subject
Business, 11.02.2020 03:28 genyjoannerubiera

Over time, some goods change from being a normal good to an inferior good, or from being an inferior good to a normal good. One example is a CRT television, also known as a tube television. In the 1980s, households with more income usually purchased CRT TVs. Today, more CRT TVs are purchased by households with less income. What has happened to CRT TVs? Choose one: A. A CRT TV has become a normal good because buyers now believe it to be of a lower quality than other types of TV. B. A CRT TV has become an inferior good because as consumers gain more purchasing power, they purchase more of the product. C. A CRT TV has become an inferior good because people buy more of this type of TV when they have lower incomes. D. CRT TVs have become obsolete.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 03:00
How could brian, who doesn't want his car insurance premiums to increase, show he poses a low risk to his insurance company? a: drive safely to avoid accidents and traffic citations b: wash and wax his car regularly to keep it clean c: allow unlicensed drivers to drive carelessly in his car d: incur driver's license points from breaking driving laws
Answers: 1
question
Business, 22.06.2019 09:20
Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.
Answers: 2
question
Business, 22.06.2019 16:30
Which of the following has the largest impact on opportunity cost
Answers: 3
question
Business, 22.06.2019 17:00
Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is:
Answers: 2
You know the right answer?
Over time, some goods change from being a normal good to an inferior good, or from being an inferior...
Questions
question
Spanish, 29.01.2020 05:09
Questions on the website: 13722367