This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A wage that allows people to pay for the necessities of life is known as a(n): a. equilibrium wage. ... (Read 60 times)

ETearle

  • Hero Member
  • *****
  • Posts: 580
on: Jun 30, 2018
A wage that allows people to pay for the necessities of life is known as a(n):
 a. equilibrium wage.
  b. minimum wage.
 c. living wage.
 d. fair wage.
 e. subsistence wage.

Question 2

Grace maximizes her utility by consuming both gourmet cookies and ice cream. If the price of a dozen cookies is three times that of a pint of ice cream, we would expect that:
 a. the total utility of a dozen cookies is three times that of a pint of ice cream.
 b. the total utility of a dozen cookies is one-third that of a pint of ice cream.
 c. the marginal utility of the last dozen cookies is three times that of the last pint of ice cream.
  d. the marginal utility of the last dozen cookies is one-third times that of the last pint of ice cream.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


ETearle

  • Member
  • Posts: 580
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

A web of life A web of life
Life Expectancy in Global Perspective Life Expectancy in Global Perspective
Pregnancy Life Pregnancy Life
First Day of My Life First Day of My Life
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
A field study of guppy life history evolution. A field study of guppy life history evolution.
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library