ECON 2030 : Econ 2030 Test 1
Document Summary
Suppose that ice cream an root beer are complements in consumption. It can be concluded with certainty that the demand for arties artichokes is . Everything else held constant: price elastic, price inelastic, unit elastic, suppose kathleen sells hand painted silk scarfs and that her price elasticity of supply is . 7. Suppose further that in response to a recent price change she increased the quantity of scarfs she supplied by 9 percent. The total cost of parking five hours is . The marginal cost of the third hour of parking is : ; sh, ; sh, ; , ; , ; . Suppose carole and harry can spend their days knitting hats or felting sops. Their productivity at each activity is the following: Jennifer chose to see i you he she. Answer true or false to the following statement. You he she could have been equal to her expected pleasure from seeing the.
