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Author Question: Refer to the figure above. Given the consumer's budget constraint, the consumption bundle that ... (Read 135 times)

mynx

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  • Posts: 555
on: Jun 29, 2018
Refer to the figure above. Given the consumer's budget constraint, the consumption bundle that maximizes his satisfaction consists of:
 
  A) 0 shirts and 40 pairs of trousers.
  B) 10 shirts and 30 pairs of trousers.
  C) 20 shirts and 15 pairs of trousers.
  D) 35 shirts and 10 pairs of trousers.

Question 2

Which of the following does NOT cause a shift in the supply curve for labor in an industry?
 
  A) Worker tastes and preferences
  B) Population of the concerned region
  C) Opportunity costs faced by the workers
  D) Price of the final good that the labor is used to produce


s.meritte

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

C

Answer to Question 2

D


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