« previous next »

Author Question: Suppose a concert by Lady Gaga and a basketball game played by the L.A. Lakers are substitutes, then ... (Read 212 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?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

The Australian painted lady feeding on a flowering shrub The Australian painted lady feeding on a flowering shrub
Young or old lady? Young or old lady?
Apple's Game Console Apple's Game Console
Exekias (Potter And Painter) AJAX AND ACHILLES PLAYING A GAME Exekias (Potter And Painter) AJAX AND ACHILLES PLAYING A GAME
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, ...
"Game Development in Eight Bits" by Kevin Zurawel
Video: Arthritis

For a complete list of videos, visit our video library