« previous next »

Author Question: The above figure shows your budget line and indifference curves. What quantities of gasoline and ... (Read 96 times)

Deast7027

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
The above figure shows your budget line and indifference curves. What quantities of gasoline and movie rentals would you choose?
 
  A) 25 gallons of gasoline and 15 movie rentals
  B) 10 gasoline and 10 movie rentals
  C) 20 gallons of gasoline and 5 movie rentals
  D) 15 gallons of gasoline and 8 movie rentals

Question 2

Which cost always increases as output increases?
 
  A) total cost
  B) marginal cost
  C) average total cost
  D) average fixed cost


Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
The photo shows an ultrasound image of a fetus of about 20 weeks’ gestational age. The photo shows an ultrasound image of a fetus of about 20 weeks’ gestational age.
A gasoline direct-injection system injects fuel under high pressure directly into the combustion ... A gasoline direct-injection system injects fuel under high pressure directly into the combustion ...
Bright-Line Spectra of Hydrogen and Helium Bright-Line Spectra of Hydrogen and Helium
The drum shown in the figure has a radius of 0.40 m and a moment of inertia of 2.3 kg m2about ... The drum shown in the figure has a radius of 0.40 m and a moment of inertia of 2.3 kg m2about ...
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Rh blood type and complications during pregnancy & Fertilization

For a complete list of videos, visit our video library