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

Author Question: The private sector surplus or deficit equals A) saving minus investment. B) net taxes minus ... (Read 130 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 29, 2018
The private sector surplus or deficit equals
 
  A) saving minus investment.
  B) net taxes minus government purchases.
  C) investment minus saving.
  D) government purchases minus net taxes.

Question 2

Steve has two goods he can spend his income on, skiing and skating, and his marginal utilities from each are in the table above. The price of each unit of skiing is 10 and the price of each unit of skating is 5. Steve has 40 to spend.
 
  What quantities of skiing and skating should Steve consume to maximize his utility? A) 4 units of skiing and 4 units of skating
  B) 2 units of skiing and 4 units of skating
  C) 1 unit of skiing and 2 units of skating
  D) 5 units of skiing and 5 units of skating


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CharlieArnold

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jun 29, 2018
:D TYSM

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Symptoms That May Lead to a Diagnosis of Attention Deficit/Hyperactivity Disorder Symptoms That May Lead to a Diagnosis of Attention Deficit/Hyperactivity Disorder
Private Practice Massage Therapy Business Plan Private Practice Massage Therapy Business Plan
Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out
Relationship between Trust and Investment Relationship between Trust and Investment
Overallocation of Labor to Sector 1 Overallocation of Labor to Sector 1
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library