ECON 2100 Midterm: ECON 2100 Kennesaw State ECON2100 Summer2015 Exam1B
Document Summary
Econ 2100 (summer 2015 sections 07 and 08) Amanda states that, tickets to the nba finals are selling for ,500 per game on stubhub. None of the above answers are correct, since the claim does provide a reasonable explanation for why a rational person would never purchase the tickets at such a high price. Food from del taco tastes better than food from taco bell. Wladimir klitschko is the best professional boxer of all-time. Neither a nor b is a positive statement. Suppose that good z is an inferior good. The ____________________ states that people have unlimited needs/wants but a limited amount of resources, implying that people face tradeoffs (i. e. , having more of one thing means getting by with less of something else). For questions 8 through 10, consider a society with the piecewise linear production possibilities. The slope between points a and b is 8. The slope between points b and e is 15.
