Answer: The associate should say something like " I understand why you feel that way. How can I improve or fix this situation for you?" and try to diffuse the situation. After the customer leaves, the supermarket associate should report this to the manager.
Hope this helps! :)
Explanation:
Answer: Her income elasticity of demand for cottage cheese is <em><u>0.3333</u></em> making it a <em><u>normal and necessary</u></em> good.
The income elasticity of demand is given by :
![\mathbf{YED = \frac{percentage change in demand}{percentage change in income}}](https://tex.z-dn.net/?f=%5Cmathbf%7BYED%20%3D%20%5Cfrac%7Bpercentage%20change%20in%20demand%7D%7Bpercentage%20change%20in%20income%7D%7D)
The percentage change in income is given as 60%. We calculate the percentage change in quantity demanded as follows:
![\mathbf{percentage change in quantity demanded = \frac{Q_{1}-Q_{0}}{Q_{0}}}](https://tex.z-dn.net/?f=%5Cmathbf%7Bpercentage%20change%20in%20quantity%20demanded%20%3D%20%5Cfrac%7BQ_%7B1%7D-Q_%7B0%7D%7D%7BQ_%7B0%7D%7D%7D)
![\mathbf{percentage change in quantity demanded = \frac{12-10}{10}}](https://tex.z-dn.net/?f=%5Cmathbf%7Bpercentage%20change%20in%20quantity%20demanded%20%3D%20%5Cfrac%7B12-10%7D%7B10%7D%7D)
![\mathbf{percentage change in quantity demanded = 0.2}\\](https://tex.z-dn.net/?f=%5Cmathbf%7Bpercentage%20change%20in%20quantity%20demanded%20%3D%200.2%7D%5C%5C)
Substituting the value above in the income elasticity demand formula we get,
![\mathbf{YED = \frac{0.20}{0.60}}](https://tex.z-dn.net/?f=%5Cmathbf%7BYED%20%3D%20%5Cfrac%7B0.20%7D%7B0.60%7D%7D)
<u>YED = 0.33333</u>
Since the income elasticity is positive, and since Shawna buys more cottage cheese after an increase in income, we can classify this good as a normal good.
Since the income elasticity is between 0 and 1 we can also conclude that cottage cheese is also a essential good or a necessity.
75 it depends on the persons background with education .
Answer:
a.Attending a movie
Explanation:
The opportunity cost is the cost or value or the item foregone. That is way opportunity cost is also known as alternative foregone.
It is also known as the real cost. When the wants are listed in a scale of preference in the order of priority, the limited resources is used to satisfy the first item on the list while the next unfulfilled want is the opportunity cost.
Therefore, for John, the opportunity cost is attending the movie, option a.