Reference no: EM131065868
1. Which of the following combinations of goods are complements and which are substitutes? Could they be either in different circumstances? Discuss.
a. a mathematics class and an economics class
b. tennis balls and a tennis racket
c. steak and lobster
d. a plane trip and a train trip to the same destination
e. bacon and eggs
2. Suppose that a consumer spends a fixed amount of income per month on the following pairs of goods:
a. tortilla chips and salsa;
b. tortilla chips and potato chips;
c. movie tickets and gourmet coffee;
d. travel by bus and travel by subway.
If the price of one of the goods increases, explain the effect on the quantity demanded of each of the goods. In each pair, which are likely to be complements and which are likely to be substitutes?
|
Inflation and unemployment during the business cycle
: Explain what happens to inflation and unemployment during the business cycle.
|
|
Fixed costs charged to the division total
: Brandi company is deciding wether or not to discontinue one of its divisions. The division's contribution margin is $27,000 per year. The fixed costs charged to the division total $32,000, but $15,000 would be eliminated if the divsion is disconti..
|
|
Determine the diameter of pipe that should be selected
: determine the diameter of pipe that should be selected.
|
|
Long-term productivity growth
: Suppose that two nations start out in 2013 with identical levels of output per work hour - say, $100 per hour. In the first nation, labor productivity grows by 1 percent per year.
|
|
Combinations of goods are complements
: 1. Which of the following combinations of goods are complements and which are substitutes? Could they be either in different circumstances? Discuss.
|
|
Enter your answers as a percent rounded
: Rolling Company bonds have a coupon rate of 4.60 percent, 17 years to maturity, and a current price of $1,116. What is the YTM? The current yield?(Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places..
|
|
How is it useful for making zero waste household
: how is it useful for making zero waste household
|
|
Individual moves downward along the demand curve
: 1. Explain whether the following statements are true or false. a. The marginal rate of substitution diminishes as an individual moves downward along the demand curve. b. The level of utility increases as an individual moves downward along the demand ..
|
|
Seven activity cost poolsand two products
: I don't know how to answer the question E. Lift Jack company seven activity cost poolsand two products. It excepts 200,000units of its automobile seissors jack and 80,000units of its hydraulic jack. Having identified its activity cost pools and th..
|