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Home Q & A Board Other Fields Homework Help Business Economics
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nevinjoshy2001 nevinjoshy2001
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Posts: 481
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6 years ago
The demand for the services of labor ________ a derived demand and the demand for the services of land ________ a derived demand.
 
  A) is; is
  B) is; is not
  C) is not; is
  D) is not; is not


Ques. 2

Movies are 10 a ticket, and DVD rentals are 5 a DVD. With movies on the vertical axis, the magnitude of the slope of the budget line is
 
  A) 1/2.
  B) 2.
  C) 5.
  D) 10.


Ques. 3

Game theory is a tool for studying ________.
 
  A) Nash behavior
  B) payoff dilemmas
  C) rational dilemmas
  D) strategic behavior


Ques. 4

To maximize her utility, Pat should spend all of her money and buy goods in a way that
 
  A) the marginal utility of the last unit of each good is the same.
  B) the marginal utility per dollar from each good is the same.
  C) her total expenditure on each good is the same.
  D) her price elasticity of demand for each good is the same.


Ques. 5

If the demand is ________, a fall in price ________ total revenue.
 
  A) elastic; increases
  B) elastic; decreases
  C) inelastic; increases
  D) inelastic; does not change
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KellivycitalKellivycital
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#1
Posts: 335
Rep: 3 0
6 years ago
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#2
6 years ago
Easily the best answer, TY and have a wonderful day
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