Author Question: Jim is planning on attending a football game. He spent 40 on the ticket. He will have to take the ... (Read 49 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
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
Answer to Question 1

d

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

For a complete list of videos, visit our video library