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Author Question: Suppose the price of a football is 20.00 and the price of a basketball is 10.00. The ________ of a ... (Read 93 times)

jwb375

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on: Jun 29, 2018
Suppose the price of a football is 20.00 and the price of a basketball is 10.00. The ________ of a football is ________.
 
  A) relative price; 2 basketballs per football
  B) relative price; 1/2 basketball per football
  C) opportunity cost; 20.00
  D) opportunity cost; 10.00

Question 2

Suppose that the money wage in the economy increases by 8 percent. As a result the
 
  A) long-run aggregate supply will decrease.
  B) long-run and the short-run aggregate supply both decrease.
  C) short-run aggregate supply will decrease.
  D) long-run aggregate supply will increase and the short-run aggregate supply will decrease.


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joneynes

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

A

Answer to Question 2

C


jwb375

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Reply #2 on: Jun 29, 2018
Correct answers!


joneynes

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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