The money price of a pack of granola bars is $1.40, and the relative price of a pack of granola Bas What is the money price of a pack of frozen burritos? The money price of a pack of frozen burritos is OA. $1.40 OB. the opportunity cost of a pack of frozen burritos OC. the opportunity cost of a pack of granola bars OD. $0.35
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- Marc has a budget of $12 a month to spend on root beer and DVDS. The price of root beer is $3 a bottle, and the price of a DVD is $3. What is the relative price of root beer in terms of DVDS and what is the opportunity cost of a bottle of root beer? The relative price of root beer in terms of DVDS is O A. 1.0 DVD per bottle O B. 3.0 bottles of root beer OC. $12 O D. $3 The opportunity cost of a bottle of root beer is O A. 1.0 bottle of root beer O B. 1.0 OC. 4 DVDS O D. $3Suppose Alphonsos town raised the price of bus tickets to 1 per trip (while file price of burgers stayed at 2 and his budget remained 10 per week.) Draw Alphonsos new budget constraint. What happens to file opportunity cost of bus tickets?Suppose Alphonsos town raises the price of bus tickets from 0.50 to 1 and file price of burgers rises from 2 to 4. Why is file opportunity cost of bus tickets unchanged? Suppose Alphonsns weekly spending money increases from 10 to 20. How is his budget constraint affected from all three changes? Explain.
- Only typed answer and don't use chat gpt Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, if the market quantity demanded is 5, the price must be A. $3. B. $6. C. $9. D. $12.If you have 10 dollars to spend, and the price of water is $1 oer bottle, the budget containt would show that the most water you could buy is?. It is a hot day, and Bert is thirsty. Here is the value heplaces on each bottle of water:Value of first bottle $7Value of second bottle $5Value of third bottle $3Value of fourth bottle $1a. From this information, derive Bert’s demandschedule. Graph his demand curve for bottledwater.b. If the price of a bottle of water is $4, how manybottles does Bert buy? How much consumersurplus does Bert get from his purchases? ShowBert’s consumer surplus in your graph.c. If the price falls to $2, how does quantitydemanded change? How does Bert’s consumersurplus change? Show these changes in yourgraph.
- In the market for coffee, consumers expect the price of coffee beans to rise next week. This would make the demand for coffee this week O stay the same, since demand is not affected by price changes. O shift left. O stay the same, since the effects of this week and next week will cancel each other out. O shift right.The table shows the Gabrielle's total staty from manicures What is Cat's total unity when she boys 4 manicures? What is the marginal unity she receives from her fourth manicure? When Gabriele buys 4 manicures, the totalutty that she receives units Gabrieles marginal uity from the fourth manicure is units Marginality OA increases a more of a good is consumed OB has no relationship oluy Oc the chance in total usey that results from Manicures (per 0 1 2 4 5 Total uality 8 50 90 122 150 176Raj consumes only cheese and crackers.a. Could cheese and crackers both be inferior goodsfor Raj? Explain.b. Suppose that cheese is a normal good for Rajwhile crackers are an inferior good. If the price ofcheese falls, what happens to Raj’s consumptionof crackers? What happens to his consumption ofcheese? Explain
- What is the difference between the supply andthe quantity supplied of a product, say milk? Explainin words and show the difference on a graph with thesupply curve for milk.Randy lives on Cheetos and chocolates. The price of Cheetos is 3 dollar per bag and the price of chocolates is 6 dollars each. Randy allows himself to spend no more than 33 dollars a day on food. He also restricts his consump- tion to 6,500 calories per day. There are 1,500 calories in a bag of Cheetos and 500 calories in a chocolate.. If he spends his entire money budget each day and consumes no more calories than his calorie limit, up to how many bags of Cheetos can Randy consume per day?Use these graphs for the next two questions ما را وا مما نچا B D ی