Author Question: If a donut shop runs a special and sells a dozen donuts for $3.00, Tarik buys a dozen donuts each ... (Read 115 times)

lb_gilbert · **on:** Apr 19, 2019

Question 1

A household ________ as long as the utility from the good's consumption is less than its market price.

◦ will only buy a good
◦ will always buy a good
◦ should never buy a good
◦ should never sell a good

Question 2

If a donut shop runs a special and sells a dozen donuts for $3.00, Tarik buys a dozen donuts each week. If donuts are not on special and the price is $6.00 per dozen, Tarik buys no donuts each week. Which of the following is
true?

◦ Tarik's demand for donuts is inelastic.
◦ Tarik's utility from a dozen donuts is less than $3.00.
◦ The value of Tarik's utility from a dozen donuts is at least $3.00 and less than $6.00.
◦ Tarik's utility from a dozen donuts is greater than $6.00.

nothere · **Reply #1 on:** Apr 19, 2019

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 56% of students answer this correctly