Ron spends $150 on movie tickets and pizza. The price of a pizza is $10 and a movie ticket is $7.50
With the quantity of movies measured along the vertical axis, the slope of Ron's budget line (with movies on the vertical axis) is ________ per pizza A) 1.33 movies
B) -1.33 movies
C) 0.75 of a movie
D) -0.75 of a movie
B
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On November 7, 1996, the Distilled Spirits Council of the United States decided to end its voluntary ban on television and radio liquor advertisement. The ban on hard liquor advertising had been in effect since 1936 for radio and 1948 for television
Did the lifting of this ban likely increase or decrease the profits of hard liquor companies? Briefly explain.
Typically, the major cost of a college education is
A) tuition. B) books. C) foregone income. D) housing.
If all countries produce the goods for which they have comparative advantages, all countries benefit with the increased production of goods with no additional resources being used
a. True b. False Indicate whether the statement is true or false
In order for a market to reach equilibrium, producers must have enough information to make informed decisions about purchasing the product.
Answer the following statement true (T) or false (F)