The figure above shows Tanya's consumption possibilities. Tanya spends $100 per month on movies and restaurant meals. The price of a movie ticket is ________ and the price of a restaurant meal is ________
A) $7; $15
B) $10; $10
C) $20; $5
D) $5; $20
D
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When the Social Security Act was passed by Congress it was initially intended only to provide full-retirement income for citizens
Indicate whether the statement is true or false
The fundamental source of monopoly power is
a. barriers to entry. b. profit. c. decreasing average total cost. d. a product without close substitutes.
If you were going to evaluate the how much money you would need to pay on a loan, which Excel function would help you calculate it?
A. PMT B. Profit C. Sum D. Invest
According to the law of diminishing marginal utility, after some point:
A. the more we buy of something, the more it costs. B. people should spend all of their income on one good. C. the more we consume of something, the less each additional unit adds to our satisfaction. D. the more we consume of something, the smaller the total satisfaction received from that good.