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aliina [53]
2 years ago
9

Tommy is about to order a steak dinner with a salad at his favorite restaurant. The restaurant recently raised its prices on ste

aks but kept its prices on salads the same. How might the real-income effect and the substitution effect influence Tommy’s order?
Business
1 answer:
lozanna [386]2 years ago
3 0

Answer:

Explanation:

Each of these effects would most likely influence Tommy's order differently. The real-income effect would most likely cause Tommy to buy the large steak and salad regardless of the increase in price since individuals tend to spend more when they start making more money. The substitution effect on the other hand would most likely cause Tommy to order a smaller steak since it costs more but at the same time order, more salad since the price has not increased as the steak did.

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If Crusoe increases production of berries from 42.0 pounds to 52.0 pounds and production is​ efficient, his opportunity cost of
sergeinik [125]

Crusoe's opportunity cost for producing a pound of berries would be 0.4 pounds of fish.

<h3>What is the opportunity cost of the fish?</h3>

This can be found as:

= Change in quantity of fish / Change in quantity of berries

Solving gives:

= (30 - 26) / 52 - 42

= 4 / 10

= 0.4 pounds of fish

Find out more on opportunity cost at brainly.com/question/1549591.

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3 0
2 years ago
Kara wants to build a business. She has plenty of capital and potential investors and partners. She wants to avoid the burden of
Akimi4 [234]

Answer:

The correct answer is B.

Explanation:

The fact that Kara has plenty of capital means she most likely would not need financial intervention from any other party.

It is not logical for her to bring in a partner who will share profits when she has invested all the capital. Because she will enjoy all the proceeds from the business alone, she will also bear all liabilities.  

Cheers!

4 0
3 years ago
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Use your knowledge of the roles people assume on teams to complete the sentence.
kakasveta [241]

Answer:

d. socioemotional role

Explanation:

As the team works together, Carol plays a <u>socioemotional role</u>, diffusing conflicts and helping everyone feel welcome to contribute ideas.

8 0
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vlada-n [284]

Answer: help distribution partners identify product availability problems.

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One role of marketing communications in the problem recognition stage of the purchase decision-making process is to help distribution partners identify product availability problems.

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