When Brenda Was in College,she Worked Part-Time Delivering Pizzas and She

question 92

Multiple Choice

When Brenda was in college,she worked part-time delivering pizzas and she ate five boxes of macaroni and cheese per week.After graduation,she became a high school teacher and ate only two boxes of macaroni and cheese per week.From this information,

• A)macaroni and cheese is a normal good for Brenda
• B)the law of demand applies to macaroni and cheese for Brenda
• C)macaroni and cheese are substitute goods
• D)macaroni and cheese is an inferior good for Brenda
• E)Brenda's income elasticity of demand for macaroni and cheese is positive

---

Definitions:

Employer-Employee Relationship

The formal association between a company or organization and its workers, governed by an employment contract and labor laws.

Take-Home Pay

The amount of income left after deductions such as taxes and retirement contributions.

Fringe Benefits

Additional compensation provided to employees beyond their normal wages or salaries, such as health insurance, retirement plans, and paid time off.

Monopsonist

A market condition where there is only one buyer in the market, giving the buyer significant power over sellers in terms of price and terms.