ECO 304K - 9/1/10 8:05 PM Homework 1 Completed 80 out of...

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9/1/10 8:05 PM Homework 1 Completed 80 out of 100 points
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Question 1 10 out of 10 points Corky-Cola and Pripsy are substitute soft drinks. Which of the following would cause the demand curve for Pripsy to shift to the left? Answer Selected Answer: Correct Answer: Question 2 0 out of 10 points Susan quits her administrative job, which pays $40,000 a year, to finish her four- year college degree. Her annual college expenses are $8,000 for tutition, $700 for books, and $500 for food. What is the opportunity cost of attending college for the year? Answer Selected Answer: Correct Answer: Question 3 10 out of 10 points Suppose that there are three methods of financing the transportation of prisoners from Point A to Point B: I. The boat's captain is paid $100 for every live prisoner who is loaded on board at Point A. II. The captain is paid $100 for every live prisoner who is unloaded at Point B.
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ECO 304K - 9/1/10 8:05 PM Homework 1 Completed 80 out of...

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