iclicker questions&answers exam1 - 1 Jermaine spends his money on cucumbers and lettuce If the price of cucumbers falls the MU per dollar of

iclicker questions&answers exam1 - 1 Jermaine spends his...

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1. Jermaine spends his money on cucumbers and lettuce. If the price of cucumbers falls, the MU per dollar of cucumbers will ______________ and Jermaine will _______________ cucumbers for lettuce. A. Fall; substituteB. Rise; substituteC. Fall; supplyD. Rise; demand 2. You are choosing between two goods, X and Y, and your marginal utility from each is as shown in the table above. If your income is $9 and the prices of X and Y are $2/unit and $1/unit, respectively, what quantities of each will you purchase to maximize utility? The first Pepsi gives Jack 18 units of utility. The second Pepsi has a marginal utility of X units and the marginal utility of the third Pepsi is 8 units. Jack’s total utility fromthree Pepsis is 38 units.X = ? 8 Total utility is obtained by:
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Duke's is a surfer-themed restaurant chain in Hawaii. Most of its customers are tourists. In a SWOT analysis for Duke's, the possibility that the recession might cut back on tourism in Hawaii would be considered a weakness. A. TrueB. False In 2006, Ford Motor Company announced it would severely cut back automobile production. For parts companies supplying Ford Motor, this represented a(n)
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