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

Author Question: The private sector surplus or deficit equals A) saving minus investment. B) net taxes minus ... (Read 220 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 29, 2018
The private sector surplus or deficit equals
 
  A) saving minus investment.
  B) net taxes minus government purchases.
  C) investment minus saving.
  D) government purchases minus net taxes.

Question 2

Steve has two goods he can spend his income on, skiing and skating, and his marginal utilities from each are in the table above. The price of each unit of skiing is 10 and the price of each unit of skating is 5. Steve has 40 to spend.
 
  What quantities of skiing and skating should Steve consume to maximize his utility? A) 4 units of skiing and 4 units of skating
  B) 2 units of skiing and 4 units of skating
  C) 1 unit of skiing and 2 units of skating
  D) 5 units of skiing and 5 units of skating


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CharlieArnold

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jun 29, 2018
Wow, this really help

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Steel-toed shoes are a worthwhile investment to help prevent foot injury due to falling objects. ... Steel-toed shoes are a worthwhile investment to help prevent foot injury due to falling objects. ...
The first five reactions constitute the energy-investment phase of glycolysis The first five reactions constitute the energy-investment phase of glycolysis
Wind turbines: the fastest-growing energy sector Wind turbines: the fastest-growing energy sector
Saving and Investment Rates of Industrialized Countries, 1960–1974 Saving and Investment Rates of Industrialized Countries, 1960–1974
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ... Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ...
Video: Congenital Heart Defects Animation

For a complete list of videos, visit our video library