Max has allocated $100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If Max's current MRS = -0.8, then Max is at point
A) b.
B) d.
C) e.
D) None of above.
A
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Samara's income is $30 a month and she spends all of it on music downloads and gasoline. The price of a music download is $3 and the price of a gallon of gasoline is $3
At Samara's best affordable point, her marginal rate of substitution is ________ gallon of gasoline per music download. A) 0.5 B) 1 C) 1.5 D) More information is needed to determine the marginal rate of substitution.
In which type of contract does the agent receive a share of revenues earned?
A) A commission based contract. B) A sharecropping contract. C) A piece rate contract. D) A contract with stock options as salary.
If a 10 percent price increase causes the quantity demanded for a good to decrease by 10 percent, demand is unitary elastic
a. True b. False Indicate whether the statement is true or false
Money market mutual funds are ________ the M1 measure of money and ________ the M2 measure of money.
A. excluded from; excluded from B. included in; excluded from C. excluded from; included in D. included in; included in