This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At Revolution Doughnuts in Fort Collins, Colorado, a cup of coffee or a doughnut is 1. Suppose ... (Read 27 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
At Revolution Doughnuts in Fort Collins, Colorado, a cup of coffee or a doughnut is 1. Suppose Hannah loves going to Revolution Doughnuts and usually buys 2 doughnuts and 1 cup of coffee.
 
  On the way to the shop, Hannah finds an extra 2 dollars in change in her car and buys an extra doughnut and cup of coffee. This means A) doughnuts are an inferior good and coffee is a normal good for Hannah.
  B) doughnuts are a normal good and coffee is an inferior good for Hannah.
  C) doughnuts and coffee are normal goods for Hannah.
  D) doughnuts and coffee are inferior goods for Hannah.

Question 2

A monopsony will hire another worker if the
 
  A) marginal cost of labor exceeds the value of marginal product.
  B) marginal cost of labor is less than the value of marginal product.
  C) marginal cost of labor is less than the wage rate.
  D) wage rate exceeds the value of marginal product.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


newbem

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

The Green Revolution The Green Revolution
Phil Collins - In The Air Tonight Phil Collins - In The Air Tonight
Christo, Over the River, Project for the Arkansas River, State of Colorado. Christo, Over the River, Project for the Arkansas River, State of Colorado.
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
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 ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Carbohydrate Metabolism: Introduction to renal processes and filtrate formation and composition

For a complete list of videos, visit our video library