Use the following figure to answer the question below.
The combination of sixty-five pounds of corn and fifteen pounds of green beans is
A. not efficient.
B. not attainable but efficient.
C. attainable and inefficient.
D. not attainable.
Answer: C
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Movie theatres offer seniors discounts because
a. Seniors have a more inelastic demand for movie tickets b. Seniors have a more elastic demand for movie tickets c. Seniors have a higher opportunity cost of their time d. Only B&C
Which of the following would shift the investment demand curve rightward?
a. A decrease in business taxes. b. A tax credit for new investment. c. Firms move from unused capacity to full capacity. d. All of these.
A budget constraint shows
a. the maximum utility that a consumer can achieve for a given level of income. b. a series of bundles that cost the consumer the same amount of money. c. a series of bundles that give the consumer the same level of utility. d. All of the above are correct.
If I get 10 units of pleasure from my first ice cream cone and 2 less units than before from each succeeding cone, I will buy ________ cones and gain ________ units of consumer surplus if the price of a cone = to 5 units of pleasure.
A. 6; 30 B. 4; 28 C. 2; 18 D. 3; 9