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 38 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
Excellent

dawsa925

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

« previous next »
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Phil Collins - In The Air Tonight Phil Collins - In The Air Tonight
Phil Collins - Against All Odds (Take A Look At Me Now) Phil Collins - Against All Odds (Take A Look At Me Now)
Christo, Over the River, Project for the Arkansas River, State of Colorado. Christo, Over the River, Project for the Arkansas River, State of Colorado.
Earth’s Revolution and Rotation Earth’s Revolution and Rotation
Coffee will not sober you up. An intoxicated person who drinks coffee will end up being a stimulated Coffee will not sober you up. An intoxicated person who drinks coffee will end up being a stimulated
Glass Beach Beach in Fort Bragg, California Glass Beach Beach in Fort Bragg, California
Video: Hemodynamics Animation

For a complete list of videos, visit our video library