Business, 13.11.2019 20:31 gracethegreat1

George buys 2.5 pounds of hamburger and 2 pounds of chicken per week when hamburger costs $4 per pound and chicken costs $5 per pound, and this bundle of goods costs him $20 per week. what will happen if the price of hamburger drops to $2 per pound and the price of chicken increases to $7.50 per pound? [note that george's original bundle of hamburger and chicken still costs $20 after these price changes.] a. george buys less hamburger and more chicken, and he is better off. b. george buys more hamburger and less chicken, and he is better off. c. george buys more hamburger and less chicken, and he is just as well off as before. d. george buys more hamburger and less chicken, and he is worse off. e george buys the same amounts of hamburger and chicken as before, and he is just as well off as before. f. george buys less hamburger and more chicken, and he is worse off.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 17:00

Problems and applications q3 suppose the demand for french bread falls. illustrate the effect this has on the market for french bread. demand supply price of french bread quantity of french bread d 1 d 2 supply producer surplus in the market for french breadincreases . illustrate the effect the quantity change in french bread has on the market for flour. demand supply price of flour quantity of flour d 1 d 2 s 1 s 2 producer surplus in the market for flour .

Answers: 1

Answer

Business, 21.06.2019 21:00

According to maslow's hierarchy of needs theory, which of the following would be an issue that requires the fulfillment of a lower order need? a)the need for a challenging project at work. b)the need for a promotion at work.c) the need to locate your business in an area with a low crime rate. d)the need for a mentor to you ascend within the company. none of the above

Answers: 3

Answer

Business, 22.06.2019 21:10

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i.e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?

Answers: 1

Answer

Business, 22.06.2019 21:20

White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x − x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?

Answers: 1

Answer

You know the right answer?

George buys 2.5 pounds of hamburger and 2 pounds of chicken per week when hamburger costs $4 per pou...

Questions