The rate at which Sam is willing to give up a gallon of gasoline to get one more pound of coffee, and remain on the same indifference curve is called his
A) opportunity cost of coffee.
B) opportunity cost of gasoline.
C) personal price of coffee.
D) marginal rate of substitution.
D
Economics
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When a transfer price is set lower
a. the buying division will chose to purchase less from the selling division b. the buying division will chose to purchase more from the selling division c. the selling division will chose to purchase less from the buying division d. the selling division will chose to purchase more from the buying division
Economics
Which of the following would be included in the GDP Price Index, but not the Consumer Price Index?
a. The price of a pair of shoes b. The price of coffee c. The price of a used car d. The price of a bar of soap e. The price of an aircraft carrier
Economics