Smedley, a careful utility maximizer, consumes peanut butter and ice cream. Assume that both peanut butter and ice cream are normal goods. Right after he achieves the utility-maximizing level of consumption of the two goods, the price of ice cream increases. To adjust to this event, he consumes _____ peanut butter and _____ ice cream.

Answers

Answer 1

Considering the situation described above, to adjust to this event, he consumes more peanut butter and less ice cream.

This is because the price of the ice cream has increases, thereby following the law of demand and supply, which means the higher the price, the lower the demand.

Similarly, since the price of peanut butter remains the same, it is expected that Smedley would consume more of it.

Hence, in this case, it is concluded that the correct answer is more and less, respectively.

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Related Questions

What happens to total revenue (TR) if the price rises on a product with demand that is price inelastic

Answers

Answer:

rrokokokkoko

Explanation:nfjnjnrjnfjnrjnfjrnfjnrjfnrjnfjrnfjnrjnfjnrjfnjrnfjrnfjenfekrenkenfeknfekrjf nkj

when respect is missing in communication what is the result?

Answers

Answer:

I think fighting is the result

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The troupe’s account balance first reached $500 on Day 4. The last day the account balance was $500 was Day 8. (a)Determine C(5), C(6), and C(7). Explain how you determined these amounts. (b)Estimate C(1), C(2), and C(3). Explain how you determined these amounts. (c)The stage manager said that the amount of money taken out of the account each day between Day 8 and Day 11 was the same amount of money put into the account each day between Day 0 and Day 4. Recall that Day 11 is when the balance first reached $0. Without doing any calculations, how could you show the stage manager was incorrect?.

Answers

Answer:

its 4

Explanation:

If Kenneth wants to benefit from his company health insurance, he is allowed to visit only doctors who are in the company's network of providers. This type of coverage is known as a _____.

Answers

This type of coverage is known as Exclusive Provider Organization (EPO): A managed care plan that provides benefits only if care is rendered by providers within a specific network.

There are also other types of cover listed bellow:

Preferred Provider Organisation (PPO)Point-of-Service (POS) PlanStaff Model HMONetwork Model HMOIndividual Practice Association (IPA) Model HMOGroup Model HMO

What is an HMO?

Health Maintenance Organisation:

This can be defined as an organisation that provides health coverage of designated health services needed by plan members for a fixed prepaid premium.

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Two of the biggest products the United States receives from other countries are
medical equipment and plastics. What is the term for receiving products from other
countries?

Answers

Importation is the term used to describe the act of buying and securing goods from another country.

The profession of marketing is only about
years old.
A.3000
B. 50
C. 1000
D. 100

Answers

Answer:

B.50 anserwer........

Explanation:

TY

At a recent stockholders meeting for Ignate Inc., a group of stockholders expressed disagreement with the way that the managers were using free cash flow. Because they wanted to be able to control how the cash is invested, the stockholders lobbied that the free cash flow should be:

Answers

The stockholders lobbied that the free cash flow should be distributed to them as dividends.

The Free cash flow means money that business generates from its main business activities after necessary deduction of capital expenditures.

The Free cash flow are used to make further investment to allow more cash inflow into the organization.

But here, the stockholders are expressing their disagreement with the way that the managers were using free cash flow, therefore, they prefers that dividend are paid to them rather than managers investing the Free Cash Flow.

Therefore, the Option B is correct.

The options includes "a. used to pursue cross-border acquisitions. O b. distributed to them as dividends. O C. invested in new research and development O d. used to pay down corporate debt."

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In some states, judges have cited ________, a value shared by most Americans, in arguing against funding disparities between school districts created by a reliance upon property taxes in education.

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In some states, judges have cited equality, a value shared by most Americans, in arguing against funding disparities between school districts created by a reliance upon property taxes in education.

The basis of equality thinking was laid by French philosophers such as Voltaire, Rousseau and Denis Diderot. The foundation of egalitarianism can be found in the American Declaration of Independence, which was largely drafted by Thomas Jefferson and which was adopted by representatives of the then 13 British colonies on the American East Coast on July 4, 1776.

Traditional equality thinking is characterized by being equal not only in their rights, but also in their opportunities, rights to opportunities in education and work and all other areas of economic and social life.

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marketing is the activities, sets of institutions, and processes that add ______ for customers.

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The process of marketing includes creating, communicating, delivering and exchanging offerings that have value for customers,

Marketing refers to those action undertaken by firm for promoting purpose to facilitate more sales of its products or services.

The main objective of marketing action is to generate revenue for the company.

Therefore, the process of marketing includes creating, communicating, delivering and exchanging offerings that have value for customers.

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Answer:

Value

Explanation:

Marketing adds value for customers.

Sales tools like coupons and premiums used to support a company's advertising and personal selling directed to ultimate consumers are referred to as

Answers

Answer:consumer oriented sales promotions

Explanation:

if abc company receives $100,000 cash in exchange for issuing 100 bonds at their $1,000 face value, the transaction will be recorded with a

Answers

Based on the information the appropriate journal entry to record the transaction is : Debit to cash of $100,000; Credit to bonds payable of $100,000.

