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Author Question: Charlene is willing to pay 5.00 for a sandwich. If Charlene must pay ________ for a sandwich, she ... (Read 111 times)

jeatrice

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Charlene is willing to pay 5.00 for a sandwich. If Charlene must pay ________ for a sandwich, she ________.
 
  A) 4.00; does not receive consumer surplus
  B) 4.00; receives consumer surplus
  C) 6.00; receives consumer surplus
  D) 6.00; receives a marginal cost

Question 2

Using the notation Pt to designate this period's price level and Pt-1 to designate last period's price level, the formula for measuring the inflation rate from last period to this period is
 
  A) (Pt - Pt - 1 ) / Pt  100.
  B) (Pt -1 - Pt) / Pt - 1  100.
  C) (Pt - Pt - 1 ) / Pt - 1  100.
  D) (Pt -1 - Pt) / Pt  100.



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emilymalinowski12

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Answer to Question 1

B

Answer to Question 2

C




jeatrice

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Reply 2 on: Jun 29, 2018
Gracias!


nathang24

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Reply 3 on: Yesterday
Wow, this really help

 

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