Using the table, what is the minimum price that Fred is willing to accept to supply 400 slices of pizza per month?

A) $3.50
B) $2.50
C) $3
D) $4

A

Economics

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The crowding out of private spending by government spending will be greater the

A) less sensitive consumption, investment, and net exports are to changes in the price level. B) less sensitive consumption, investment, and net exports are to changes in interest rates. C) more sensitive consumption, investment, and net exports are to changes in interest rates. D) more sensitive consumption, investment, and net exports are to changes in the price level.

Economics

Misty spends her entire weekly allowance of $15 on two goods: T-shirts (which cost $10 each) and lipstick (which costs $5)

What is the opportunity cost of a T-shirt? If her parents raise her allowance to $20 per week, what happens to the opportunity cost of a T-shirt?

Economics