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 169 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?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Alan Price - Poor People Alan Price - Poor People
Price of Computers, 1982–2010 Price of Computers, 1982–2010
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, ...
If 0.40 mol of NaN3 reacts completely in the reaction shown below, then ________ L of N2 will ... If 0.40 mol of NaN3 reacts completely in the reaction shown below, then ________ L of N2 will ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
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 ...
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library