Why is there no other combination that will give more satisfaction than one apple and two bananas?

Menu costs refers to a. the distortion in incentives created by inflation when taxes do not adjust for inflation. b. resources u

kap26 [50]

Answer:

The correct answer is D

Explanation:

Menu costs is the costs which is referred to as the economic term and it is used for describing the cost or the expense which is incurred by the firms or the companies so that could change the prices. It is that cost in which the prices are sticky.

So, it will be known as the cost of the frequent price variations which is induced through the higher inflation.

5 0

4 years ago

Suppose the price of movie tickets decline. The income effect means that :

puteri [66]

Answer:

a would be the answer for the question

4 0

3 years ago

Consider a competitive market for which the quantities demanded and supplied (per year) at various prices are given as follows:

kipiarov [429]

Answer and Explanation:

A. Price elasticity of demand

Price(P0) = $80 , Q0 = 20

Price(P1) = $100 , Q1 = 18

Price elasticity of demand =

$\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\\\frac{\frac{18-20}{\frac{18+20}{2} } }{\frac{100-80}{\frac{100+80}{2} } }\\\\\frac{\frac{-2}{\frac{38}{2} } }{\frac{20}{\frac{180}{2} } }\\\\\frac{\frac{-2}{19} }{\frac{20}{90} } }\\\\-0.47$

Price elasticity of demand = 0.47

B. Price elasticity of supply

Price(P0) = $80 , Q0 = 16

Price(P1) = $100 , Q1 = 18

Price elasticity of supply =

$\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\\\frac{\frac{18-16}{\frac{18+16}{2} } }{\frac{100-80}{\frac{100+80}{2} } }\\\\\frac{\frac{2}{\frac{34}{2} } }{\frac{20}{\frac{180}{2} } }\\\\\frac{\frac{2}{17} }{\frac{20}{90} } }\\\\0.53$

Price elasticity of supply = 0.53

C. The point , where Demand and supply is equal called equilibrium price

So , $100 is equilibrium price.

D. if market price is less then equilibrium price , it is effective So, shortage (20-16) 4 units

8 0

3 years ago

An interview is an primary or secondary research

Lady bird [3.3K]

Answer:

primary

Explanation:

6 0

3 years ago

Consider the market for tablet (like iPads and Android tablets). Suppose the average price of an iPad goes up by $20 when a majo

NikAS [45]

Answer:

The price of Android tablets will increase.

The demand for Android tablets will increase.

Explanation:

iPads and android Tablets are direct competition for one another.

So, when the average prices of an ipad goes up , some percentage of the consumers will seek alternatives for similar product. This is why the demand for android tablets will increase.

But, there is one more point to consider.

Online retailer tend to sell different brands of a similar product to its consumers. It is very likely that big retailers will sell both apple and andorid products in their store.

if the price of Ipad goes up because of the change in the retailer's sale policies, that change will definitely affect the price of the android as well

Because of this, The price of Android tablets will also increase. Even though the increase may not be as high as Ipad since they have lower baseline price/

5 0

3 years ago