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Author Question: When the price of only one good rises, the relative price of that good A) falls. B) rises. C) ... (Read 130 times)

rachel9

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on: Jun 29, 2018
When the price of only one good rises, the relative price of that good
 
  A) falls.
  B) rises.
  C) does not change.
  D) rises if it is a normal good and falls if it is an inferior good.

Question 2

The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from the 3rd Mt. Dew is ________ units.
 
  A) 75
  B) 65
  C) 25
  D) 20


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ASDFGJLO

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

B

Answer to Question 2

D


rachel9

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Reply #2 on: Jun 29, 2018
Thank you


ASDFGJLO

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Reply #3 on: Jun 29, 2018
No problemo


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