--%>

Example of Relative Price

Suppose a deluxe hamburger is $5, an Oreo blizzard is $3, and a soda is $1. Then the relative price of the hamburger is: (a) 1.6 blizzards. (b) four sodas and half of a blizzard. (c) two blizzards. (d) a blizzard and one soda.

Can someone explain/help me with best solution about relative price problem of economic...

   Related Questions in Public Economics

  • Q : Earn zero profit in long run by

    Which of the given statements is right?: w) Economic profit takes within account all costs involved within producing a product. x) Accounting profit is not relevant within preparing the firm's financial statement. y) Economic profit all the time exceeds accounting pro

  • Q : Positive declaration in positive

    When a mother tells her young child that thunder is caused by the angels bowling up in heaven, scientists would classify her statement as most clearly: (w) a normative statement. (x) a positive statement. (y) microeconomics in place of macroeconomics. (z) scientifical

  • Q : LEAST relation of study of economics

    Please help me to solve the problem that is given below: The study of economics is LEAST related along with: (w) humanity in its wealth getting and wealth using activities. (x) physiological interpretations of labo

  • Q : Explain about the positive economic

    Positive economic statements: (1) are factual and can never be wrong. (2) predict political viewpoints. (3) are attempts to explain economic relationships. (4) estimate the fairness of social programs. (5) can resolve the matter of equity.

  • Q : Determine the address of Microeconomics

    Microeconomics and Macroeconomics address: (w) exactly similar questions. (x) totally different questions. (y) incompatible sets of value judgments. (z) economic matters at somewhat different levels. How can I solv

  • Q : Market adjustments within equilibrium

    When the soybean market is originally into equilibrium, on S0D0, raises in the wages of farm workers will cause change(s) to: (w) S1D0.(x) S0D1. (y) S2D2.  (z

  • Q : Allocative Mechanisms and Efficiency

    Allotment of resources and goods through tradition or brute force will most probable outcome in: (i) Inadequately low production. (ii) Equivalent income distributions. (iii) Democratic resource allocation. (iv) Production possibilities growth.

  • Q : Problem on equivalent amounts of goods

    Can someone help me in finding out the right answer from the given options. According to the equivalent share criterion of distribution, individuals must: (i) Share income according to personal requirement. (ii) All produce equivalent shares of output. (iii) Each cons

  • Q : Occurrence of good or service scarce in

    A good or service is scarce when people: (w) would benefit from its reduction. (x) wish more than the amounts freely obtainable. (y) cannot enjoy this simultaneously. (z) can freely consume all they want.

    Q : Explain about excellent economic

    Good economic theories are tends to be: (w) detailed pictures of real-world economic behavior. (x) based upon value judgments. (y) logical and simple explanations of real world behavior. (z) intended at maximizing capitalists' profits.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1422488 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1941246
    Asked

    3,689

    Active Tutors

    1422488

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.