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

Author Question: Suppose the price of a football is 20.00 and the price of a basketball is 10.00. The ________ of a ... (Read 166 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joneynes

  • Sr. Member
  • ****
  • Posts: 376
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


jwb375

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Correct answers!


joneynes

  • Sr. Member
  • ****
  • Posts: 376
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

W. A. Rogers’s engraving, “Out of the Game,” showed one injured boy tending to another. It appeared W. A. Rogers’s engraving, “Out of the Game,” showed one injured boy tending to another. It appeared
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Alan Price - Poor People Alan Price - Poor People
Headless football player Headless football player
Football Helmet Football Helmet
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Mendel's Principles of Dominance, Segregation and Independent Assortment

For a complete list of videos, visit our video library