[Answered] When the price of only one good rises, the relative price of that good A) falls. B) rises. C) ...

This topic contains a solution. Click here to go to the answer

Author Question: When the price of only one good rises, the relative price of that good A) falls. B) rises. C) ... (Read 199 times)

rachel9

Sr. Member
Posts: 495

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

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

ASDFGJLO

Sr. Member
Posts: 335

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

D

rachel9

Sr. Member
Posts: 495

Reply #2 on: Jun 29, 2018

Thank you

ASDFGJLO

Sr. Member
Posts: 335

Reply #3 on: Jun 29, 2018

No problemo

« previous next »

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

(a) The relative age ranges of different dating techniques depend upon the half-life of the system u

The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ...

A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ...

The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ...

Relative Humidity

Relative levels of neuronal loss in HD transgenic mice

Author Question: When the price of only one good rises, the relative price of that good A) falls. B) rises. C) ... (Read 199 times)

Related Topics

Need homework help now?