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

Author Question: As shown in the above table, Sam enjoys sailing and skiing equally well. Which of the following is ... (Read 37 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
on: Jun 29, 2018
As shown in the above table, Sam enjoys sailing and skiing equally well. Which of the following is TRUE?
 
  A) Sam will not consume the same number of hours of sailing and skiing if the price per hour of sailing is more than that of skiing.
  B) If the prices per hour of sailing and skiing are the same, Sam will not spend the same number of hours at each activity.
  C) The marginal utility of the 3rd hour of either sailing or skiing is 120.
  D) None of the above is true.

Question 2

In the above figure, the curve has a slope that is ________.
 
  A) positive and becoming larger in magnitude
  B) positive and becoming smaller in magnitude
  C) negative and becoming larger in magnitude
  D) negative and becoming smaller in magnitude


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tranoy

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


waynest

  • Member
  • Posts: 553
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

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.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Assisting the patient to transfer from the bed or examining table to a wheelchair. Assisting the patient to transfer from the bed or examining table to a wheelchair.
Cradle the head to finish. Rest the head on the table. Place your fingers on the sides of the head ... Cradle the head to finish. Rest the head on the table. Place your fingers on the sides of the head ...
Apply effleurage and direct pressure on attachments of pectoralis minor. Lift one arm off the table ... Apply effleurage and direct pressure on attachments of pectoralis minor. Lift one arm off the table ...
A current-carrying wire is placed in a uniform magnetic field, as shown below. A current-carrying wire is placed in a uniform magnetic field, as shown below.
The genome of a typical retrovirus is shown at the top of the diagram The genome of a typical retrovirus is shown at the top of the diagram
Video: Requirements for nervous signals

For a complete list of videos, visit our video library