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2 years ago

If macaroni and cheese is an inferior good, then an increase in ____

Business

1 answer:

Anvisha [2.4K]2 years ago

5 0

Answer:

The correct answer is option C.

Explanation:

An inferior good is a good that has a negative income elasticity. It means that when consumer's income increases the demand for inferior goods decreases and vice versa.

If macaroni and cheese is an inferior good, then an increase in consumer's income will cause the demand for macaroni and cheese to decrease. This decrease in demand will cause the demand curve to shift to the left.

You might be interested in

Which of these is an example of an inelastic good?

pishuonlain [190]

Answer:

A. Medicine

Explanation:

Inelastic good is a product whose demand does not fluctuate with price changes. It means the demand for the good remains constant even if prices increase or decrease. The term inelastic symbolizes the demand for the good is static.

Medicine has an inelastic demand. Patients need medication regardless of prevailing prices. An increase or decrease in prices of medicines does not influence the demand. The term inelastic contrast elastic demand, which is the demand that varies with changes in prices.

6 0

3 years ago

Your business has purchased 500 pizza pans, 60 kg of sauce, 100 kg of cheese, 2.5 kg of basil, 2.5 kg of oregano, 5 kg of yeast,

adelina 88 [10]

Answer:

400 pizzas

Explanation:

The complete question would be:

You are going into the business of making pizzas. The following is the list of ingredients to make ONE pizza:

400 g flour 50 mL water

10 g yeast 120 g sauce

250 g cheese 5 g oregano

5 g basil

Your business has purchased 500 pizza pans, 60 kg of sauce, 100 kg of cheese, 2.5 kg of basil, 2.5 kg of oregano, 5 kg of yeast, and 200 kg of flour. You have as much water as you need. How many pizzas can you make?

You are going to have to make a couple of conversions to do this. Since everything you need is indicated in grams, we first need to convert everything you have in grams.

There are 1,000 g in 1 kg. So now we convert them all:

60 kg of sauce

$60kg \times \dfrac{1,000g}{1kg} = 60,000g$

100 kg of cheese

$100kg \times \dfrac{1,000g}{1kg} = 100,000g$

2.5 kg of basil

$2.5kg \times \dfrac{1,000g}{1kg} = 2,500g$

2.5 kg of oregano

$2.5kg \times \dfrac{1,000g}{1kg} = 2,500g$

5 kg of yeast

$5kg \times \dfrac{1,000g}{1kg} = 5,000g$

200 kg of flour

$200kg \times \dfrac{1,000g}{1kg} = 200,000g$

So now that we know what we have, we determine how many pizzas we can make with the amount of each ingredient. We get the ratio of each ingredient to one pizza to determine how many we can make:

Flour:

Available: 200,000g

Needed: 400g

$200,000g\ of\ flour\times\dfrac{1\ pizza}{400g\ of\ flour} = 500\ pizzas$

Yeast:

Available: 5,000g

Needed: 10g

$5,000g\ of\ yeast\times\dfrac{1\ pizza}{10g\ of\ yeast} = 500\ pizzas$

Cheese:

Available: 100,000g

Needed: 250g

$100,000g\ of\ cheese\times\dfrac{1\ pizza}{250g\ of\ cheese} = 400\ pizzas$

Basil:

Available: 2,500g

Needed: 5g

$2,500g\ of\ basil\times\dfrac{1\ pizza}{5g\ of\ yeast} = 500\ pizzas$

Sauce:

Available: 60,000g

Needed: 120g

$60,000g\ of\ sauce\times\dfrac{1\ pizza}{120g\ of\ sauce} = 500\ pizzas$

Oregano:

Available: 2,500g

Needed: 5g

$2,500g\ of\ oregano\times\dfrac{1\ pizza}{5g\ of\ oregano} = 500\ pizzas$

We do not need to consider water, because it will provide as many as we will need.

So here we see that all but one ingredient is able to yield 500 pizzas. Cheese is the only one that yields less than 500, specifically 400 only. This is your limiting ingredient and this ingredient determines how many pizzas you can make. Because when you run out of cheese, you can no longer make a pizza.

4 0

3 years ago

Alfred lost his 3-year-old camera. It cost him $150 three years ago and had a life expectancy of 6 years. Alfred has actual cash

salantis [7]

Answer:

insurance company will pay $75 to Alfred.

Explanation:

given data

Actual cost of camera = $200

Alfred cost of camera = $150

Life expectancy = 6 years

solution

we get here first Remain life of camera that is

Remain life of camera = 6 years - 3 years

Remain life of camera = 3 years

and

now we get here current cost of the camera that is

current cost of camera = Alfred cost of camera × (Remain life of camera ÷ Life expectancy) ........................1

put here value and we get

Current cost of camera = $150 × $\frac{3}{6}$

Current cost of camera = $75

so that insurance company will pay $75 to Alfred.

5 0

3 years ago

Which of the following could cause an appreciation of the real exchange rate in a small open economy? A decrease in the domestic

Savatey [412]

Answer: An increase in government spending

Explanation:

Currency appreciation is an increase in the worth of one currency against the value of another currency. Due to the appreciation of a currency, imports get cheaper.

In a small open economy, the appreciation of the real exchange rate can be caused by an increase in government spending as this puts pressure on domestic currency to appreciate, which leads to current account deterioration.

7 0

3 years ago

a bond has a face value of $1,000, an annual coupon rate of 7 percent, yield to maturity of 10 percent, and 20 years to maturity

rewona [7]

The bond that has a face value of $1,000 has a duration of 10 years.

A bond is a type of security in the financial world where the issuer (debtor) owes the holder (creditor) a debt and is required, depending on the terms, to repay the bond's principal (i.e., the amount borrowed) at the bond's maturity date as well as interest (referred to as the coupon) over a predetermined period of time. The interest is typically due at regular intervals, such as every six months, once a year, and less frequently at other times. To finance long-term investments or, in the case of government bonds, to finance immediate expenses, the borrower can obtain external funds through the sale of bonds. Both bonds and stocks are considered to be forms of security, but the main distinction between the two is that (capital) stockholders have an equity stake in a company, whereas bondholders have a creditor stake.

To learn more about bond, visit:

brainly.com/question/28362992

#SPJ4

5 0

1 year ago