« previous next »

Author Question: Suppose that a consumer regards two types of soap as perfect substitutes for one another. The price ... (Read 103 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?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Eysneck Temperment types Eysneck Temperment types
Types of Immunity Types of Immunity
Types of uterine fibroids. Types of uterine fibroids.
Types of bacteria. Types of bacteria.
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Two major types of nerve circuits in the brain Two major types of nerve circuits in the brain
Video: Conduction of action potentials

For a complete list of videos, visit our video library