Suppose the price of chocolate chip cookies is 4.00 per pound and ...

[anjilletteb]

Suppose the price of chocolate chip cookies is 4.00 per pound and the price of a slice of cake is 2.00 per slice. The relative price of cake in terms of cookies is
 
  A) 1/2 pound of cookies per cake.
  B) 2 pounds of cookies per cake.
  C) 1/2 slice of cake per cookie.
  D) 2 slices of cake per cookie.

Question 2

The table above shows the short-run product schedule for Virginia's Tee-Shirts. What is the average product associated with hiring the fourth worker?
 
  A) 40 shirts
  B) 55 shirts
  C) 50 shirts
  D) 220 shirts

[Carissamariew]

Answer to Question 1

A

Answer to Question 2

B