Refer to the scenario above. If Frank discounts delayed utilities with a weight of 8/10, then which of the following statements is true?
A) He will consume both hotdogs and ice cream.
B) He will consume hotdogs but will avoid consuming ice cream.
C) He will consume ice cream but will avoid consuming hotdogs.
D) He will avoid consuming both hotdogs and ice cream.
C
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Refer to the diagram. If farmers produce a normal crop of Q n , their gross income:
A. will be 0P p PNQ n .
B. will be 0P n NQ n .
C. will be P p × Q n .
D. cannot be determined.
In considering pounds and dollars we can say that when the dollar rate of exchange for the pound rises
A. the pound rate of exchange for the dollar will fall. B. the pound rate of exchange for the dollar will also rise. C. the pound rate of exchange for the dollar may either fall or rise. D. American net exports to Britain will tend to fall.