Camille is at the candy store with Grandma Mary, who offers to buy her $10 worth of candy. If lollipops are $2 each and candy bars are $3 each, what combination of candy can Camille's Grandma Mary buy her? Multiple Choice   five lollipops and three candy bars   two lollipops and two candy bars   two lollipops and three candy bars   four lollipops and one candy bars

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 22CTQ: What assumptions about the economy must he true for the invisible hand to work? To what extent are...
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MCQZ 13

Camille is at the candy store with Grandma Mary, who offers to buy her $10 worth of candy. If lollipops are $2 each and candy bars are $3 each, what combination of candy can Camille's Grandma Mary buy her?

Multiple Choice
  •  
    five lollipops and three candy bars
  •  
    two lollipops and two candy bars
  •  
    two lollipops and three candy bars
  •  
    four lollipops and one candy bars

MCQZ 16

Assume that a consumer has a given budget or income of $10 and that she can buy only two goods, apples or bananas. The price of an apple is $2.00 and the price of a banana is $1.00. If the consumer decides to buy 4 apples, how many bananas can she also buy with the remainder of her budget, assuming she exhausts her income?

Multiple Choice

  •  
    2 bananas
  •  
    10 bananas
  •  
    4 bananas
15
Answer the question on the basis of the data given in the following production
possibilities table.
Production Possibilities (Alternatives)
A
B
D
E
F
Capital Goods
5
4
3
2
1
eBook
Consumer Goods
5
9
12
14
15
Refer to the table. If the economy is producing at production alternative D, the
opportunity cost of the thirteenth unit of consumer goods will be approximately
Multiple Choice
O 2 units of capital goods.
O 1unit of capital goods.
O 13 of a unit of capital goods.
O v2 of a unit of capital goods.
Transcribed Image Text:15 Answer the question on the basis of the data given in the following production possibilities table. Production Possibilities (Alternatives) A B D E F Capital Goods 5 4 3 2 1 eBook Consumer Goods 5 9 12 14 15 Refer to the table. If the economy is producing at production alternative D, the opportunity cost of the thirteenth unit of consumer goods will be approximately Multiple Choice O 2 units of capital goods. O 1unit of capital goods. O 13 of a unit of capital goods. O v2 of a unit of capital goods.
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