How to impact the consumers opportunity set

Assignment Help Microeconomics
Reference no: EM13187491

A recent newspaper circular advertised the following special on tires: Buy three, get the fourth tire for free-limit one free tire per customer. If a consumer has $500 to spend on tires and other goods and each tire usually sells for $50 how does this deal impact the consumers opportunity set?

Reference no: EM13187491

Questions Cloud

What is the output when the following script is executed : Determine the answer (expected result) based on your reading of from text book: -  Just show the expected output when you run the syntax.
Calculate the solution must consider other equilibria : Calculate the [Zn2+] in a solution of ZnC2O4 held at a pH of 3.00. Remember C2O4^2- is a weak base so you must consider other equilibria.
How much of each type of sugar will be purchased : It is common for supermarkets to carry both generic (store-label) and brand-name (producer-label) varieties of sugar and other products. Many consumers view these products as perfect substitutes, meaning that consumers are always willing to substi..
Understanding hypnosis in terms of focused attention : Understanding hypnosis in terms of focused attention, distinctive brain activity, and the presence of an authoritative presence in a legitimate context, requires an integrated ___________________________ approach.
How to impact the consumers opportunity set : A recent newspaper circular advertised the following special on tires: Buy three, get the fourth tire for free-limit one free tire per customer. If a consumer has $500 to spend on tires and other goods and each tire usually sells for $50 how does ..
Describe the early encounters : Describe the early encounters between the Spanish and Portuguese explorers and the Indians of Central and South America, and explain how those confrontations led to European settlement there
Explain how many hydrogens does an alkane : How many hydrogens does an alkane with 17 carbons have How many carbons does an alkane with 74 hydrogens have Draw the structure and give the systematic name of a compound with molecular formula C5H12 that has
Illustrates the economic concept of coke : When Coca Cola introduced a new, low calorie version of Coca Cola called C2, despite a major marketing effort, sales of C2 were weak and by the fall many doubted that the product would last. Coke's experience with C2 illustrates the economic conce..
Use enthalpy date for ethane and butane-gas stream : A gas stream containing 60wt% ethane and 40wt% butane is to be heated from 150K to 250K at a pressure of 5 bars. calculate the required heat input per kg of the mixture, neglecting Ep and Ek. use enthalpy date for ethane and butane

Reviews

Write a Review

Microeconomics Questions & Answers

  Question on inferior good

The average 15-year old purchases 12 CDs and 15 cheese pizzas in the typical year. If cheese pizzas are inferior goods, would the average 15-year old be indifferent between receiving the $30 gift certificate at local music store and $30 in cash?

  Determine gdp,ndp,gnp,nnp,ni,pi and di

Determine GDP,NDP,GNP,NNP,NI,PI,DI,S. Comment on savings magnitude that you have determined.

  Determine price elasticity and income elasticity of demand

Determine the price elasticity, and income elasticity of demand and where Q denotes passengers in thousands per year, P the (average) ticket price, and I US national income.

  Explain complex assembly operation

In a complex assembly operation, it is found that the learning curve rate is 70%. The standard time of 3 minutes per assembly is reached after the 110th unit. Find i. The time required for the very first unit.

  Define the value of marginal product

Which of the following methods is used by unions to increase the demand for the labor of its members? what is an agreement between a manufacturer and a distributor on the price at which a product will be resold.

  How to identify the position of the curve

For each of the following utility functions, draw the three indierence curves that correspond to the three stated utility levels, labeling each curve with the corresponding utility level. Label any intercepts or inks in the line to fully identify ..

  Explain canadian exporters of goods to the us

Canadian firms that buy machinery and equipment from US suppliers c.cross border shoppers from Canada who shop for goods in the US retired Canadians who live in Arizona and Florida during the winter months

  What kind of deal did the player snag

If the appropriate interest rate is 13 percent, what kind of deal did the player snag?

  What is the first order condition for profit maximization

What is the first order condition for profit maximization for firm 1? compute the optimum quantity x1 for firm 1 as function of quantities x2 and x3.

  This firm''s average costs

A firm that emerges as the only seller in an industry with economies of scale is a(n): The profit maximizing rule MR = MC applies to: Suppose that the total cost curve for a firm is given by the equation TC = a + bQ, where 'a' and 'b' are positive nu..

  What will happen to the equilibrium price and quantity

This innovation could save farmers $1 billion a year in crops now lost to frost damage. If this technology becomes widely used, what will happen to the equilibrium price and quantity in, for example, the potato market?

  What is the highest possible price per unit

From what you know about these firms' cost structures, what is the highest possible price per unit that could exist as the market price in long-run equilibrium?

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