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Author Question: Suppose that the price of cornflakes is 3 per box and the price of oatmeal is 4.50 per box. Both ... (Read 49 times)

mia

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on: Jun 29, 2018
Suppose that the price of cornflakes is 3 per box and the price of oatmeal is 4.50 per box. Both boxes contain the same number of ounces of cereal. The relative price of cornflakes in terms of oatmeal is
 
  A) 0.67.
  B) 1.0.
  C) 0.75.
  D) 1.50.

Question 2

In a market system, intermediaries in the exchange process are known as
 
  A) producers.
  B) consumers.
  C) middlemen.
  D) free agents.


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Jadwiga9

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


mia

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Reply 2 on: Jun 29, 2018
Excellent

mochi09

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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