The figure above shows Tanya's consumption possibilities. Which of the following combinations of goods is not affordable?
A) 8 movie tickets and 3 restaurant meals.
B) 12 movie tickets and 2 restaurant meals.
C) 10 movie tickets and 3 restaurant meals.
D) 6 movie tickets and 3 restaurant meals.
C
Economics
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For a restaurant, all the following are examples of variable costs, except
a. Labor costs b. Cost of raw materials c. Rents on dining space d. None- all of them are variable costs
Economics
The substitution effect of wages explains shifts in the labor supply curve.
Answer the following statement true (T) or false (F)
Economics