are aka my friend
    14·2 answers
  • How to do a research paper?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!