A Popular Dinner Among College Students Today Is Sushi,green Tea,and

question 90

Multiple Choice

A popular dinner among college students today is sushi,green tea,and wasabi dip so these foods are complements.If the price of green tea increases and the price of wasabi dip increases,what would be the effect on demand for sushi at lunch?

• A) The demand for sushi would decrease.
• B) The demand for sushi would be unaffected, but the price would increase.
• C) The demand for sushi could increase or decrease.
• D) The demand for sushi would increase.
• E) The demand for sushi would be unaffected, but the price would decrease.

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Definitions:

Total Variable Cost

Total Variable Cost is the sum of all costs that vary with the level of production or output, including materials, labor, and other expenses that change in proportion to activity.

Fixed Cost

Fixed cost refers to expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Marginal Cost

The additional expenditure required to produce one more unit of a product or service.

Output

The amount of goods or services produced by a firm, industry, or economy within a particular time period.