« previous next »

Author Question: Suppose a concert by Lady Gaga and a basketball game played by the L.A. Lakers are substitutes, then ... (Read 226 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
on: Jun 29, 2018
Suppose a concert by Lady Gaga and a basketball game played by the L.A. Lakers are substitutes, then which of the following is TRUE?
 
  A) If the price of a ticket to a Lakers game increases, then the demand for Lady Gaga tickets will fall.
  B) If the price of a ticket to a Lakers game decreases, the quantity of Lakers tickets demanded will increase.
  C) If the price of a ticket to a Lakers game increases, then the demand for Lady Gaga tickets will remain unchanged.
  D) The price of a ticket to a Lakers game will always equal the price of a ticket to a Lady Gaga concert.

Question 2

Refer to the above figure. A farmer has 50 acres of land on which to grow wheat or beans. An acre of land yields 400 bushels of beans or 800 bushels of wheat.
 
  Which of the following is a possible combination of beans and wheat that can be grown, assuming the land is farmed efficiently? A) 30,000 bushels of each
  B) 15,000 bushels of beans and 10,000 bushels of wheat
  C) 25,000 bushels of beans and 25,000 bushels of wheat
  D) 20,000 bushels of beans and 40,000 bushels of wheat


mk6555

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there
Which aspect of executive functioning is required to play the game of “Simon Says,” in which ... Which aspect of executive functioning is required to play the game of “Simon Says,” in which ...
Lady's Slipper (Cypripedium calceolus parviflorum) flower Lady's Slipper (Cypripedium calceolus parviflorum) flower
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Lady's Slipper (Cypripedium calceolus parviflorum) flower. Lady's Slipper (Cypripedium calceolus parviflorum) flower.
Video: Interview with Person having Obsessive Compulsive Disorder

For a complete list of videos, visit our video library