subject
Business, 19.05.2021 18:10 jamaiciaw6

Emily buys only ice cream and chocolate and spends all of her income on the two items. Suppose the price of ice cream rises. Emily adjusts her optimal consumption bundle such that Emily now buys less ice cream and more chocolate at her new consumer equilibrium. According to marginal utility theory: a. The substitution effect must have been bigger than the income effect since we observe Emily buying more chocolate.
b. The substitution effect must have been bigger than the income effect since we observe Emily buying less ice cream.
с. The income effect must have been bigger than the substitution effect since we observe Emily buying more chocolate.
d. The income effect must have been bigger than the substitution effect since we observe Emily buying less ice cream.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 03:00, dimpleschris101
50 points mark brainliest 1) the information in the interactive presentation suggests that people a) utilize the perception of others rather that out own perception b) learn more about the positive aspects of perception c) should monitor how perceptual barriers influence our relationship d) spend more times on our personal relationships rather than our professional relationships 2) you are about to take the dog out for a walk but pause to watch the news because you hear the name of your town being mentioned hearing your town being mentioned on the news is an example of a) stimulation b) interaction c) organization d) interpretation- evaluation 3) tamara thinks ivan is upset with her because hes been unusually quiet today to better interpret the situation and communicate appropriately tamara should a) ask ivan why hes quiet and explain that hes being inconsiderate b) leave ivan alone because hes obviously going through something c) ask her guidance counselor for tips on providing therapy to a friend d) examine her own perception and then check in with ivan about his behavior 4) of the following abilities which is the most important to the perceptual checking process a) critical thinking ability b) creative ability c) memorizing ability d) organizational ability
Answers: 2
image
Business, 22.06.2019 11:00, mateoperkins
What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b. assessment criteria are inexpensive. c. assessment criteria provide you with a list of relevant things to measure. d. assessment criteria provide you with a list of people to contact to learn more about process mentoring.
Answers: 3
image
Business, 22.06.2019 19:30, kraigstlistt
Each row in a database is a set of unique information called a(n) table. record. object. field.
Answers: 3
image
Business, 22.06.2019 20:40, shaunalab
Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen
Answers: 1
You know the right answer?
Emily buys only ice cream and chocolate and spends all of her income on the two items. Suppose the p...

Questions in other subjects:

Konu
Engineering, 01.08.2021 15:10
Konu
Engineering, 01.08.2021 15:10
Konu
Engineering, 01.08.2021 15:10
Konu
Mathematics, 01.08.2021 15:10