« previous next »

Author Question: Joe has 50, which he spends on movies and pizza. If the price of a pizza falls, Joe can A) ... (Read 109 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
on: Jun 29, 2018
Joe has 50, which he spends on movies and pizza. If the price of a pizza falls, Joe can
 
  A) consume more of both goods.
  B) consume more pizza only if he gives up some movies.
  C) consume more movies only if he gives up some pizza.
  D) consume more pizza only.

Question 2

A private cost is a cost of production that is borne by the
 
  A) consumer of the good.
  B) producer of the good.
  C) government.
  D) consumer of the good and the government.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


sultansheikh

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Wahkeena Falls at Columbia River Gorge in Oregon in the autumn. Wahkeena Falls at Columbia River Gorge in Oregon in the autumn.
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Pizza Slices Pizza Slices
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library