Peanut butter and jelly are complements

Assignment Help Business Economics
Reference no: EM131102623

Peanut butter and jelly are complements. If a tax is imposed on peanut butter, how will that affect the market for jelly?

A. demand for jelly will increase along with price

B. demand for jelly will decrease along with price

C. The supply of jelly will increase and the price will decrease

D. Both the supply and demand for jelly will increase along with price

E. The supply of jelly will decrease and the price will increase

Reference no: EM131102623

Questions Cloud

What is the terminal, or horizon, value of operations : The company's weighted average cost of capital is WACC = 12%. a. What is the terminal, or horizon, value of operations?  b. Calculate the value of Brooks' operations.
How inflation and unemployment vary via different stages : Compare and contrast the different stages of the business cycle and how inflation and unemployment vary via these different stages. Then discuss the appropriate fiscal and monetary policies to address inflation and unemployment.
Design a physical data model incorporating : Design a physical data model incorporating U.I.D. number, student name, faculty name, attempted course, course taught, acceptance date, and grade achieved as an entity in the illustration.
The deadweight loss from a tax is equal : The deadweight loss from a tax is equal to one half of: A. tax revenue multiplied by consumer surplus B. producer surplus multiplied by consumer surplus C. the decrease in quantity sold multiplied by the tax revenue D. the amount of the tax multiplie..
Peanut butter and jelly are complements : Peanut butter and jelly are complements. If a tax is imposed on peanut butter, how will that affect the market for jelly?
Displays a suffix of the specified length : suffix_of_length(length) : Displays a suffix of the specified length from the current string. If the length is
Health insurance leading up to the affordable care act : Which of the following are factors related to the decrease, over time, in the number of people who do not have private health insurance leading up to the Affordable Care Act (i.e., prior to 2014)? (Select all that apply).
Price are related to the total revenue curve : Assuming the market equilibrium price for wheat is $5 per bushel, draw the total revenue and the marginal revenue curves for the typical wheat farmer in the same graph. Explain how marginal revenue and price are related to the total revenue curve.
Is the threshold effect more or less pronounced : Add to the performance curves for β = 1; 5; 10; and 20 the curve for β = 0:1. Is the threshold effect more or less pronounced? Why?

Reviews

Write a Review

Business Economics Questions & Answers

  What are the effects on the growth rates of cumulative

Illustrate what are the effects on the growth rates of cumulative o/p, cumulative consumption, and also cumulative investment.

  Consultant for firm that is perfectly competitive

Examine whether each of the following statements is true or false. Explain. a. [15 points] If MC is less than ATC then AVC falls as output rises. b. If MC exceeds AVC then ATC rises as output rises. [Notations/Abbreviations : MC = marginal cost; AVC ..

  GDP deflator is better than the CPI at reflecting the goods

The GDP deflator is better than the CPI at reflecting the goods and services bought by consumers. The CPI is better than the GDP deflator at reflecting the goods and services bought by consumers. The GDP deflator and the CPI are equally good at refle..

  Procedure necessary to solve for equilibrium analytically

Describe the procedure necessary to solve for equilibrium analytically. Show how this translates in an economy with an Edge worth box. If you have a demand curve as part of your solution method you should explain how it is derived from consumer and/o..

  Explain the viewpoints of classical and keynesian economists

Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them?

  What is value of price elasticity of demand for pepsi-cola

according to the midpoint formula, the value of price elasticity of demand for Pepsi-Cola.

  The total benefit and total cost functions

Suppose you can hire your mechanic for up to six hours. The total benefit and total cost functions are B(H)=420H-40H^2 and C(H)=100H+120H^2. The corresponding formulas for marginal benefit and marginal cost are MB(H)=420-80H and MC(H)=100+240H. Write..

  Characteristic of the oligopoly model

Which of the following is a characteristic of the oligopoly model?

  Spending is financed by a fresh increase in taxes equal

Suppose that marginal propensity to save is equal to 0.25, and the government increases its spending by $200 billion. This new increase in spending is financed by a fresh increase in taxes equal to $200 billion. As a result of this, GDP will:

  Merged firms versus partners making complementary products

Evaluate the costs & benefits of Microsoft’s decision to produce the Surface tablet completely in-house in light of what you know about merged firms versus partners making complementary products. Why do you think they chose to produce it this way?

  Find any inflection points

Calculate lim x?0- f'(x) and lim x0+ f'(x). Calculate f''(x), and find any inflection points and the intervals on which f(x) is concave up and concave down.

  To maximize consumption-widgetland should produce

Widgetland has 60 workers. Each worker can produce 10 widget(s) or 12 wadget(s). Each resident in Widgetland currently consumes 8 widget(s) and 8 wadget(s). Wadgetland also has 60 workers. Each can produce 10 widget(s) or 8 wadget(s). To maximize con..

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