If Mr. McConaughey has 7 hours to spend with friends and family and breaking a sweat, he will maximize his utility if he spends

A) 2 hours with family and friends and 5 hours breaking a sweat.
B) 5 hours with family and friends and 5 hours breaking a sweat.
C) 4 hours with family and friends and 3 hours breaking a sweat.
D) 3 hours with family and friends and 4 hours breaking a sweat.

D

Economics

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Suppose that a study is released stating that the fewer books people read, the more velvet paintings they tend to own. This is best described as an example of

A. positive correlation. B. negative correlation. C. positive causation. D. negative causation.

Economics

Tara runs the only one-hour photo lab for 300 miles around, in an isolated west Texas town. Her lab technician explains to Tara that she is not producing the level of output that would minimize her average total costs. The lab technician tells her that

she should lower her price in order to increase her number of customers. Tara rejects her technician's analysis. Why doesn't she take her technician's advice?

Economics