Based on the information given we were told that the cash  amount of $100,000 cash was received my the company in exchange for issuing 100 bonds at their $1,000 face value.

Therefore the correct journal entry to record the transaction is:

Debit  Cash  $100,000

Credit Bonds payable  $100,000

(To record bonds payable)

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A lender checking Jason's credit score for an auto loan would likely notice that...

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When a lender checks the credit score of Jason for an auto loan, they would most likely notice that b. He paid off a car loan after making every payment for 4 years.

Lenders checking credit scores:

Usually pay more attention to related loans Only bother with the credit score of the person in question not their relatives

The loan is for a car or an automobile of some sort so the lender will be looking for related loans in Jason's history. They will therefore most likely notice the car loan that was paid off.

In conclusion, a lender for an auto loan will most likely notice an auto loan history.

Options for this question include:

a. His savings account has more than $3000 in it

b. He paid off a car loan after making every payment for 4 years

c. When he stopped paying his credit card for 3 months 9 years ago

d. The credit scores of his family, including his parents and his wife if he is married

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Etsy Shop: Eclipseshoppee

I FOUND THIS STORE ON ETSY AND IT IS SOOOO AMAZING!!! PLEASE GO CHECK IT OUT FOR YOUR OWN SAKE!!

Answers

Thanks this sounds really cool

25. Math To make their exports suitable for use in
other countries, U.S. manufacturers must produce
goods that are measured in the metric
system.
For example, if a manufacturer wanted to export
paint, which is sold in gallons in this country, it
would probably export the paint in 4-liter cans
(about 1.4 gallons). To what sizes would the items listed be converted for export to countries using the metric system?

Answers

A metric system simply means the basic units that are used in measurement such as meter, kilogram, second, etc.

Your question is incomplete as you didn't provide the items to be converted. Therefore, an overview of the metric system will be given. The metric system is the system of measurement.

It should be noted that for length, the metric system include meter, centimeter, millimeter, and kilometer. The metric system for weight will be kilograms and grams. The metric system for capacity will be liter and millimeter. The metric system for to include hours, minutes, and seconds.

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Car dealerships commonly measure website performance by tracking visits, visitor traffic, and ________, the amount of time per month visitors spend on their website.

Answers

Car dealerships commonly measure websites by tracking visits,

visitor traffic, and stickiness, the amount of time per month visitors spend on

their website.

Websites are generally used to advertise the goods and services of a

company and the website activity are usually measured through some

factors.

The factors include number of visits to the website and the amount of time

spent on them. The stickiness which is how friendly and enticing the

websites are is also taken into consideration.

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Answer: Stickiness is the answer

Theory X employees find self-engaging activities within the company and are committed to their jobs. Group startsTrue or False

Answers

Theory X employees find self-engaging activities within the company and are committed to their jobs. False

An employee is someone companies lease and pay for work done. employees are labeled as folks who take direction from other experts within the business enterprise. Employers have a certain degree of manipulate over their behaviors, budget, and blessings.

The definition of an employee is a person who works for someone else or a corporation in change for wages or some other agree-to repayment. An instance of an employee is an character who is hired through McDonald's and is paid a sure amount of cash for each hour worked.

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Primarily because they require limited resources, ____________ businesses are the fastest-growing segment of small-business enterprise.

Answers

Answer:

Retail

Explanation:

They're less of a hassle to get started because they are independent.

Mr. Vernon owns stock in two S corporations, Able Corporation and Benson Incorporated This year, Mr. Vernon had the following income and loss items. Salary $ 74,000 Business income from Able $ 20,000 Business loss from Benson $ (33,000) If Vernon materially participates in Able's business but not in Benson's business, compute his AGI.

Answers

Based on the information given Mr. Vernon  AGI is $94,000.

Using this formula

Adjusted gross income(AGI)=Salary+ Business income from Able

Where:

Salary=$74,000

Business income from Able =$20,000

Let plug in the formula

Adjusted gross income(AGI)=$74,000+$20,000

Adjusted gross income(AGI)=$94,000

Inconclusion Mr. Vernon  AGI is $94,000.

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If a firm wished to maximize total revenues, it should produce where: a. marginal revenue is equal to marginal cost. b. marginal revenue is zero. c. marginal cost is zero. d. marginal revenue is equal to price.

Answers

Answer:

A. marginal revenue is equal to marginal cost

If a firm wished to maximize total revenues, it should produce where marginal revenue is equal to marginal cost. Thus, option A is correct.

What is the marginal cost?

The marginal cost is the rise in production costs caused by the manufacture of more product units. It's also referred to as the marginal cost of manufacturing. Measuring the marginal cost enables businesses to determine how volume produced affects cost and, eventually, profits.

