« previous next »

Author Question: In the above figure, if income is 8, the initial price of a soft drink is 1, and the initial price ... (Read 81 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
In the above figure, if income is 8, the initial price of a soft drink is 1, and the initial price of a milkshake is 2, a decrease in the price of a milkshake to 1 will move the consumer from point ________ to point ________.
 
  A) a; b
  B) b; c
  C) a; d
  D) a; c

Question 2

If a natural monopoly is broken up into many smaller firms then
 
  A) the price will decrease.
  B) the average total costs of production will increase.
  C) efficiency will increase.
  D) None of the above because it is illegal to break up a natural monopoly into smaller firms.


eliasc0401

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

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?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

The meninges. This figure illustrates the location and structure of each layer of the meninges and t The meninges. This figure illustrates the location and structure of each layer of the meninges and t
The initial timing is where the spark plug fires at idle speed. The computer then advances the ... The initial timing is where the spark plug fires at idle speed. The computer then advances the ...
What Is a Standard Drink? What Is a Standard Drink?
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Bayesian Analysis of the Genotype of II-2 in Figure A.4 Bayesian Analysis of the Genotype of II-2 in Figure A.4
Figure 2.15.jpg Figure 2.15.jpg
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library