This topic contains a solution. Click here to go to the answer

Author Question: The rate at which Sam is willing to give up a gallon of gasoline to get one more pound of coffee, ... (Read 83 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
The rate at which Sam is willing to give up a gallon of gasoline to get one more pound of coffee, and remain on the same indifference curve is called his
 
  A) opportunity cost of coffee.
  B) opportunity cost of gasoline.
  C) personal price of coffee.
  D) marginal rate of substitution.

Question 2

The above table shows some cost data for Tracey's Tents. What is the average fixed cost when 4 tents are produced?
 
  A) 50.00
  B) 12.50
  C) 25.00
  D) 37.50



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joanwhite

  • Sr. Member
  • ****
  • Posts: 308
Answer to Question 1

D

Answer to Question 2

B




Bernana

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

 

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?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

For a complete list of videos, visit our video library