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

Author Question: If all prices rise by 5 percent and money income remains constant, the new budget line will have ... (Read 97 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Jun 29, 2018
If all prices rise by 5 percent and money income remains constant, the new budget line will have
 
  A) a steeper slope.
  B) a flatter slope.
  C) a positive slope.
  D) the same slope.

Question 2

The above table shows the short-run total product schedule for the campus book store. When the book store hires the 3rd employee
 
  A) the bookstore is still experiencing increasing marginal returns.
  B) the book store has already begun to experience diminishing marginal returns, but average product is still rising.
  C) both marginal and average product have already begun to decline.
  D) marginal product is at its maximum.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nital

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


jazziefee

  • Member
  • Posts: 505
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

A Double-Line Spectroscopic Binary A Double-Line Spectroscopic Binary
Masaccio, The Tribute Money. Masaccio, The Tribute Money.
Women who are 65 and older have a lower median income from all sources than men in the same age ... Women who are 65 and older have a lower median income from all sources than men in the same age ...
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Converting the universal gas constant Converting the universal gas constant
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library