Answer:
D. Tim consumes more hamburgers and fewer hot dogs.
Explanation:
For his utility to remain constant, Tim will neither consume more goods in total, nor spend more money than before.
Therefore, because the price of hot dogs has risen, while the price of hamburger has remained the same, he will now buy more hamburgers and less hot dogs, because eating more hamburgers and less hot dogs will not decrease his satisfaction, it will remain the same. We can also conclude from that both fast food products are perfect substitutes for Tim.
Answer:
Résumés should be written in complete sentences. ... When selecting words to include in a résumé, they should be complex in nature.
Answer:
A) right; increase
Explanation:
In the case of the closed economy when the marginal product of capital increased so it also increased the investment due to which the shifting of the investment curve is rightward and this will result in increase in the real interest rate
So as per the given situation, the option a is correct
Answer:
The following are examples of economic goods except
a. bottled water
<h3>b. air ✔</h3>
c. household utensils
d. shelter
<h2>✈How? </h2>
▶"air" is not a economic goods.It is free to all.