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Author Question: If Gladys sells her 1998 Jeep Cherokee for 3,500 in 2016, the sale of her car contributes 3,500 to ... (Read 55 times)

jace

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on: Jun 29, 2018
If Gladys sells her 1998 Jeep Cherokee for 3,500 in 2016, the sale of her car contributes 3,500 to 2016 GDP.
 
  Indicate whether the statement is true or false

Question 2

Refer to Figure 10-8. Given the budget constraint in the diagram, which of the following statements is false?
 
  A) Consumption bundles b and c yield the same level of utility, which is higher than the utility represented by bundle a.
  B) The consumer's optimal bundle could be bundle d, e, or f.
  C) Although the consumer receives the same level of utility from bundles d and e, she cannot afford to purchase bundle d.
  D) The consumer receives the same level of utility from consumption bundles d, e, and f.


TheNamesImani

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


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