If as the variable on the Y-axis rises the variable on the X-axis rises, the relationship between X and Y is said to be a positive relationship.
Answer the following statement true (T) or false (F)
True
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Mary has to choose between a four-day vacation and a five-day vacation to the same place. To arrive at the optimal choice, which optimization technique do you think will be arithmetically easier and faster to implement and why?
What will be an ideal response?
When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals the
A) rent. B) market equilibrium rent that would prevail in the absence of a rent ceiling. C) value of the time and resources spent searching plus the rent. D) consumer surplus.
Samara's income is $30 a month and she spends all of it on music downloads and gasoline. The price of a music download is $3 and the price of a gallon of gasoline is $3
At Samara's best affordable point, her marginal rate of substitution is ________ gallon of gasoline per music download. A) 0.5 B) 1 C) 1.5 D) More information is needed to determine the marginal rate of substitution.
A price floor does not benefit producers
a. True b. False Indicate whether the statement is true or false