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

Author Question: Economists often weigh the alternatives and determine the best use of resources based on marginal ... (Read 40 times)

maychende

  • Hero Member
  • *****
  • Posts: 556
on: Sep 11, 2018
Economists often weigh the alternatives and determine the best use of resources based on marginal utility.
 
  a. True
  b. False

Question 2

The reduction in the price of a particular style of sweater allows the customer to buy more sweaters. At the lower price, this style of sweater becomes a more attractive option than a higherpriced sweater, jacket, or shirt. This scenario is an example of:
 
  a. Purchasing power c. The substitution effect
  b. Spillover effect d. Merchandising


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Sep 11, 2018
Answer to Question 1

b Economists often weigh the alternatives and determine the best use of resources
based on marginal analysis.

Answer to Question 2

c


maychende

  • Member
  • Posts: 556
Reply 2 on: Sep 11, 2018
Excellent

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Menstrual cycle summary based on a 28-day (average) menstrual cycle. Menstrual cycle summary based on a 28-day (average) menstrual cycle.
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Using a water-based cleaning system helps reduce the hazards from using strong chemicals. Using a water-based cleaning system helps reduce the hazards from using strong chemicals.
Determine the legnth of x to the nearest tenth of a metre Determine the legnth of x to the nearest tenth of a metre
If P(θ) = (√3 /2, -1/ 2), determine the coordinates of P (θ + 90 °) using the unit circle If P(θ) = (√3 /2, -1/ 2), determine the coordinates of P (θ + 90 °) using the unit circle
Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of ... Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of ...
Video: Chemical Buffers - protein buffer, phosphate buffer system and bicarbonate buffer system

For a complete list of videos, visit our video library