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Author Question: The above figure shows Bobby's indifference map for juice and snacks. Also shown are three budget ... (Read 55 times)

awywial

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on: Jul 1, 2018
The above figure shows Bobby's indifference map for juice and snacks. Also shown are three budget lines resulting from different prices for snacks. As the price of snacks rises, the price for juice
 
  A) stays the same.
  B) increases.
  C) decreases
  D) might change, but there is not enough information to determine.

Question 2

In which type of contract is the agent paid per unit of output?
 
  A) A commission based contract.
  B) A sharecropping contract.
  C) A piece rate contract.
  D) A contract with stock options as salary.
Microeconomics ¦ Perloff ¦ 8th Edition
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joneynes

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

A

Answer to Question 2

C


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