The above table shows Homer's marginal utility from consuming various quantities of chocolate chip cookies and cake. The price of cookies is $2 per pound, the price of cake is $2 per slice and Homer has $18 to spend on cookies and cake
Homer will consume ________ pounds of cookies and ________ slices of cake. A) 5; 4
B) 4; 5
C) 6; 3
D) None of the above answers is correct.
A
Economics
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An agribusiness firm may undertake three alternatives: buy cane sugar and manufacture various sugars and sweets, making a profit of $12 million; buy corn and produce ethanol, making a profit of $16 million; or buy wheat and produce breads, rolls, and
pastries, making a profit of $13 million. The opportunity cost associated with these three choices is A) $4 million. B) $3 million. C) $13 million. D) $16 million.
Economics
A person who is in between jobs but actively engaged in a job search is considered to be
What will be an ideal response?
Economics