Multiple Choice
If the price of a soda is $1 and the price of a sub sandwich is $5,the relative price of a sub sandwich is ________ because ________.
A) 5 sodas; it costs 5 sodas to buy a sub
B) $5; 5 sodas will cost $5
C) 20 cents; $1 divided by $5 is 20 cents
D) 1/5; a sub costs 1/5 of a soda
E) None of the above answers is correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q40: The fact that diamonds have a much
Q41: Reb earns $1,000 per week as a
Q42: In economics,utility<br>A) always decreases as income increases.<br>B)
Q43: One reason why the price of diamonds
Q44: A preference map is a<br>A) series of
Q46: Moving along an indifference curve,if a consumer
Q47: As more of a good is consumed,total
Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above
Q50: One reason why water is cheap compared
Q329: Explain the paradox of value.