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Author Question: Holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the ... (Read 103 times)

Wadzanai

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on: Jul 1, 2018
Holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the supply curve for carrots to
 a. Shift to the left, causing the prices of carrots to rise
 b. Shift to the left, causing the prices of carrots to fall
 c. Stay the same
 d. The supply curve does not shift. Only the demand curve shifts.

Question 2

At a fair carnival roulette wheel, a player can either win 10, 30, or 80 . Assuming a rational player, how much should the game owner charge the player, to maximize his own profit?
 a. 30
  b. 40
  c. 50
  d. 80


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sultana.d

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


Wadzanai

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  • Posts: 528
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

AmberC1996

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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