Author Question: You observe that an increase in the price of salsa decreases the demand for tortilla chips and ... (Read 98 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530
You observe that an increase in the price of salsa decreases the demand for tortilla chips and increases the demand for potato chips. You can conclude that
 
  A) salsa and tortilla chips are substitutes.
  B) salsa and potato chips are complements.
  C) tortilla chips and potato chips are complements.
  D) salsa and tortilla chips are complements.

Question 2

Suppose that an Intel worker rearranges existing machines and labor and increases the quantity of chips Intel can produce. Using the productivity curve graphed, this innovation would be described as
 
  A) a movement upward along the curve.
  B) a movement downward along the curve.
  C) a shift of the curve upward.
  D) a shift of the curve downward.
  E) no change to the productivity curve.



Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Cnarkel

  • Sr. Member
  • ****
  • Posts: 339

 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

For a complete list of videos, visit our video library