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Author Question: Mary has 10 to spend each week on coffee, Qc and magazines, Qm. The price of a coffee is 1, and the ... (Read 82 times)

j.rubin

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on: Jun 29, 2018
Mary has 10 to spend each week on coffee, Qc and magazines, Qm. The price of a coffee is 1, and the price of a magazine is 2. Mary's budget equation is ________.
 
  A) Qm = 10 - Qc
  B) Qm + Qc = 20
  C) 1  Qc + 2  Qm = 10
  D) Qm = 10 - 2  Qc

Question 2

An external benefit is a benefit that ________.
 
  A) is enjoyed by someone other than the buyer of a good
  B) always equals external cost
  C) experiences increasing marginal returns
  D) is greatest at the equilibrium point


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fromAlphatoOmega22

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

C

Answer to Question 2

A


j.rubin

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

strudel15

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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