Question
You have $500. You want to spend your money on fake eyelashes and swords because you are a quirky person that has eclectic utility. A
You have $500. You want to spend your money on fake eyelashes and swords because you are a quirky person that has eclectic utility. A set of fake eyelashes is $2.50 and a sword is around $100.Which one of the following is NOT an optimal combination?
Question 6 options:
a.1 sword, 160 eyelashes
b.3 swords, 80 eyelashes
c.4 swords, 40 eyelashes
d.2 swords, 125 eyelashes
Question 7(1 point)
You have $500. You want to spend your money on fake eyelashes and swords because you are a quirky person that has eclectic utility. A set of fake eyelashes is $2.50 and a sword is around $100.
If you buy ONE sword, what is the opportunity cost in terms of eyelashes?
Question 7 options:
a.40 eyelashes
b.80 eyelashes
c.20 eyelashes
d.60 eyelashes
Question 8(1 point)
"The current inflation rate of the United States is at 1.9% as of May 2017." This is a positive economic statement.
Question 8 options:
a.True
b.False
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