« previous next »

Author Question: Suppose that a consumer regards two types of soap as perfect substitutes for one another. The price ... (Read 70 times)

jessicacav

  • Hero Member
  • *****
  • Posts: 558
on: Jul 1, 2018
Suppose that a consumer regards two types of soap as perfect substitutes for one another. The price consumption path generated by changing the price of one type of soap
 
  A) is always upward sloping.
  B) is always horizontal.
  C) is always vertical.
  D) corresponds with the axis for the cheaper soap.
  E) corresponds with the axis for the more expensive soap.

Question 2

Refer to Scenario 14.3. What is the marginal profit from hiring the third unit of labor?
 
  A) 30
  B) 65
  C) 85
  D) 225
  E) none of the above


mcni194

  • Sr. Member
  • ****
  • Posts: 311
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?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Types of fungi and a fungal infection of the palate. Types of fungi and a fungal infection of the palate.
Immunogenicity of Different Types of Antigens Immunogenicity of Different Types of Antigens
Summary of T-Cell Types Summary of T-Cell Types
Create a soapy lather with the hands and spread the soap up to the elbows. Liquid soap is preferred. ... Create a soapy lather with the hands and spread the soap up to the elbows. Liquid soap is preferred. ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Major Types of Introns Major Types of Introns
Video: Male Reproductive System - Testosterone

For a complete list of videos, visit our video library