Author Question: Fred has decided to buy a burger and fries at a restaurant, but is considering whether to buy a ... (Read 49 times)

bucstennis@aim.com · **on:** Jun 30, 2018

Fred has decided to buy a burger and fries at a restaurant, but is considering whether to buy a drink as well. If the price of a burger is 3, fries are 2, and drinks are 1, but a value meal with all three costs 4.80, the marginal cost to Ted of the drink is:
a. -0.20
b. 0.20
c. 0.80
d. 1.00

Question 2

Higher levels of savings will result in all of following except:
a. greater economic growth.
b. higher capital formation.
c. more consumption in the future.
d. lower rates of investment.