The French Bakery ran a special which decreased the price of its croissants from 1.50 to 1.00. Although her money income had not changed, Toni decided to buy 2 croissants instead of her usual 1 bagel and 1 croissant.
Toni's actions are explained by which of the following?
A) income and substitution effects
B) price effect
C) consumption effect
D) income effect only or substitution effect only but not both effects
Question 2
As a firm hires more labor in the short run, the
A) extra output of another worker may rise at first, but eventually must fall.
B) costs of production are increasing at a fixed rate per unit of output.
C) level of total product stays constant.
D) output per worker rises.
When the White House tapes were turned over to the special prosecutor, several crucial sections had ...
Coding for Special Situations Cont
Coding for Special Situations Cont
How to create a price index to calculate inflation for a basket of goods
Special Triangles
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?