This topic contains a solution. Click here to go to the answer

Author Question: Shaniq has seen two movies this week and two baseball games. Her marginal utility of one more movie ... (Read 108 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
Shaniq has seen two movies this week and two baseball games. Her marginal utility of one more movie is 20 and her marginal utility of one more baseball game is 30. Shaniq will go to a baseball game tonight, rather than to another movie
 
  A) no matter how much more the baseball game costs compared to the movie.
  B) if the baseball game costs 10.00 and the movie costs 7.00.
  C) if the baseball game costs 10.00 and the movie costs 5.00.
  D) Both answers B and C are correct.

Question 2

If the price level in Great Britain increases from 102 to 105 (holding all else constant), real wealth ________ and there is a movement ________ along Great Britain's aggregate demand curve.
 
  A) decreases; upward
  B) increases; upward
  C) decreases; downward
  D) increases; downward



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

B

Answer to Question 2

A




SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

For a complete list of videos, visit our video library