Use the following information to answer the next question.Maya purchases only three products; orange juice, prepared meals, and on-demand episodes of her favorite shows. Each week she purchases 2 bottles of orange juice, 14 prepared meals, and 8 on-demand episodes. The prices of bottles of orange juice, prepared meals, and on-demand episodes for four different years are shown in the table below.YearPrice of Orange JuicePrice of Prepared MealsPrice of On-Demand Episodes1$2$6$102$6$5$123$4$7$134$4$8$11How much will Maya spend per week in Year 4?
A. $178
B. $168
C. $210
D. $208
Answer: D
You might also like to view...
If the economy experiences a strong boom and consumers' incomes sharply rise, larger, more remote stores with lower prices are ________ to have a(n) ________ in the number of customers.
A) not likely; decrease B) likely; decrease C) not likely; change D) likely; increase
Suppose that an industry's long-run supply curve is downsloping. This suggests that:
A. it is an increasing-cost industry. B. relevant inputs have become more expensive as the industry has expanded. C. technology has become less efficient as a result of the industry's expansion. D. it is a decreasing-cost industry.
When TR is increasing as a monopolist's output increases
A) MR is negative. B) MR is positive. C) MR = 0. D) MR may be positive or negative.
Empirical economics refers to the
A. belief that what is true for a part is necessarily true for the whole. B. exclusion of irrelevant data when analyzing a model. C. model of economics used prior to the Industrial Revolution. D. collection and use of data to test economic theories.