« previous next »

Author Question: Joe consumes pizza and movies. Pizza and movies are substitutes. According to marginal utility ... (Read 96 times)

WWatsford

  • Hero Member
  • *****
  • Posts: 539
    • Biology Forums!
on: Jun 29, 2018
Joe consumes pizza and movies. Pizza and movies are substitutes. According to marginal utility theory, if the price of a pizza rises then
 
  A) the demand curve for pizza shifts leftward.
  B) the demand curve for pizza shifts leftward and the demand curve for movies shifts rightward.
  C) there is an upward movement along the demand curve for pizza.
  D) there is an upward movement along the demand curve for pizza and the demand curve for movies shifts rightward.

Question 2

The figure above shows a perfectly competitive firm. The figure shows a firm
 
  A) in the short run.
  B) in the long run.
  C) at its shutdown point.
  D) Both answers A and C are correct.


Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Foods made with fat substitutes aren’t calorie free Foods made with fat substitutes aren’t calorie free
Pizza and eating disorders can be life threatening Pizza and eating disorders can be life threatening
A slice of cheese pizza has a caloric content of 150 Cal. If this energy could b A slice of cheese pizza has a caloric content of 150 Cal. If this energy could b
Pizza Slices Pizza Slices
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library