« previous next »

Author Question: Which of the following will lead to a change in the opportunity cost of buying a pen and a pencil? ... (Read 28 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
Which of the following will lead to a change in the opportunity cost of buying a pen and a pencil?
 
  A) An increase in the consumer's income
  B) A decrease in the consumer's income
  C) A twofold increase in the prices of both pens and pencils
  D) A twofold increase in the price of pens and a threefold increase in the price of pencils

Question 2

If the currency drain ratio is 30 percent and the desired reserve ratio is 10 percent, the money multiplier is
 
  A) 0.80.
  B) 1.25.
  C) 3.25.
  D) 5.00.
  E) 10.0.


Juro

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

jrubin

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Jun 29, 2018
Thank you


Juro

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Pencil Pencil
Sleep Requirements Change with Age Sleep Requirements Change with Age
Sensor and Lead Placement and Marking Codes Sensor and Lead Placement and Marking Codes
Recording a 12-Lead Electrocardiograph Recording a 12-Lead Electrocardiograph
Impacts of Climate Change Impacts of Climate Change
Normal change in sea level Normal change in sea level
Video: Metaphase I Animation

For a complete list of videos, visit our video library