Author Question: The saying What's that got to do with the price of tea? reflects A) two markets where general ... (Read 51 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
The saying What's that got to do with the price of tea? reflects
 
  A) two markets where general equilibrium analysis would be most useful.
  B) two markets where general equilibrium analysis likely won't be very useful.
  C) two markets where the products are clearly closely related.
  D) two markets where firms are incredibly greedy.

Question 2

Joey's Lawncutting Service rents office space from Joey's dad for 300 per month. A similar office space in the same building rents for 545 per month. What is the economic profit earned by Joey's dad?
 
  A) Profit of 245
  B) Profit of 100
  C) Loss of 100
  D) Loss of 245


Joc

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

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?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

For a complete list of videos, visit our video library