Before an uneven rise in prices Allan consumed five bread and six juice. After the price increase and with an increased welfare payment from the government Allan consumes four bread and seven juice.
Does the government payment represent a true cost-of-living adjustment? A) Yes, if the two consumption bundles lie on the same indifference curve.
B) Yes, if the second bundle yields more utility than the first.
C) No, the first bundle is clearly preferred.
D) Not enough information.
Question 2
When the slope of the total revenue curve is equal to the slope of the total cost curve
A) profit is maximized.
B) marginal revenue equals marginal cost.
C) the marginal cost curve intersects the total average cost curve.
D) the total cost curve is at its minimum.
E) Both A and B
How much the temperature will rise depends on many factors that affect the level of GHG emission
Brown Bread contains calcium, phosphorous, potassium, iron, magnesium and sodiu
Effect of an Increase in gA,2 on Productivity and Output
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Micrograph illustrating the bread mold Neurospora crassa
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...