Business, 13.11.2019 20:31 gracethegreat1

George buys 2.5 pounds of hamburger and 2 pounds of chicken per week when hamburger costs $4 per pound and chicken costs $5 per pound, and this bundle of goods costs him $20 per week. what will happen if the price of hamburger drops to $2 per pound and the price of chicken increases to $7.50 per pound? [note that george's original bundle of hamburger and chicken still costs $20 after these price changes.] a. george buys less hamburger and more chicken, and he is better off. b. george buys more hamburger and less chicken, and he is better off. c. george buys more hamburger and less chicken, and he is just as well off as before. d. george buys more hamburger and less chicken, and he is worse off. e george buys the same amounts of hamburger and chicken as before, and he is just as well off as before. f. george buys less hamburger and more chicken, and he is worse off.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:40, Gaby702

Michigan mattress company is considering the purchase of land and the construction of a new plant. the land, which would be bought immediately (at t = 0), has a cost of $100,000 and the building, which would be erected at the end of the first year (t = 1), would cost $500,000. it is estimated that the firm's afterminustax cash flow will increase by $100,000 starting at the end of the second year, and that this incremental flow would increase at a 10 percent rate annually over the next 10 years. what is the approximate payback period?

Answers: 3

continue

Business, 21.06.2019 20:00, Ataklty

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

Answers: 3

continue

Business, 21.06.2019 20:30, lalacada1

If delta airlines were to significantly change its fare structure and flight schedule to enhance its competitive position in response to aggressive price cutting by southwest airlines, this would be an example ofanswers: explicit collusion. tacit collusion. competitive dynamics. a harvest strategy.

Answers: 3

continue

Business, 22.06.2019 02:00, raylynnreece4939

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

Answers: 3

continue

You know the right answer?

George buys 2.5 pounds of hamburger and 2 pounds of chicken per week when hamburger costs $4 per pou...