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Author Question: Joe has 50, which he spends on movies and pizza. If the price of a pizza falls, Joe can A) ... (Read 112 times)

luminitza

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  • Posts: 555
on: Jun 29, 2018
Joe has 50, which he spends on movies and pizza. If the price of a pizza falls, Joe can
 
  A) consume more of both goods.
  B) consume more pizza only if he gives up some movies.
  C) consume more movies only if he gives up some pizza.
  D) consume more pizza only.

Question 2

A private cost is a cost of production that is borne by the
 
  A) consumer of the good.
  B) producer of the good.
  C) government.
  D) consumer of the good and the government.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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sultansheikh

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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