Answer: Option (A) is correct.
Explanation:
It was given that consumer prefers Adidas to puma brand soccer cleats but he buys puma brand soccer cleats. This is only because of the price theory and rational consumer choice. We know that a rational consumer will choose a product with a lower price. Both puma and Adidas brand soccer cleats are substitutes, thus, if the price of puma cleats is lower than the Adidas cleats then he should prefer puma brand soccer cleats.
Answer:
Increases, decreases
Explanation:
According to the equation for the Phillips curve, if nominal wages and labor productivity both increase by 3%, then the inflation rate increases and unemployment decreases.
The Phillips curve is an economic concept developed by A. W. Phillips stating that <u>inflation and unemployment have a stable and inverse relationship.</u> The theory claims that <u>with economic growth comes inflation</u>, which in turn should lead to more jobs and <u>less unemployment.
</u>
<u>Therefore as given in the scenario, wage increase signifies economic growth which will lead to increase in inflation and a decrease in unemployment</u>
Answer:
c. $210,000.
Explanation:
amount of expense to be reflected in Post's quarterly income statement
= 840,000 / 4
= $210,000
Therefore, The amount of expense that should be reflected in Post's quarterly income statement for the three months ended March 31 is $210,00.
THE CORRECT IS ANSWER IS WITHOUT A DOUBT b - Extinguished
Countries adopting western eating habits, the spread of fast food restaurants to other countries is big.
Increasing income has added to urbanization which seems to lead to diets rich in animal produce, fat, salt and sugar.
