Author Question: Which of the following economic explanations describes cabin fever? a. The marginal utility of ... (Read 13 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
Which of the following economic explanations describes cabin fever?
 a. The marginal utility of winter is greater than zero.
  b. Each additional cold day brings more disutility.
  c. The law of increasing marginal utility as applied to cabins.
  d. Spending winter in a cabin is a normal good.
  e. Each additional cold day brings more utility.

Question 2

Although some tastes do change over time, economists believe that tastes are relatively stable. If tastes were not mostly stable, then we
 a. could not even draw a supply curve
  b. could not reasonably make the other-things-constant assumption required for demand analysis
  c. would not have any concerns about still drawing demand curves
  d. could no longer eat food
  e. would be basing economic models on real life instead of making impossible assumptions



jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

For a complete list of videos, visit our video library