Answer:
The correct answer is: Snob effect.
Explanation:
The Snob effect is a phenomenon that tries to explain why the demand for a good or service increases in the high-income sector while it decreases substantially in the low-income sector. This scenario is created when people need access to rare or exclusive goods or services.
Answer:
The correct answer here would be option D) more of textbooks would be consumed and less of coffee would be consumed.
Explanation:
In economics, substitution effect refers to a situation where there is change in demand of one good in response to the change in price of other goods. Same situation is taking place here as now the price of textbooks have decreased , Ariana will now look to consume more of textbooks and less of coffee.
Answer:
A. 4.3 batches
B. 215 parts
C. 3 batches
D. 184 parts
Explanation:
Please find explanation attached
We are given with two functions: f(x) = 6x + 13 and g(x) = 4x + 18. We are given with h(x) which is associated with f(x) + g(x). The sum of 6x + 13 + 4x + 18 equal to 10x + 31 indicating Bob will make more money working alone or by teaming with Susie. The answer hence to this problem is C. h(x) = 10x + 31, team with Susie
Answer:
there will be 187, 500, 000 firms in the industry.
Explanation:
just multiply 2.50 with 75, 000,000 and get the answer.