Jake plans to spend $100 on fried chicken and Pepsi. The price of a fried chicken is $5 and Pepsi is $2 per bottle. If Jake buys 10 fried chickens how many bottles of Pepsi can he buy?
A) 50
B) 10
C) 25
D) 75
C
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In the figure above, if a minimum wage of $6 per hour has been imposed and the labor demand curve then shifts from D0 to D1 the wage rate ________ and the amount of employment ________
A) falls; decreases B) does not change; increases C) does not change; decreases D) falls; increases
A $10 million open market purchase will increase the monetary base by
A) $10 million. B) $10 million times the money multiplier. C) $10 million divided by the money multiplier. D) an amount between $0 and $10 million, depending on the fraction of the purchase the public wishes to hold as currency.
Profitability in cotton farming depended on which of the following factors?
(a) Physical crop yields (b) World and domestic cotton prices (c) Subsistence farming during periods of low cotton prices (d) All of the above
The legislation which outlawed asset-purchase mergers that would substantially reduce competition was the:
A. Sherman Act. B. Clayton Act. C. Robinson-Patman Act. D. Celler-Kefauver Act.