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 63 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

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

The formation of a chimeric gene that is found in people with certain forms of leukemia. The formation of a chimeric gene that is found in people with certain forms of leukemia.
More People Are Living in Cities More People Are Living in Cities
beaty of life beaty of life
In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri
Urban Life Urban Life
Historical Life Expectancy Historical Life Expectancy
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library