The marginal cost is the incremental cost of producing an additional item. Assume that it costs $100 to produce 100 vehicle tires. It would cost $80 to create one extra tire. This is the marginal cost: the cost of producing one more unit of an item or service. The marginal cost is determined by the costs of production.

To maximize overall revenues, a company should create where marginal revenue equals marginal cost. As a result, option A is correct.

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true or false? credit balances will appear on the ledger as a positive balance.

Answers

Answer:

true

Explanation:

In the context of knowledge management, which task is performed by the chief knowledge officer (CKO) in an organization? a. Focusing on gaining and leveraging a keen understanding of consumers b. Ensuring that the organization profits from knowledge resources c. Identifying groups of people based on common interests and recommending products or services d. Ensuring that key knowledge resources are properly collected, stored, and disseminated among the consumers

Answers

Enterprise system is known simply as the  application used throughout the organization to support decision making. Chief knowledge officer (CKO) is known to ensuring that the organization profits from knowledge resources and also ensuring that key knowledge resources are properly collected, stored, and disseminated among the consumers

Chief Knowledge Officer (CKO) is responsible for the following

It is responsible for overseeing knowledge management within an organization. It ensures knowledge resources are properly collected stored, and disseminated among the decision-makers. Ensures organization profits from knowledge resources.

Conclusively, this position was made by organizations because of the importance of  Knowledge.

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1.
a.
Which of the following is NOT true about checking accounts?
A minimum balance must be kept in the account for the term specified?
b. Interest is sometimes paid on checking accounts.
It is okay to run a negative balance in your account as long as you pay the bank back.
d. Checking accounts typically offer lower interest rates than regular savings accounts.
C.

Answers

Answer:

Interest is sometimes paid on checking accounts.

It is okay to run a negative balance in your account as long as you pay the bank back.

An entity must adjust its financial statement for an event that occurs after the end of the reporting period if:

Answers

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gdp is composed of four main categories. which of those categories are the primary target of fiscal policy?

Answers

Answer: government spending, consumption spending.

Explanation: gdp is composed of consumption spending

The category that is the primary target of fiscal policy is the spending of the government.

What is GDP?

The full form of GDP is the Gross Domestic Product. It is a monetary measurement of all the final goods and services produced in a specific time period by countries, and it is the market value of all the final goods and services.

Personal consumption, business investment, government spending, and net exports are the four main categories of the GDP.

The aggregate of the government spending is the primary target of fiscal policy, as fiscal policy increases in the real GDP.

Therefore, the category that targets the fiscal policy is the government spending.

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Mercury Group depends heavily on its workforce of software engineers, systems analysts, and coders. Which statement best explains why Mercury Group would offer its employees paid maternity and paternity leave

Answers

The most likely reason why the Mercury Group is offering all these things is that d. It makes the company more attractive to workers who are in high demand

Mercury Group relies on its workforce which means that it has to attract the best. To do so, they need to offer good incentives such as:

Better pay Better non-financial incentives

Paid maternity and paternity leaves are examples of non-financial incentives and offering these would attract good workers to Mercury which would allow them to maintain an edge.

In conclusion, Mercury Group does the above to attract better workers.

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Jerry is using social media to market products directly to end users. this type of marketing is defined as ____

Answers

The use of social media to market products directly to end users is referred

to as business to consumer marketing.

Marketing involves advertising goods and services to the consumers so as

to coerce them into buying in order to increase sales and profit of the

company.

Business to consumer marketing involves direct relationship and contact

with the final consumers and this helps to take into consideration their

preferences and how to improve the products.

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part partnership part limited company. Owners are members, not partners. They have limited liability and have to make their finances available to the public.

Answers

Answer:

In a limited partnership (LP), at least one partner has unlimited liability—the general partner(s). The other partners (limited partners) have limited liability, meaning their personal assets typically cannot be used to satisfy business debts and liabilities.

Explanation:

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Before a response test, a student should
a. Create a study guide
b.Talk to a teacher for study suggestions
c.Formulate potential test questions
d. All of these

Please select the best answer from the choices provided

Answers

Answer:

d

Explanation:

All of these can be useful when taking a test. you should always make a study guide, talk to the teacher, And practice the questions that could be on the test.

Joint costs are ______. Multiple choice question. economically attributable to all end products irrelevant in decisions regarding what to do with a product after split-off common costs that must be allocated to make decisions about the individual products increased or decreased after the split-off point

Answers

Joint costs are irrelevant in decisions regarding what to do with a product after split-off.

The reason for this answer is because they are not relevant for the decision to either sell or to process further.

The costs are the same. It does not matter if you are to sell at a split off or not. We can then regard it as either a past or sunk cost. In summary it means that they have being paid off already.

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The risk premium of a stock is NOT affected by its ________. unsystematic risk market risk systematic risk undiversifiable risk

Answers

The role of diversification is to narrow the range of possible outcomes. Unsystematic risk does not factor into an investment 's risk premium, since this type of risk can be diversified away.

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