« previous next »

Author Question: Suppose the respective prices of yogurt, candy bars, and popcorn in Year 1 are 1, 2, and 3 . In Year ... (Read 23 times)

WWatsford

  • Hero Member
  • *****
  • Posts: 539
    • Biology Forums!
on: Jun 30, 2018
Suppose the respective prices of yogurt, candy bars, and popcorn in Year 1 are 1, 2, and 3 . In Year 2, the unit prices of each are 2, 3, and 4 respectively. Which of the following statements is true of the price level between Year 1 and Year 2?
 a. It decreased by 20 percent.
 b. It increased by 33 percent.
 c. It increased from 6 to 9.
 d. It decreased at a rate between 20 percent and 50 percent.
  e. It increased at a rate between 33 percent and 100 percent.

Question 2

If the MRP is less than the wage, the firm should hire more labor.
 a. True
  b. False
  Indicate whether the statement is true or false


Dnite

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
Kahan (Last Year) Kahan (Last Year)
Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ... Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ...
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library