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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 59 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
Thanks for the timely response, appreciate it

ktidd

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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