Business
Business, 10.03.2020 05:14, kristieroth1

Scott consumes only two goods, rice and soup. His preferences are complete, transitive, monotonic and convex. When the price of rice falls, he buys more rice and the same amount of soup.
Based on this information we can say that:

a) Rice is necessarily a normal good.
b) Rice is necessarily an inferior good.
c) Soup is necessarily a normal good.
d) Soup is necessarily an inferior good.
e) None of the above

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 19:30, qwertylol12345
Vulcan company is a monthly depositor whose tax liability for march 2019 is $2,510. 1. what is the due date for the deposit of these taxes? march 17 2. assume that no deposit was made until april 29. compute the following penalties. assume a 365-day year in your computations. round your answers to the nearest cent. a. penalty for failure to make timely deposits. $ b. penalty for failure to fully pay employment taxes $ c. interest on late payment (assume a 5% interest rate). $ d. total penalty imposed $
Answers: 3
image
Business, 22.06.2019 01:20, chayaharroch03
What cylinder head operation is the technician performing in this figure?
Answers: 1
image
Business, 22.06.2019 19:00, bussbhsvssu557
The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?
Answers: 1
image
Business, 22.06.2019 21:00, elenasoaita
Describe what fixed costs and marginal costs mean to a company.
Answers: 1
Do you know the correct answer?
Scott consumes only two goods, rice and soup. His preferences are complete, transitive, monotonic an...

Questions in other subjects:

Konu
Mathematics, 02.10.2020 18:01
Konu
Chemistry, 02.10.2020 18:01
Konu
Mathematics, 02.10.2020 18:01
Konu
Business, 02.10.2020 18:01
Konu
Physics, 02.10.2020 18:01
Konu
Mathematics, 02.10.2020 18:01