Matt pays a $50 a month membership fee at Bruno's Gym. He can exercise at the gym as many times as he wishes
If the membership fee is measured along the vertical axis and the number of times he exercises is measured along the horizontal axis, the graph between his membership fee and the number of times he exercises will A) be a horizontal line.
B) be positively sloped.
C) be negatively sloped.
D) be a vertical line.
E) start out positively sloped and then, as Matt loses interest, become negatively sloped.
A
You might also like to view...
A firm operating with diminishing total returns cannot be profit maximizing
What will be an ideal response?
The level of GDP will tend to increase when:
a. The Federal Reserve buys government securities in the open market b. There is an increase in the discount rate c. The Federal Reserve sells government securities in the open market d. Reserve requirements are increased
During the 1960s and early 1970s, economists believed that the Phillips curve indicated
A. that higher inflation was the price for more unemployment. B. that higher levels of employment could be achieved with lower inflation. C. a menu of choices for policymakers. D. All of these responses are correct.
Figure 11.5Where the monopolistically competitive firm in Figure 11.5 produces, it will:
A. make a positive economic profit. B. suffer a loss. C. make zero economic profit. D. make a negative economic profit.