Author Question: For the Jones household it has been estimated that for every ten degrees increase in the outdoor ... (Read 61 times)

Engineer · **on:** Jun 29, 2018

For the Jones household it has been estimated that for every ten degrees increase in the outdoor temperature the consumption of ice tea increases by 5 glasses.

What type of relationship exists between temperature change and the consumption of ice tea? A) negative relationship
B) positive relationship
C) no relationship
D) maximum relationship

Question 2

Refer to the table above. Suppose that the only variable input that the firm uses is labor. What is the wage paid to a worker in the firm?

A) 1
B) 5
C) 10
D) 15