Graham crackers are complements in consumption

Assignment Help Business Economics
Reference no: EM13854223

If marshmallows and graham crackers are complements in consumption, an increase in the price of marshmallows causes a(n)__ for graham crackers.

A. increases in demand

B. decrease in demand

C. increase in supply

D. decrease in supply

Reference no: EM13854223

Questions Cloud

Decide to greatly reduce the availability of student loans : Suppose the chartered banks decide to greatly reduce the availability of student loans that are guaranteed against default by the Canadian government. What would you expect to happen to the demand for credit cards by students? Are credit cards a subs..
Marginal utility of meat at former levels of consumption : In the early part of the 21st century the high protein Atkins diet became quite popular in the US. Explain what the popularity of this diet would do for demand for a high protein food like meat and for the marginal utility of meat at former levels of..
Demand causes equilibrium price and equilibrium quantity : According to the Huffington Post on September 19, 2012,“Demand for the new Apple Inc iphone 5 has been incredible,' AT&T Inc Chief Executive Randall Stephenson said on Wednesday." The increase in demand causes equilibrium price to _ and equilibrium q..
What happens when price ceiling is below the equilibrium : What happens if the price floor is above the equilibrium? and what happens when price ceiling is below the equilibrium?
Graham crackers are complements in consumption : If marshmallows and graham crackers are complements in consumption, an increase in the price of marshmallows causes a(n)__ for graham crackers.
Production functions have constant : Determine whether the following production functions have Constant, Decreasing or Increasing Returns to Scale (a formal proof is required).
Regression analysis between sales and advertising : A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: = 75 +6x. This implies that if advertising is $800, then the predicted amount of sales (in dollars) is:
Cause change in supply or change in demand of entrepreneurs : MOST governments say they want to encourage entrepreneurs. Yet when foreigners with ideas come knocking, they slam doors in their faces. America, surprisingly, is one of the worst offenders. It has no specific visa for foreigners who wish to create n..
Five examples of the types of measures : Five examples of the types of measures that are often gathered in benchmarking studies. How does a firm determine which measures should be included in its benchmarking program?

Reviews

Write a Review

Business Economics Questions & Answers

  Inverse demand function stated at the beginning of problem

For the rest of the problem, ignore the inverse demand function stated at the beginning of the problem, and instead assume that the firm is one firm in a competitive market, Compute all of the points that satisfy the FOC for the individual firm.

  Should the firm continue to operate

A firm currently uses 100 workers to produce 200 units of output per day. The daily wage (per worker) is $80, and the price of the firm's output is $50. The cost of other variable inputs is $600 per day. The firm’s fixed cost is 8,000. The marginal c..

  Regarding education might promote meritocracy

People often argue that economic rewards in society should be meritocratic, that is, that everyone should have an equal opportunity to get ahead and those that do succeed because of their greater ability, hard work, and so on, should then be allowed ..

  Find the real interest rate for these plans

The Shut-Kan-Do Sheet Metal Company is trying to decide whether it should pay now or pay later for upgrading its production facilities. If the company selected plan A for Action, the necessary equipment would be purchased now for $20,000. Find the re..

  What is the primary goal of monetary policy

What is the primary goal of monetary policy and what are the three primary tools available to the Federal Reserve to meet this goal?

  Find the price below which the firm will go out of business

Office building maintenance plans call for the stripping, waxing, and buffing of ceramic floor tiles. This work is contracted out to maintenance firms, and both technology and labor requirements are very basic.

  Firms can have-accounting losses and economic losses

Firms can have: Accounting losses and economic losses

  Included in a nations capital and financial account

Which of the following is included in a nation's capital and financial account? the purchase of foreign stocks and bonds.  the sale of foreign stocks and bonds

  Why is the price elasticity of demand a relative measure

Why is the price elasticity of demand a relative measure? That is, why is elasticity measured in percentage terms rather than absolute terms?

  Does the production function exhibit increasing

If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output?

  Explain how this outcome can be improved

Find the Nash Equilibrium of the game and explain why your result is the equilibrium. If the Nash Equilibrium the best outcome for the game? If not, explain how this outcome can be improved.

  Assume which barb also jim can switch between settings

Barb also Jim run a business which sets up also tests computers. Assume which Barb also Jim can switch between settings up also testing computers at a constant rate

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd