Author Question: Refer to Figure 13-1. The marginal revenue from the increase in price from P0 to P1 equals A) the ... (Read 74 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
Refer to Figure 13-1. The marginal revenue from the increase in price from P0 to P1 equals
 
  A) the area (A - D). B) the area (B + D - A).
  C) the area (C - B). D) the area A.

Question 2

Refer to Table 10-2. Suppose Keira's income increases from 18 to 23 but prices have not changed. What is her utility maximizing bundle now?
 
  A) 5 cups of soup and 4 sandwiches B) 5 cups of soup and 5 sandwiches
  C) 6 cups of soup and 5 sandwiches D) 4 cups of soup and 5 sandwiches



peter

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

For a complete list of videos, visit our video library