This topic contains a solution. Click here to go to the answer

Author Question: Robert is a doctor who earns an average hourly wage of 80. His wife is a teacher and earns an ... (Read 52 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
Robert is a doctor who earns an average hourly wage of 80. His wife is a teacher and earns an average hourly wage of 35. His daughter works in her college library and earns 12 per hour while his son is a lawyer and earns 60 per hour.
 
  If one of them must stay back at the house on a working day to look after their ailing pet, who can do it at the lowest opportunity cost?
  A) His son B) Robert C) His wife D) His daughter
 
  Mike and John work as waiters in a restaurant. Mike can efficiently wait on 10 customers per hour while John can efficiently wait on 7 customers per hour. The restaurant also has a bar. If both of them work as bartenders, Mike is able to serve 9 customers per hour while John is able to serve 10 customers per hour.

Question 2

Which of the following increases the slope of the consumption function?
 
  A) an increase in consumer wealth
  B) a decrease in the value of consumer durables
  C) an increase in consumer confidence
  D) an increase in the marginal propensity to consume



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kusterl

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

D

Answer to Question 2

D




rosent76

  • Member
  • Posts: 516
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Gracias!

 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

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

For a complete list of videos, visit our video library