Homer will purchase at least six doughnuts

Assignment Help Microeconomics
Reference no: EM131009523

Homer likes doughnuts. His total (dollar) benefit of consuming six doughnuts is $4.50 .

Explain whether the following statement is true, false, or uncertain: "If the price of doughnuts is 70¢ a doughnut, Homer will purchase at least six doughnuts."

 

Reference no: EM131009523

Questions Cloud

How much area is enclosed in the square : A classic problem from Calculus I is to take a wire of length L and cut it into pieces. How much area is enclosed in the square? How much area is enclosed in the circle? What is the maximum enclosed area?
A per unit tax on the unimproved value of land : A per unit tax on the unimproved value of land results in zero deadweight loss since the: a.supply of land is perfectly elastic b.supply of land is perfectly inealtic
Implications of shortage of long haul drivers : Implications of Shortage of Long Haul Drivers - implications to cost and service levels in providing green freight transportation
How should bogaert analyze these data : With older biological brothers the probability of homosexuality increased from 3% to around 5%, but there was no similar increase with older stepbrothers or with biological sisters or stepsisters. How should Bogaert analyze these data?
Homer will purchase at least six doughnuts : Homer likes doughnuts. His total (dollar) benefit of consuming six doughnuts is $4.50 . Explain whether the following statement is true, false, or uncertain: "If the price of doughnuts is 70¢ a doughnut, Homer will purchase at least six doughnuts."
Problem regarding the accounts payable records : Surveying the accounts payable records, a clerk in the controller's office noted that expenses appeared to rise significantly within a month of the close of the budget period.
Estimate the us consumption of renewable energy : What does the given function f'(t) really mean? Find the function f(t) and describe specifically what it means and represents. Estimate the U.S. consumption of renewable energy in 2020.
What is the appropriate analysis of these data : The authors actually broke the data into seven different times of day, but for purposes of this example assume that the dependent variable is each participant's mean SSS score over the 30-day period. What is the appropriate analysis of these data?
What is the rate of interest on loan : A house financing company offers you a 12-year mortgage requiring end-of-year payments of Rs 28,593. The company also wants you to pay Rs 5,000 as the loan-processing fee, which they will deduct from the amount of loan given to you. What is the r..

Reviews

Write a Review

Microeconomics Questions & Answers

  What fiscal policies and monetary policies be appropriate

What is the "current macroeconomic situation" in the U.S. as of 2013 (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time

  What is the length of all the intervals

Describe the bifurcations that the function F(x) = ax + x3 undergoes when a = 1 and a = -1.

  Calculate the following time value of money problems

What is the future value of 24 periodic payments of $4,620 each made at the beginning of each period and compounded at 8%? What would you pay for a $194,000 face value bond that matures in 15 years and pays $19,400 a year in interest if you wanted to..

  How to identify changes in market conditions

the government provides national dental benefits for all U.S. citizens that cover 100% of the cost of all dental services. There are two effects of this policy. First, there will be an increase in the number of consumers of dental services. Second..

  Which parameter is the elasticity

Write down a model (not an estimated equation) that implies a constant elasticity between rd and sales. Which parameter is the elasticity?

  Find the minimum price the bus company must charge for each

the average cost per seat on the 50-passenger floating on air bus companys trip from kansas city to st. louis on which

  Explain consumption and investment

Based on the assumption that each family spends $100 plus one-half of its total income each week, what is the total weekly consumption spending of a poor family prior to instituting the tax? What is the total weekly consumption spending of a rich ..

  Breakeven level-degree of operating leverage

Tetrangle Manufacturing has fixed costs of $2,160 per day. The firm manufactures bicycle component upgrade kits. What is the breakeven level of daily output for the firm?

  1 determine whether the following production functions

1. determine whether the following production functions exhibit constant increasing or decreasing returns to scale.

  If output is at potential output which of the given

1. the federal reserve provides which of the following dataa. federal funds rateb. stock price of gec. bond yields of

  Explanation of influence competition has on services

one of the trends marking the continuing transformation of the u.s. health care industry is the dramatic increase in

  In which economy is the marginal product of labor larger

Consider two competitive economies that have the same quantities of labor (L = 400) and capital (K = 400), and the same technology (A = 100). The economies of the countries are explained by the following Cobb–Douglas production functions:In which eco..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd