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Author Question: Refer to the scenario above. If both individuals are offered movie tickets worth 40 utils today ... (Read 93 times)

mia

  • Hero Member
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  • Posts: 564
on: Jun 29, 2018
Refer to the scenario above. If both individuals are offered movie tickets worth 40 utils today instead of the gift voucher, then which of the following statements is true?
 
  A) Both Susan and Jim will prefer to retain the gift voucher.
  B) Both Susan and Jim will prefer the movie tickets over the gift voucher.
  C) Susan will prefer the gift voucher, while Jim will prefer the movie ticket.
  D) Jim will prefer the gift voucher, while Susan will prefer the movie ticket.

Question 2

The above figures show the market for gasoline. Which figure(s) shows the effect of a decision by the OPEC countries in the Middle East to export less oil to the rest of the world?
 
  A) Figure B
  B) Figure C
  C) Figure D
  D) Figures B and C


kkenney

  • Sr. Member
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  • Posts: 352
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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