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one dozen bagels by 3 percent ExplainThe average 15-year-old purchases 12 CDs and 15 cheese pizzas in a typical year If cheese pizzas are inferior

one dozen bagels by 3 percent? Explain.The average 15-year-old purchases 12 CDs and 15 cheese pizzas in a typicalyear. If cheese pizzas are inferior goods, would the average 15-year-old beindifferent between receiving a $30 gift certificate at a local music store and$30 in cash? Explain.A common marketing tactic among many liquor stores is to offer their clien-tele quantity (or volume) discounts. For instance, the second-leading brand ofwine exported from Chile sells in the United States for $8 per bottle if theconsumer purchases up to eight bottles. The price of each additional bottle isonly $4. If a consumer has $100 to divide between purchasing this brand ofwine and other goods, graphically illustrate how this marketing tactic affectsthe consumer’s budget set if the price of other goods is $1. Will a consumerever purchase exactly eight bottles of wine? Explain.

Apr 30 2020 View more View Less

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