Consumers perceive several goods to be homogeneous

Assignment Help Business Economics
Reference no: EM13795676

If consumers perceive several goods to be homogeneous, they believe the goods to be,

a. perfect complements

b. perfect substitutes

c. of poor quality

d. inelastic with respect to price

Reference no: EM13795676

Questions Cloud

Retrograde motion of a plane related issues : In general, what are the characteristics of the planets that have been found so far around other stars?
How lighting is used to enhance or detract from production : Describe how lighting is used to enhance or detract from the production. Analyze how the camera's use (camera angles, for instance) affects the overall production.
Investment and government spending exogenous : Consider the following simple model with investment and government spending exogenous:
Significant challenges for health policy : One of the significant challenges for health policy is not necessarily the implementation of programs but the influence of the political climate in regard to both the financial support and control of the programs.
Consumers perceive several goods to be homogeneous : If consumers perceive several goods to be homogeneous, they believe the goods to be,
Discuss the growth strategy : Discuss Jim Poss' fundraising strategies. What other options might be considered for raising the funds SPC needs? Is this a good investment. Discuss the growth strategy. What additional market(s) should Poss pursue
A nash equilibrium : A Nash equilibrium is said to occur when,
Tie the concepts of management : Write and submit a 500 word paper using the most important concepts you have learned in your business program, Tie the concepts of management, accounting, or finance to your chosen career choice. This paper must be submitted in APA format, or MLA for..
What do you notice about the emitted photons : When you change the intensity of the light source to a very low level, what do you notice about the emitted photons? When you change the intensity of the light source to a very high level, what do you notice about the emitted photons

Reviews

Write a Review

Business Economics Questions & Answers

  Elucidate the effective rate of protection on the process

We do, however, have free trade in corn, which is fermented and distilled to make ethanol, and accounts for approximately 55% of the cost. Elucidate the effective rate of protection on the process of turning corn into ethanol.

  Compare the annual equivalent costs of a truck kept

Operating and maintenance expenses for a truck increase by $400/year for the first 5 years of operation. First-year O&M expenses are $2,400. The initial cost of a truck is $8400, estimated salvage value after 4 years is $2,400, and the salvage after ..

  Elucidate how has the number of payroll jobs changed

Elucidate how has the number of payroll jobs changed over the last 3 months and over last year in Antigua and Barbuda.

  What is the b-c ratio for the project

The value of the recreation has been conservatively set at$0.50 per hour. At a discount rate of 3% per year, what is the B/C ratio for the project?

  Pay per unit to provide the socially efficient quantity

Elucidate how much will each worker have to pay per unit to provide the socially efficient quantity.

  Elucidate how absolute and comparative advantages were used

Define absolute and comparative advantage in your own words. Elucidate how absolute and comparative advantages were used in your simulation.

  Sell as large a quantity of their potato crop

Idaho farmers can sell as large a quantity of their potato crop as they which,

  Is a company violating the optimality rule

According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. In offering such training programs, is a company violating the optimality rule?

  Hich refrigerator you purchase in opportunity cost of fund

It is priced at only $400. Suppose your opportunity cost of funds is 5 percent , which refrigerator should you purchase.

  What is the balance due on the original mortgage

What is the balance due on the original mortgage if 20 payments have been made in the last 5 years?

  Long-run equilibrium

Explain how the U.S. economy may self-correct back to the long-run equilibrium where actual GDP equals to full GDP and there is full employment.

  Q the following is a report from a not-very-efficient bls

q. the following is a report from a not-very-efficient bls survey taker there were 90 people in the houses i visited.

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