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Author Question: A budget constraint A) represents the bundles of consumption that make a consumer equally happy. ... (Read 106 times)

Starlight

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on: Jun 29, 2018
A budget constraint
 
  A) represents the bundles of consumption that make a consumer equally happy.
  B) reflects the desire by consumers to increase their income.
  C) refers to the limited amount of income available to consumers to spend on goods and services.
  D) shows the prices that a consumer chooses to pay for products he consumes.

Question 2

Suppose the equilibrium price in a perfectly competitive industry is 10 and a firm in the industry charges 12. Which of the following will happen?
 
  A) The firm will sell more output than its competitors.
  B) The firm will not sell any output.
  C) The firm's revenue will increase.
  D) The firm's profits will increase.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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enass

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Starlight

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Reply 2 on: Jun 29, 2018
Excellent

robbielu01

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

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