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 24 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
Wow, this really help

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

A large female tiger shark (Galeocerdo cuvier) A large female tiger shark (Galeocerdo cuvier)
Wandering Albatrosses are colonial but have large widely spaced territories. Here a pair performs th Wandering Albatrosses are colonial but have large widely spaced territories. Here a pair performs th
Lestidae is a rather small family of cosmopolitan, large-sized, slender damselflies. They are of the Lestidae is a rather small family of cosmopolitan, large-sized, slender damselflies. They are of the
Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
As shown in the figure, a large open tank contains a layer of oil ( density 450 kg/m3) floating ... As shown in the figure, a large open tank contains a layer of oil ( density 450 kg/m3) floating ...
Video: A Human Karyotype Preparation Animation

For a complete list of videos, visit our video library