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Author Question: The private sector surplus or deficit equals A) saving minus investment. B) net taxes minus ... (Read 237 times)

genevieve1028

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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


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CharlieArnold

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

A

Answer to Question 2

B


genevieve1028

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

olderstudent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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