Caonsumption of nachos remains unchanged in response

Assignment Help Business Management
Reference no: EM131925737

For Norma, both nachos and salsa are normal goods. They are also ordinary goods for Norma. The price of nachos rises, but the price of salsa remains unchanged.

Can you determine definitively whether she consumes more or fewer nachos?

A. We can say definitively that her consumption of nachos remains unchanged in response to the increase in the price of nachos.

B. We cannot say definitively what will happen to her consumption of nachos.

C. We can say definitively that her consumption of nachos falls in response to the increase in the price of nachos.

D. We can say definitively that her consumption of nachos rises in response to the increase in the price of nachos.

Reference no: EM131925737

Questions Cloud

Discuss scenarios in which community health nurses encounter : Discuss scenarios in which the community health nurses might encounter ethical issues related to mental health. Give some examples and explain.
What happens to the real exchange rate : What does it imply about the supply of loanable funds and the equilibrium real interest rate? What happens to the real exchange rate?
Write a description of the goals of your organization : Description of the goals of your organization. Recommendations to successfully implementing a telemedicine department in your facility.
Describe the service including the five potential gaps : Use the Service-Quality model presented in our textbook and describe the service including the five potential gaps that can cause unsuccessful service delivery
Caonsumption of nachos remains unchanged in response : For Norma, both nachos and salsa are normal goods. They are also ordinary goods for Norma. The price of nachos rises, but the price of salsa remains unchanged.
What is the expected stock price 3 years from now : Integrated Potato Chips just paid a $1.2 per share dividend. You expect the dividend to grow steadily at a rate of 6% per year.
How much does the average worker value working : According to the EPA, how much does the average worker value working in a clean mine?
Determine the mortality rate of the health issue using data : Determine the mortality rate of the health issue using the data from the research study to perform the appropriate calculations.
What should the role of the leader : What should the role of the leader be under these circumstances, especially from an ethical perspective - Do you think that the company's decision should

Reviews

Write a Review

Business Management Questions & Answers

  Find the deadweight loss

Find the deadweight loss when the monopolists sets one price given the following inverse demand, marginal revenue, and marginal cost functions:

  Telecommunications and networking class

Compare the centralized and distributed information communication systems. Evaluate the roles of these two systems.

  Netflix- the movie rental industry-assess how technology

netflix- the movie rental industry-assess how technology and the changing demands of customers have impacted the movie

  Tendency for the institution

As an organization gets larger there can be a tendency for the "institution" to dampen the "inspiration" and possibly become Bureaucratic. If take the leadership role how do you keep this from happening. Also Explain the different leadership style..

  Capital budgeting decision

What four mistakes are commonly made when estimating the WACC, and how do these mistakes arise? If the Fed decides to increase the interest rates significantly, how would that impact your capital budgeting decision?

  How does the hospitality operation create value

Determine how the Web site provides information to attract potential guests. What changes would you recommend for the Web site? How does the hospitality operation create value for its consumers?

  What are the pros and cons to a fixed exchange rate

What are the pros and cons to a fixed exchange rate and floating exchange rate? From the perspective of an international business, what are the most important criteria for choosing between the systems?

  Protest of the company

Call the local environmental advocacy group and get it to stage a protest of the company.

  Organic food to satisfy the growing demand

Will there be enough organic food to satisfy the growing demand?

  How do you think globalization affect whole foods over time

How do you think globalization will affect Whole Foods over time? Please explain several ways it could affect the company's operations.

  Locate a current job opportunity

Read the Cover Letter Guide, locate a current job opportunity that is of interest to you using Indeed.com or another career resource center, and discuss the following:

  Location dependent and volatile

Compared to manufacturing, service requirements tend to be more time dependent, location dependent and volatile. In addition, service quality is often directly observable by customers.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd