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Author Question: Which of the following goods is NOT a likely component of the Consumer Price Index? A) Hamburger ... (Read 23 times)

nramada

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on: Jul 1, 2018
Which of the following goods is NOT a likely component of the Consumer Price Index?
 
  A) Hamburger
  B) 87 octane gasoline
  C) Structural steel beams
  D) Movie tickets

Question 2

If Jill's MRS of popcorn for candy is 2 (popcorn is on the horizontal axis), Jill would willingly give up:
 
  A) 2, but no more than 2, units of popcorn for an additional unit of candy.
  B) 2, but no more than 2, units of candy for an additional unit of popcorn.
  C) 1, but no more than 1, unit of candy for an additional 2 units of popcorn.
  D) 2, but no more than 2, units of popcorn for an additional 2 units of candy.


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tandmlomax84

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

C

Answer to Question 2

B


nramada

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Dnite

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Reply 3 on: Yesterday
Excellent

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