Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

see attached, thank you S. This question is based on the following table. Household Income $0 --- $29,999 30,000 -.. 49.999 50,000 -.. 74.999 75,000

image text in transcribed

see attached, thank you

image text in transcribed
S. This question is based on the following table. Household Income $0 --- $29,999 30,000 -.. 49.999 50,000 -.. 74.999 75,000 --- 99.999 100.000 --- 149.999 150.000 and over Average number of car per household 1.1 2.4 3.2 3.5 3.7 3.9 The reiationship between household income and average number of car per household is: O a. Fiuctuang. O b. Negative. 0 c. Positive. 0 d.Ten'nI'nal. 0 e. Nonexistent. Question 9 6 pts 9. This question is based on the following table which shows the output combinations of food and clothing available to an isolated city: Possibilities Clot hin g_(ton 5) Food {tons} A 0 600 B 50 500 C 100 400 D 150 300 E 200 200 F 250 100 G 300 0 From the given information, the opportunity cost of 50 tons of clothing is: O a. 50 tons of food. 0 b. 100 tons of food. 0 C. 200 tons of food. 0 d. 300 tons of food. 0 e. 400 tons of food

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics

Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward

5th Edition

1337106666, 978-1337106665

More Books

Students also viewed these Economics questions