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 147 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?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Food, friends, and football . . . a way of life Food, friends, and football . . . a way of life
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Introduction to Heart Attacks

For a complete list of videos, visit our video library