Suppose that for emily, dvds and trips to the movie theater are perfect substitutes. currently, emily is spending all of her income on trips to the movie theater. if the price of dvds doubles, the substitution effect will
a. be zero.
b. be half the income effect.
c. be two times the income effect.
d. always increase the number of trips to the movie theater emily makes.
Answers: 3
Business, 22.06.2019 05:30, tommyaberman
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In january, knox company requisitions raw materials for production as follows: job 1 $915, job 2 $1,590, job 3 $771, and general factory use $704. during january, time tickets show that the factory labor of $6,300 was used as follows: job 1 $2,344, job 2 $1,711, job 3 $1,554, and general factory use $691. prepare the job cost sheets for each of the three jobs.
Answers: 1
Suppose that for emily, dvds and trips to the movie theater are perfect substitutes. currently, emil...
History, 30.11.2020 21:40