Camille is at the candy store with Grandma Mary, who offers to buy her $12 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 six lollipops and four candy bars four lollipop and two candy bars two lollipops and three candy bars three lollipops and two candy bars

Camille is at the candy store with Grandma Mary, who offers to buy her $12 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 six lollipops and four candy bars four lollipop and two candy bars two lollipops and three candy bars three lollipops and two candy bars

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section1.A: Applying Graphs To Economics

Problem 2SQP

See similar textbooks

Similar questions

Matthew and Susan are both optimizing consumers in the markets for shirts and hats,where they pay $100 for a shirt and $50 for a hat. Matthew buys 4 shirts and 16 hats, whileSusan buys 6 shirts and 12 hats. From this information, we can infer that Matthew’smarginal rate of substitution is _____ hats per shirt, while Susan’s is _____.a. 2, 1b. 2, 2c. 4, 1d. 4, 2
Matthew and Susan are both optimizing consumers inthe markets for shirts and hats, where they pay $100for a shirt and $50 for a hat. Matthew buys 4 shirtsand 16 hats, white Susan buys 6 shirts and 12 hats.From this information, we can infer that Matthew'smarginal rate of substitution is __ hats per shirt,while Susan 's isa. 2, 1b. 2, 2c. 4, 1d. 4, 2
Cristina is excited with these averages and tells her public relations team to prepare a glossy brochure to showcase this $250 increase in household income. which of the following must be true to confidently conclude that this $250 difference in average income was caused by access to a UThere The herders who bought UThere phones would have had higher income than the herders who did not even if they had not purchased the UThere phone. The herders who bought UThere phones would have had the same income as the herders who did not even if they had not purchased the UThere phone. We don’t need to worry about Selection Bias since Nepal and Tibet are small countries with more or less similar people. The equation for Selection Bias does not provide enough information since we do not know the counterfactuals.
Vilfredo has complete and transitive preferences on cars. We know that he prefers a Hyundai Sonata to a Mazda 3, and that he finds a Mazda 3 at least as good as a Honda Civic. Can we conclude that he prefers a Hyundai Sonata to a Honda Civic? Yes No
) It is an established fact in economics that for goods which are described as inferior goods, when incomes of consumers increase, consumers tend to reduce their consumption of such goods and rather patronize goods which would normally provide higher satisfaction .Suppose in Ghana, gari is seen as an inferior good and incomes of low income earners rise substantially as result of the introduction of a new incomes policy. If a researcher decides to undertake a study to verify the general preposition that as incomes rise, the consumption of inferior goods falls. 1.which type of economic study and what analysis is this? Justify your answer.
. On a given evening, J. P. enjoys the consumption of cigars (c) and brandy (b) according to thefunctionU (c, b) = 20c - c2 +18b- 3b2.How many cigars and glasses of brandy does he consume during an evening? (Cost is no objectto J. P.)b. Lately, however, J. P. has been advised by his doctors that he should limit the sum of glasses ofbrandy and cigars consumed to 5. How many glasses of brandy and cigars will he consumeunder these circumstances?
2. Gorgeousleny purchased a combination of 15 breads and 5 juices with her income of P150 and price of bread is P6 and price of juice is P12. She proudly showed this to her mom, and to her dismay her mom said that she likes more juices than bread since its summer season. While on her way home she lost the receipt, but fortunately she can still receive store credit based from the total value of products. While approaching the customer service representative , she thought of this what if she sticks with her original plan of buying bread alone with no juice and vice versa. At the moment all juices in the store is 50% off. Draw the graph showing the budget constraints arise from endowments. a. ) Measure the qty. of bread on the vertical axis and the qty. of juice on the horizontal axis. Label both graph with its corresponding points, pt. A for bread and point B for juice. the combination of bread and juice label it as point C. b.) For both graph, What is the slope from point C…
Scenario B: The nonprofit recently engaged in a campaign to encourage elementary school children to read more. A previous study found that children in your community read in their free time for 48 minutes per day on average. You would like to find out whether the time spent reading among elementary school students increased after the campaign.
"THE EFFECT OF COVID 19 IN THE ECONOMY OF THE PHILIPPINES"
Head and spine injury, along with the long-term effects of concussion of football players, is a very controversial health issue. As a result, the news has been covering this health issue, with many headlines involving famous NFL players. It has been assumed that this has made most Americans that follow football more aware of the risks involved in playing the game. However, we have not seen a decline in the number of young boys, ages 8-10, that are joining football leagues. For this age group to take part in playing football, these young boys need to have the permission of a parent or guardian to play, which demonstrates the adults support to their participation. Given the risks to these young boy’s health, we wonder why would parents allow or even encourage their children to play football? Using what you know about qualitative research, briefly explain (one page): How would you design a qualitative research study, with the goal of gaining an understanding of why parents allow their…
Tversky and Kahneman asked 72 respondents to choosebetween lottery 1 and lottery 2 and lottery 3 and lottery 4.Lottery 1: A .001 chance at winning $5,000 and a.999 chance of winning $0Lottery 2: A sure gain of $5Lottery 3: A .001 chance of losing $5,000 and a .999 chance of losing $0Lottery 4: A sure loss of $5More than 75% of all participants preferred lottery 1 tolottery 2 and lottery 4 to lottery 3. a Which choices would be made by a risk-averse deci-sion maker? b Which choices would be made by a risk-seeking de-cision maker? c How does the observed behavior of the participantscontradict expected utility maximization?d How does prospect theory resolve the contradiction?
It is known that the ABC oil company supplies consumers with 150 tons of products per day. The company produces only two types of products - gasoline and diesel fuel. The limiting transformation ratio of diesel fuel relative to gasoline is 0.5. a) Draw a line of the company's monthly production capacity for gasoline and diesel. b) With the advent of new technologies, production increased by 20%, and the availability of gasoline increased by 30%. Explain how the company's new product line differs from the previous one. c) If we put the gasoline production on the X-axis of the graph, what percentage of the slope capacity of the production line is different from the slope ratio of the previous production line?