Author Question: A ticket to see the Radio City Rockettes costs 90. You buy a ticket for 30 to see the New York Jets ... (Read 187 times)

rachel9 · **on:** Jun 29, 2018

A ticket to see the Radio City Rockettes costs 90. You buy a ticket for 30 to see the New York Jets play football. The money price for

A) the Rockettes ticket is 90 and the relative price is 3 Jets tickets per Rockette ticket.
B) the Rockettes ticket is 3 Jets tickets per Rockette ticket and the relative price is 90.
C) a Jets ticket is 30 and the relative price is 3 Rockettes tickets per Jets ticket.
D) a Jets ticket is 30 and 3 for a Rockettes ticket.

Question 2

If a union restricts the supply of labor but cannot change the demand for labor, the union ________ the wage rate and ________ the level of employment.

A) raises; decreases
B) raises; increases
C) lowers; decreases
D) lowers; increases