Milk, economics, Microeconomics

The price of milk is usually much less expensive in a grocery store versus a convenience store. Using economic terminology, explain why people purchase milk at convenience stores.

Posted Date: 2/23/2012 10:32:49 PM | Location : United States







Related Discussions:- Milk, economics, Assignment Help, Ask Question on Milk, economics, Get Answer, Expert's Help, Milk, economics Discussions

Write discussion on Milk, economics
Your posts are moderated
Related Questions
economists would predict that if salaries increased for engginieers and decreasded for mba braduates that fewer people would go to graduate school in business and more would go in

what is the relevance of microeconomic analysis in contemporary Nigerian economy


What two important functions are performed by the price system? (1) The price system is an automatic method for distributing goods and services. (2) The price system defines t

Five identical people live in a small town and can earn a living either by having cattle $100 or by becoming a singer. If one person competes their expected payment is 210, if two

in aid of a diagram explain the concept of diminishing returns in production

the sources of market failure

what is indifference curve''s theory and application

Problem: (a) Given TR = P×Q, Show that  Note: TR is total revenue, P refers to price, Q refers to quantity demanded, MR denotes marginal revenue, and ε d shows the p

some fields have large enough quantities of both oil and ntural gas taht coordination must be achieved for the production of both, reather than oil alone as in our examples. will f