Alex has an income of $50 . She spends her entire money either on burgers or on cookies. If the price of a burger is $10 and the price of a cookie is $5, Alex can afford a consumption bundle of 3 burgers and 8 cookies
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
The Sherman Antitrust Act was passed to
A) protect companies from foreign competition. B) protect the monopoly profits of firms. C) control the growth of monopolies in the U.S. D) prevent market price from equaling marginal cost.
Economics
Underemployment refers to
A. The same thing as unemployment. B. A person who is not able to use her full capabilities in her job. C. A discouraged worker. D. A person who is lazy and not working hard at her job.
Economics