Al curve for a wood is das Q 50 - 2p. If the good 1. Suppose the inverse demand curve for a good $3, then the price elasticity of demand is A.-3x (2/50). B. -2x (50/3). C. -2x (3/41). D-3x (44/2) 2. See views hot dogs and hot dog bus as perle hot dogs and hot dog bus perfect complements in her consumption, and the corner of be ice curves follow the 45-degree line. Initially, the price of hot dogs is $3 per package (8 hot dop) the price of basis 33 per hat der uns and Se's beet is $54 per mouth. How does ber optimal consumption bundle change the ce of hot dog buns increases to $6 per package A. Sue does not change ber consumption because these poods are perfect complet B. She buys less amount of bot dog bunad by more hot dogs C. She buys the same amount of hot dogs and buy three packages of hot dog buns D. She reduces her consumption by three packs of hot dogs and three packages of hot dot buns 3. If Fred's marginal utility of pluma s 2 and his marginal utility of sal equals 10, then A he would give up five pas to the w all Blue wall give up five sto get the best per Che will cattive as wc passa Dhe will eat five times wh salas pas 4. Suppose ugar and artificial wee s are perfect webstitute for Sam. Her indifference curves for the two good would be A downwand-doping and come to the origin B downward-loping and straight C. L-shaped D ownward sloping and conce to the origin If the prices of both woods and income ince by the Spectre what will happen to the best A. The budget line rotates and from the intercept on the sis of the good that did not change in price B. The budget line rotates outward from the intercept on the is of the good that did not change in . C The budget line shifts outward without a change in sope. D. Nothing 6. Johnny has allocated 8.30 toward coffee and tea and feels that coffee and tea are perfect Duet diferences in caffeine levels, his MRS of tea for coffee equal to If coffee and tell for the same price Johnny will A spend all $30 on tea. B. spend all $30 on coffee. C. spend $20 on coffee and $10 on tea. D. be indifferent between any bundle of coffee and tea costing $30. 7. Jane's utility function is represented as: U=Fx cas, Fis quantity of food and is quantity of clothing If her budget constraint is represented as: 120 - 2F+Cher optimal bundle of consumption should be A. (40F, 40C). B. (20F, 60C). C. (50F, 50C). D. (45F. 20C). Al curve for a wood is das Q 50 - 2p. If the good 1. Suppose the inverse demand curve for a good $3, then the price elasticity of demand is A.-3x (2/50). B. -2x (50/3). C. -2x (3/41). D-3x (44/2) 2. See views hot dogs and hot dog bus as perle hot dogs and hot dog bus perfect complements in her consumption, and the corner of be ice curves follow the 45-degree line. Initially, the price of hot dogs is $3 per package (8 hot dop) the price of basis 33 per hat der uns and Se's beet is $54 per mouth. How does ber optimal consumption bundle change the ce of hot dog buns increases to $6 per package A. Sue does not change ber consumption because these poods are perfect complet B. She buys less amount of bot dog bunad by more hot dogs C. She buys the same amount of hot dogs and buy three packages of hot dog buns D. She reduces her consumption by three packs of hot dogs and three packages of hot dot buns 3. If Fred's marginal utility of pluma s 2 and his marginal utility of sal equals 10, then A he would give up five pas to the w all Blue wall give up five sto get the best per Che will cattive as wc passa Dhe will eat five times wh salas pas 4. Suppose ugar and artificial wee s are perfect webstitute for Sam. Her indifference curves for the two good would be A downwand-doping and come to the origin B downward-loping and straight C. L-shaped D ownward sloping and conce to the origin If the prices of both woods and income ince by the Spectre what will happen to the best A. The budget line rotates and from the intercept on the sis of the good that did not change in price B. The budget line rotates outward from the intercept on the is of the good that did not change in . C The budget line shifts outward without a change in sope. D. Nothing 6. Johnny has allocated 8.30 toward coffee and tea and feels that coffee and tea are perfect Duet diferences in caffeine levels, his MRS of tea for coffee equal to If coffee and tell for the same price Johnny will A spend all $30 on tea. B. spend all $30 on coffee. C. spend $20 on coffee and $10 on tea. D. be indifferent between any bundle of coffee and tea costing $30. 7. Jane's utility function is represented as: U=Fx cas, Fis quantity of food and is quantity of clothing If her budget constraint is represented as: 120 - 2F+Cher optimal bundle of consumption should be A. (40F, 40C). B. (20F, 60C). C. (50F, 50C). D. (45F. 20C)
