« previous next »

Author Question: A demand curve is a A) graphical representation of the demand schedule. B) graphical ... (Read 157 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
on: Jun 29, 2018
A demand curve is a
 
  A) graphical representation of the demand schedule.
  B) graphical representation of alternative demands.
  C) horizontal line connecting amounts demanded at various income levels.
  D) graphical relationship, that includes several things such as tastes, time, and supply.

Question 2

John has an economics test tomorrow. He must study and has planned the rest of his day so that he can fit some study time in. He has decided to go to the gym and then study for several hours. Which of the following statements is TRUE?
 
  A) John did not use the economic way of thinking because his decision on how to allocate his time did not involve money.
  B) John's decision on how to allocate his time is inconsistent with the rationality assumption since he has decided to go to the gym.
  C) John's decision on how to allocate his time is consistent with the rationality assumption since the decision is intended to make him better off.
  D) John's decision does not involve his pursuit of self-interest.


kaillie

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

The age-dependent curve of salivary progresterone levels in three populations. The age-dependent curve of salivary progresterone levels in three populations.
How to find the equation of a cosine curve How to find the equation of a cosine curve
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library