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Author Question: If the price of apples is on the vertical axis and the quantity of apples demanded is on the ... (Read 117 times)

Alainaaa8

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on: Jun 29, 2018
If the price of apples is on the vertical axis and the quantity of apples demanded is on the horizontal axis, the slope between two points on the line describing the relationship between price and quantity is
 
  A) the change in price multiplied by the change in quantity.
  B) the change in price divided by the change in quantity.
  C) the change in quantity divided by the change in price.
  D) price divided by quantity.

Question 2

How can we separate the cost of the electricity that generates the heat from a light bulb and the cost of the electricity that generates that same bulb's light?
 
  A) By comparing the wattage of the bulb with the change in air temperature
  B) By distinguishing sunk costs from marginal costs
  C) By dividing the total cost in two
  D) We cannot do it in any defensible way.


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gasdhashg

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

B

Answer to Question 2

D


Alainaaa8

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

kusterl

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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