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Hitman42 [59]
1 year ago
8

A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the pri

ce of macaroni and cheese. From this information, what we can assume ?
Business
1 answer:
AlekseyPX1 year ago
6 0

Answer:

Macaroni and cheese is an inferior good.

Explanation:

From the information given in the question, we can assume that macaroni and cheese are considered as an inferior good for this consumer because there is an inverse relationship between the income level of this consumer and the quantity demanded for macaroni and cheese.

If there is 10% increase in the income of an individual then as a result quantity demanded of macaroni and cheese decreases by 15% and the price of this good remains constant. This shows that macaroni and cheese is an inferior good.

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Given the following information, determine if one of the brands is a better buy.
valentina_108 [34]
Your answer is:
B. Brand A is the better buy.
Why?
This is because if you divide 33.18 by 14 you get 2.37. If you do the same with Brand B, you get 2.40
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Which two of the four cs of credit have to do with earning potential and available cash?
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The four 'Cs' of credit  are : Character, Capacity or Cashflow, Capital and Conditions.

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As specialization increases in an economy, businesses tend to experience: a.) an increase in self sufficiency due to businesses
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2 years ago
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Campbell Soup uses electronic networks to improve the efficiency of outbound logistics. These networks also helped Campbell Soup
Reil [10]

Answer:

a Value-Chain Analysis

Explanation:

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1 year ago
Ward Doering Auto Sales is considering offering a special service contract that will cover the total cost of any service work re
kodGreya [7K]

Answer:

a. The probability that any one customers service costs will exceed the contract price of $200 is 0.0228

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Explanation:

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Warda expected profit per service contract is $50

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