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Author Question: Market income is A) profit earned in factor markets. B) interest earned in factor markets. C) ... (Read 128 times)

mynx

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on: Jun 29, 2018
Market income is
 
  A) profit earned in factor markets.
  B) interest earned in factor markets.
  C) wages, interest, rent, and profit earned in factor markets.
  D) wages, interest, rent, and profit earned in factor markets plus cash payments made to households by government.

Question 2

Suppose Sam plans to buy only popcorn and soda. He has 40 to spend per week. A change in which of the following variables will change Sam's consumption possibilities? I. price of popcorn II. income III. preferences IV. utility
 
  A) II only
  B) I and II
  C) I, II and III
  D) III and IV


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stanleka1

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

C

Answer to Question 2

B


mynx

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

peter

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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