This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At Revolution Doughnuts in Fort Collins, Colorado, a cup of coffee or a doughnut is 1. Suppose ... (Read 68 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
At Revolution Doughnuts in Fort Collins, Colorado, a cup of coffee or a doughnut is 1. Suppose Hannah loves going to Revolution Doughnuts and usually buys 2 doughnuts and 1 cup of coffee.
 
  On the way to the shop, Hannah finds an extra 2 dollars in change in her car and buys an extra doughnut and cup of coffee. This means A) doughnuts are an inferior good and coffee is a normal good for Hannah.
  B) doughnuts are a normal good and coffee is an inferior good for Hannah.
  C) doughnuts and coffee are normal goods for Hannah.
  D) doughnuts and coffee are inferior goods for Hannah.

Question 2

A monopsony will hire another worker if the
 
  A) marginal cost of labor exceeds the value of marginal product.
  B) marginal cost of labor is less than the value of marginal product.
  C) marginal cost of labor is less than the wage rate.
  D) wage rate exceeds the value of marginal product.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


newbem

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
:D TYSM

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
This depiction breaks stereotypes, but is historically accurate. Shown here is an Iroquois fort. Can ... This depiction breaks stereotypes, but is historically accurate. Shown here is an Iroquois fort. Can ...
The Green Revolution and Air Pollution The Green Revolution and Air Pollution
Use tap water when making coffee, tea, or juice from concentrate, and for food preparation Use tap water when making coffee, tea, or juice from concentrate, and for food preparation
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: ribosome

For a complete list of videos, visit our video library