If the prices of X and Y are $2 and $4 per unit, respectively, and this consumer has $10 in income to spend, to maximize total utility, this consumer should buy:
A. 1 unit of X and 1 unit of Y.
B. 2 units of X and 2 units of Y.
C. 1 unit of X and 2 units of Y.
D. 5 units of X and no units of Y.
C. 1 unit of X and 2 units of Y.
Economics
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The basic aggregate demand and aggregate supply curve model helps explain ________ fluctuations in real GDP and the price level
A) long-term B) unrelated C) both short-term and long-term D) short-term
Economics
Wage differences can be explained by all of the following except
A) economic discrimination. B) differences in marginal revenue products. C) compensating differentials. D) comparable worth.
Economics