pamela sells 10 bottles of olive oil per week at $5 per bottle. she can sell 11 bottle per week if she lowers the price to $4.50 per bottle. the output effect would be A. $4.95 B.$50 C.$4.50 D. $45
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pamela sells 10 bottles of olive oil per week at $5 per bottle. she can sell 11 bottle per week if she lowers the
A. $4.95
B.$50
C.$4.50
D. $45
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- GrubHub, a food delivery service, has recently expanded to your area. The accompanying table contains the number of deliveries per month that you demand at various delivery prices. Use this information to plot (draw) your individual demand curve. Describe the slope of your individual demand curve. Price Deliveries $10 2 $7 4 $5 6 $4 8 $2 10 $1 12Agree or disagree, the price of coffe rices,causing the demand for sugar to decrease. Therefore, the two goods are substitutes.Optimal consumption refers to Multiple Choice the mix of products that maximizes total utility for the limited amount of income consumers have to spend. the total number of products that maximizes total utility for consumers. the maximum total utility a consumer receives by the consumption of one more item. the amount demanded that will create the strongest economy.