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

Author Question: The rate at which Sam is willing to give up a gallon of gasoline to get one more pound of coffee, ... (Read 77 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
The rate at which Sam is willing to give up a gallon of gasoline to get one more pound of coffee, and remain on the same indifference curve is called his
 
  A) opportunity cost of coffee.
  B) opportunity cost of gasoline.
  C) personal price of coffee.
  D) marginal rate of substitution.

Question 2

The above table shows some cost data for Tracey's Tents. What is the average fixed cost when 4 tents are produced?
 
  A) 50.00
  B) 12.50
  C) 25.00
  D) 37.50


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joanwhite

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Bernana

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
Excellent

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Feedforward control of breathing rate in an animal trained for athletic exercise. Feedforward control of breathing rate in an animal trained for athletic exercise.
Fossils Give Us a View of Past Life Fossils Give Us a View of Past Life
A compression gauge designed for the higher compression rate of a diesel engine should be used when ... A compression gauge designed for the higher compression rate of a diesel engine should be used when ...
Checking gasoline for alcohol involves using a graduated cylinder and adding water to check if the ... Checking gasoline for alcohol involves using a graduated cylinder and adding water to check if the ...
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
Before After Coffee Before After Coffee
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library