This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The above table shows Priscilla's marginal utility from the two goods she consumes, pizza and Pepsi. ... (Read 112 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
on: Jun 29, 2018
The above table shows Priscilla's marginal utility from the two goods she consumes, pizza and Pepsi. Initially, a slice of pizza costs 4 and a can of Pepsi 2. Suppose Priscilla has 12 to spend.
 
  If the price of pizza falls to 2, Priscilla will choose to A) consume more pizza.
  B) consume more Pepsi.
  C) consume less pizza.
  D) Both answers A and B are correct.

Question 2

Economic profit sends a signal to entrepreneurs by telling them where
 
  A) price exceeds marginal cost.
  B) there are many buyers and many sellers.
  C) the shutdown point is.
  D) an above normal return on investment can be earned.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cloudre37

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


tuffie

  • Member
  • Posts: 534
Reply 2 on: Jun 29, 2018
Wow, this really help

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

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).

Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph
Periodic Table Periodic Table
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
Stretch anterior tissues by pressing down on shoulders. Stand at the head of the table. Place the ... Stretch anterior tissues by pressing down on shoulders. Stand at the head of the table. Place the ...
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Self-crossing F2 plants to produce an F3 generation shows that there are two different genotypes amo Self-crossing F2 plants to produce an F3 generation shows that there are two different genotypes amo
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library