The above table gives Sue's marginal utility schedules for sub sandwiches and Mountain Dew, the only products Sue consumes. Suppose initially the price of a sub sandwich is 4 each and the price of a Mountain Dew is 2 each. Sue's income is 12.
If the price of subs rises to 6 each, Sue will consume A) more Mountain Dews.
B) fewer subs.
C) fewer Mountain Dews so that she can still afford to buy two subs.
D) Both answers A and B are correct.
Question 2
The table above gives information about the labor market in Lantis, a community in which the labor market is perfectly competitive.
If the demand for labor decreases by 200 hours per day, the equilibrium wage rate falls to ________ an hour and the quantity of labor employed ________ hours per day. A) 10; remains at 400
B) 10; decreases to 300
C) 20; increases to 400
D) 5; remains at 200
Hartmann's mountain zebra (E. zebra hartmannae)
Newest Periodic Table
Mountain Bongo About 50, Kenya and Gaur About 36,000, Southeast Asia
Subduction and Mountain Building
This table shows the growth of a crowd at a rally over a 3 h period.
table