« previous next »

Author Question: Jim is planning on attending a football game. He spent 40 on the ticket. He will have to take the ... (Read 35 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
on: Jul 1, 2018
Jim is planning on attending a football game. He spent 40 on the ticket. He will have to take the day off losing 8 hours of work. His hourly wage is 10 . He estimates it will cost him around 20 for gas and parking at the game. Jim's total economic cost of attending the game equals
 a. 80
 b. 40
 c. 60
 d. 140

Question 2

You own two different energy drink brands with similar elasticities: Blue Cow and 600 minute energy.. If you reduce the price on Blue Cow, you can only increase your total sales if
 a. Prices for 600 minute energy are increased
 b. Prices for 600 minute energy are reduced
 c. Prices for 600 minute energy stay constant
 d. None of the above


flannelavenger

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there
In Second Life, multiplayer online game, two avatars engage in virtual courtship. In Second Life, multiplayer online game, two avatars engage in virtual courtship.
Students rated their grandparents on a scale from 1 to 4 based on emotional closeness, time spent ... Students rated their grandparents on a scale from 1 to 4 based on emotional closeness, time spent ...
Apple's Game Console Apple's Game Console
Planning, Implementing, & Evaluating Health Promotion Programs: A Primer (6th Edition) Planning, Implementing, & Evaluating Health Promotion Programs: A Primer (6th Edition)
The time spent in each interval of one complete cell cycle of a human cell in culture The time spent in each interval of one complete cell cycle of a human cell in culture
Video: Methods that regulate pH

For a complete list of videos, visit our video library