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

Author Question: If Sam has 80.00 each week to spend on tacos and magazines, and their respective prices are .50 per ... (Read 37 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
If Sam has 80.00 each week to spend on tacos and magazines, and their respective prices are .50 per taco and 4.00 per magazine, which of the following equations represents his budget line?
 
  A) 80.00 = .50/Qt + 4.00/Qm
  B) 80.00 = Qt/Qm + .50 /4.00
  C) 80.00 = .50(Qm) + 4.00(Qt)
  D) 80.00 = .50(Qt) + 4.00(Qm)

Question 2

Increasing marginal returns to labor might occur at low levels of labor input because of
 
  A) increasing average costs.
  B) differing factor proportions.
  C) increasing specialization of tasks.
  D) decreasing use of machinery and increasing use of technology.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

courtney_bruh

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

D

Answer to Question 2

C




Garrulous

  • Member
  • Posts: 686
Reply 2 on: Jun 29, 2018
Wow, this really help


pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Excellent

 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

For a complete list of videos, visit our video library