Answered: If the price of a hot dog is $2 and the…

If the price of a hot dog is $2 and the price of ahamburger is $4, then 30 hot dogs contribute asmuch to GDP as _________ hamburgers.a. 5b. 15c. 30d. 60

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If the price of a hot dog is $2 and the price of a
hamburger is $4, then 30 hot dogs contribute as
much to GDP as _________ hamburgers.
a. 5
b. 15
c. 30
d. 60

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If change in consumption is $350 and change in income is $720 Find APC
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