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
slega [8]
2 years ago
15

Jane is a utility-maximizing consumer who is spending her entire budget on the optimal quantity of wallets and eyeglasses. The p

rice of wallets falls. Jane will _____ her consumption of wallets if wallets are a(n) _____ good and the income effect _____ the substitution effect.
a. increase; inferior;
b. is stronger than decrease; inferior;
c. is weaker than decrease; normal;
d. reinforces; increase;
e. normal; reinforces
Social Studies
1 answer:
skad [1K]2 years ago
7 0

Answer:

There is a missing part of the answer in all the options as there are three spaces to fill and only two part of the answers are provided in all the options.

Hence the correct answer would be ---

increase; normal; reinforces      

which may be considered as answer option e). normal; reinforces where 'increase' is missing.

Explanation:

              The utility-maximizing model is a model theory of a consumer which shows how consumers try to allocate their income money. It is believe that every customer is a rational being and try to get the optimized value for their money spent. Consumers' resources are limited so that their incomes are also limited. Consumers have budget constraint.

           According to the Utility Maximization theory, every consumers try to decide to spend their incomes so that the last pie spent on a product  yields an amount which is equal to the extra marginal utility.

           Thus a utility-maximizing consumer, Jane who is spending his income on wallets and eyeglasses will increase the purchased of wallets, when the price of the wall decreases, if the wallets are considered a normal good and the income effect of Jane will reinforces  the substitution effect.

Therefore the answer is ---

increase; normal; reinforces

You might be interested in
Is midnight mass related to haunting of hill house
Irina18 [472]

Answer:

not really sure

Explanation:

3 0
2 years ago
How does rodriguez compare his own attitudes towards reading to his parents' attitudes toward reading?
Grace [21]

Rodriguez compare his own attitudes towards reading to his parents' attitudes toward reading that they are not as intelligent as his teachers.

Paralleling the  Rodriguez's education were the increasing contrary feelings Rodriguez was developing toward his parents. While he did not mean to be hurtful and rude towards them, he found that he was  becoming angry when they did not seem to be with the same capabilities as his teachers have . Moreover  as a student, Rodriguez looked toward his teachers, and not his parents, as the role models for him.

In this way he compared his own attitude as a scholarship boy with his parents.

To know more about Rodriguez here:

brainly.com/question/24393400

#SPJ4

8 0
1 year ago
Read the quotation from Mrs. Z. A. Parker below.
Stels [109]
I believe the answer is option a
3 0
3 years ago
Read 2 more answers
In McCulloch v. Maryland, the Supreme Court provided a broad interpretation of the ______ Clause, giving Congress the authority
julia-pushkina [17]

Answer:

Necessary and Proper Clause [article I, section 8].

3 0
3 years ago
1. How did did government leaders of developing nations first try to modernize their economies?
lutik1710 [3]

Answer: the right answer is government ownership of companies.

Explanation: Most developing countries either nationalize companies or try to make big companies and as a general thing these companies become a political bounty and end up losing money that is transfered to the contributors' pocket. The worst of all is that voters don't have good education and are manipulated and they vote again for bad politicians that do the same thing which becomes a lose lose cycle.

7 0
3 years ago
Read 2 more answers
Other questions:
  • How many days a week do kids go to school in laos,asia
    9·1 answer
  • Remembering ________ is a good example of procedural memory. how a cookie tastes even though you have never tasted it yourself h
    7·1 answer
  • The cabinet of the president exists MAINLY to
    6·2 answers
  • Define what is a sentence​
    10·2 answers
  • _____ is reflected in a person's conscious and openly shared attitude, which might be measured using a questionnaire, whereas __
    7·1 answer
  • imagine you live in Denver Colorado and have a scheduled school lunch at noon what time it would it be in our nation's capital
    15·2 answers
  • What year did the First World War begin?
    12·2 answers
  • Explain how explicit and implicit memories are produced and processed. Be sure to discuss how the two types of memory are differ
    14·1 answer
  • What document was adopted at the 2nd Continental Congress?
    13·1 answer
  • Which is an aspect of city life that might catch a human ecologist’s attention?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!