Suppose Maria can make 12 pizzas or 4 lasagnas every Saturday afternoon, while Gina can make 10 pizzas or 2 lasagnas every Saturday afternoon. Which statement is true?
A) Maria is the most efficient producer of both pizza and lasagna.
B) Gina is the least efficient producer of both pizza and lasagna.
C) It costs Maria 3 pizzas to produce 1 lasagna.
D) It costs Gina 5 lasagnas to produce 1 pizza.
E) All of the above are true.
C
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Indicate whether the statement is true or false
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A) conventional econometric models as forecasting tools. B) conventional econometric models as indicators of the potential impacts on the economy of particular policies. C) rational expectations models of macroeconomic activity. D) the relationship between the quantity theory of money and aggregate demand.
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If the price of one can of Alpo is $0.50 and the price of each McBurger is $1, which of the following would Ms. Tightwad, a utility-maximizing consumer, buy with her $4?AlpoMcBurgersCans Consumed per DayTotal utility (Units of utility)McBurgers Consumed per DayTotal utility (Units of utility)000017116213228316336417440
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