This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The demand for pizzas in a large town is written as: Qd = 120 - 10P + 5Pb - 0.5Ps - 10Y, where Qd ... (Read 89 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
The demand for pizzas in a large town is written as:
 
  Qd = 120 - 10P + 5Pb - 0.5Ps - 10Y, where Qd is the quantity demanded, P is the price, Pb is the price of burritos, Ps is the price of soft drinks sold in the pizza restaurants, and Y is personal income per month (in thousand dollars). If there is a 1,000 increase in personal income, how will the Qd change?
  A) increase by 10
  B) decrease by 10
  C) unchanged
  D) not enough information provided

Question 2

Indifference curves that are thick violate
 
  A) the assumption of transitivity.
  B) the assumption that more is better.
  C) the assumption of completeness.
  D) none of the assumptions.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nyrave

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


debasdf

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
Excellent

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

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?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

The large orb web of Araneus diadematus (European garden spider). The large orb web of Araneus diadematus (European garden spider).
Large intestine Large intestine
Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1 Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1
Large areas of permafrost are melting Large areas of permafrost are melting
Carbon is constantly exchanged between large reservoirs in the lithosphere Carbon is constantly exchanged between large reservoirs in the lithosphere
essay on friendship written by a 10-year-old essay on friendship written by a 10-year-old
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library