Author Question: Sasha derives utility from consuming apples and tacos as shown in the table above. Apples cost 1 ... (Read 242 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
Sasha derives utility from consuming apples and tacos as shown in the table above. Apples cost 1 each and tacos cost 2 each. If Sasha's income is 8, he will consume
 
  A) 4 apples and 2 tacos.
  B) 2 apples and 3 tacos.
  C) 0 apples and 4 tacos.
  D) 3 apples and 3 tacos.

Question 2

If Pepsi decided to raise its price, you would expect the price of Coca Cola
 
  A) to fall.
  B) to raise.
  C) Their prices should have no relationship because Pepsi and Coca Cola are not related.
  D) None of the above answers are correct.



mistyjohnson

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

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?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

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.

For a complete list of videos, visit our video library