Twenty Years Ago, Amanda Consumed Cans of Motor Oil Which

question 22

Multiple Choice

Twenty years ago, Amanda consumed cans of motor oil which cost her 6 pesos each and gallons of gasoline which cost her 14 pesos each.With her income of 112 pesos, she bought 7 cans of motor oil and 5 gallons of gasoline.Today she has an income of 230 pesos.Cans of motor oil now cost 10 pesos each and gallons of gasoline now cost 32 pesos each.Assuming her preferences haven't changed, she

• A)is definitely better off than she was 20 years ago.
• B)was definitely better off 20 years ago than she is now.
• C)is just as well off as she was 20 years ago.
• D)may be either better or worse off now than 20 years ago.There is not enough information to determine which is the case.
• E)is behaving irrationally.

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Definitions:

Vertical Marketing Systems

A coordinated structure where producers, wholesalers, and retailers operate as a unified system, often through ownership or contractual relationships, to improve efficiency and reduce costs.

Channel Conflict

A situation where there is a clash or disagreement among marketing channels, typically involving competition between channels.

Corporate Vertical Marketing

A marketing strategy that focuses on creating tailor-made products or services for specific industry verticals or specialized markets.

Wholesaler-sponsored

Pertains to promotional activities or programs initiated by wholesalers to boost the demand for certain products among retailers.