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Author Question: Related to the Economics in Practiceon page 25: How did the introduction of the microwave oven in ... (Read 62 times)

Anajune7

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on: Apr 19, 2019

Related to the 
Economics in Practice on page 25: How did the introduction of the microwave oven in 1960 affect the market for frozen food?


◦ It encouraged people to leave the work force by making cooking easier and less time-consuming.
◦ It reduced the opportunity cost of eating frozen food by decreasing the amount of time required to prepare frozen meals.
◦ It increased the financial cost of alternative methods of food preparation, such as conventional ovens.
◦ It made frozen foods more appealing by increasing the variety of meals that could be frozen and reheated.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Anajune7 on Apr 19, 2019

xoxo123

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Reply #1 on: Apr 19, 2019
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Anajune7

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Reply #2 on: Apr 19, 2019
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xoxo123

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Reply #3 on: Apr 19, 2019
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