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

Author Question: Mary has 10 to spend each week on coffee, Qc and magazines, Qm. The price of a coffee is 1, and the ... (Read 74 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
Mary has 10 to spend each week on coffee, Qc and magazines, Qm. The price of a coffee is 1, and the price of a magazine is 2. Mary's budget equation is ________.
 
  A) Qm = 10 - Qc
  B) Qm + Qc = 20
  C) 1  Qc + 2  Qm = 10
  D) Qm = 10 - 2  Qc

Question 2

An external benefit is a benefit that ________.
 
  A) is enjoyed by someone other than the buyer of a good
  B) always equals external cost
  C) experiences increasing marginal returns
  D) is greatest at the equilibrium point


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fromAlphatoOmega22

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


j.rubin

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
Wow, this really help

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Tooth enamel is laid down in daily increments, with darker bands accumulating about once a week. Tooth enamel is laid down in daily increments, with darker bands accumulating about once a week.
Holy Week in Spain Holy Week in Spain
(B) Actual photo of fetus at week 9. (B) Actual photo of fetus at week 9.
Nutrition-related research findings are often lead stories in newspapers, magazines, and on websites Nutrition-related research findings are often lead stories in newspapers, magazines, and on websites
Week by week fetus growth Week by week fetus growth
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library