Suppose that you consume only pizza, which costs $4 per slice, and Diet Pepsi, which costs $2 each. The table above gives your utility from consuming these two goods
If your income is $14, which of the following consumption combinations will you choose? A) 3 slices of pizza and 1 Diet Pepsi
B) 2 slices of pizza and 3 Diet Pepsis
C) 1 slice of pizza and 5 Diet Pepsis
D) 0 slices of pizza and 7 Diet Pepsis
B
Economics
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Refer to Figure 2-8. Which country has a comparative advantage in the production of pineapples?
A) Costa Rica B) Guatemala C) They have equal productive abilities. D) neither country
Economics
Tessa's break-even income is $10,000 and her MPC is 0.75. If her actual disposable income is $16,000, her level of:
A. consumption spending will be $14,500. B. consumption spending will be $15,500. C. consumption spending will be $13,000. D. saving will be $2,500.
Economics