« previous next »

Author Question: The opportunity cost of a hot dog in terms of hamburgers is the A) ratio of the slope of the ... (Read 39 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
on: Jun 29, 2018
The opportunity cost of a hot dog in terms of hamburgers is the
 
  A) ratio of the slope of the demand curve for hot dogs to the slope of the demand curve for hamburgers.
  B) ratio of the slope of the supply curve for hot dogs to the slope of the supply curve for hamburgers.
  C) money price of a hot dog minus the money price of a hamburger.
  D) ratio of the money price of a hot dog to the money price of a hamburger.

Question 2

The price elasticity of demand is calculated as the absolute value of the
 
  A) percentage change in quantity demanded divided by the percentage change in price.
  B) percentage change in price divided by the percentage change in quantity demanded.
  C) change in quantity demanded divided by the change in price.
  D) change in price divided by the change in quantity demanded.


kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

The north-facing slope at this site supports a Mediterranean woodland, while the vegetation on the s The north-facing slope at this site supports a Mediterranean woodland, while the vegetation on the s
Body Region Terms Body Region Terms
Frequently Used Computer Terms Frequently Used Computer Terms
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
Common Combining Terms Common Combining Terms
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library