The above table shows Homer's marginal utility from consuming various quantities of chocolate chip cookies and cake. The price of cookies is $1 per pound, the price of cake is $2 per slice and Homer has $9 to spend on cookies and cake
Homer will consume ________ pounds of cookies and ________ slices of cake. A) 5; 2
B) 2; 5
C) 3; 3
D) None of the above answers is correct.
A
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The fact that high-income earners tend to earn a higher percentage of their incomes from rent and dividends, in contrast to low-income earners, make the payroll taxes
A. proportional. B. a flat tax. C. more progressive. D. more regressive.
Joe is shopping for a new computer. A computer can be delivered to Joe's home for $1,200. Alternatively, Joe can pick up the same computer at the warehouse for $1,000. How should Joe buy the computer?
A. Joe should drive to the warehouse if his cost of driving to the warehouse is greater than $200. B. Joe should drive to the warehouse because the $200 he would save by driving to the warehouse is more than 10% of the purchase price. C. Joe should drive to the warehouse if his cost of driving to the warehouse is less than $200. D. Joe should drive to the warehouse because $1,000 is less than $1,200.