If the food stamp program in the United States moved from coupons redeemable for food to cash payments
A) everyone would buy less food and more of other goods.
B) everyone would buy more food and less of other goods.
C) some people might buy less food and obtain a higher level of utility.
D) some people might buy less food and obtain a lower level of utility.
C
Economics
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The general form of the production function used in Chapter 10 is
A) Y = A + F(K, N). B) Y = A - F(K, N). C) Y = AF(K, N). D) Y = A/F(K, N).
Economics
Horatio can produce either a combination of 15 bird houses and 25 wind chimes or a combination of 30 bird houses and 15 wind chimes. If he now produces 30 bird houses and 15 wind chimes, what is the opportunity cost of producing an additional 10 wind
chimes? A) 2 bird houses B) 15 bird houses C) 30 bird houses D) 45 bird houses
Economics