Author Question: Refer to Scenario 16.2. What is Sally's marginal rate of substitution of tee shirts for candy at the ... (Read 69 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
Refer to Scenario 16.2. What is Sally's marginal rate of substitution of tee shirts for candy at the current distribution?
 
  A) 7/2.
  B) 2
  C) 1/2.
  D) It is impossible to determine without the prices of each commodity.

Question 2

Over the next few years, several newly constructed office blocks will become available at the World Trade Center site. As well, economists expect the New York economy will continue to exhibit modest growth.
 
  What is the expected outcome for the office space market in downtown Manhattan? A) Unambiguously higher equilibrium rental rates and quantity
  B) Unambiguously lower equilibrium rental rates and quantity
  C) Unambiguously higher rental rates, and equilibrium quantity could be higher or lower
  D) Unambiguously higher equilibrium quantity, and equilibrium rental rates could be higher or lower



fatboyy09

  • Sr. Member
  • ****
  • Posts: 358
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

For a complete list of videos, visit our video library