Author Question: Suppose that a consumer regards two types of soap as perfect substitutes for one another. The price ... (Read 92 times)

jessicacav

  • Hero Member
  • *****
  • Posts: 558
Suppose that a consumer regards two types of soap as perfect substitutes for one another. The price consumption path generated by changing the price of one type of soap
 
  A) is always upward sloping.
  B) is always horizontal.
  C) is always vertical.
  D) corresponds with the axis for the cheaper soap.
  E) corresponds with the axis for the more expensive soap.

Question 2

Refer to Scenario 14.3. What is the marginal profit from hiring the third unit of labor?
 
  A) 30
  B) 65
  C) 85
  D) 225
  E) none of the above



mcni194

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

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?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

For a complete list of videos, visit our video library