Numerical problem on Relative Prices

When the market price of a gallon of gas is similar as the cost of 4 pineapples in dollars, the relative price of the pineapple is: (i) 1/4 of a gallon of gas. (ii) 25 cents. (iii) 4 gallons of gas. (iv) $4.00.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Demand in Dynamics The raise in the

The raise in the supply of potatoes is probable to decrease the: (i) Supply of potato harvesters. (ii) Demand for pasta and rice. (iii) Price of Big Macs. (iv) Quantity of ketchup people put on hot-dogs. (e) Budgets of most house-holds.

Q : Define aggregate demand Define

Define aggregate demand: Aggregate demand is stated as the money value of total goods and services demanded by an economy throughout a particular period.

Q : Problem related to rises japanese yen

Normal 0 false false

Q : Linear demand curves and elasticity

When price falls along a negatively sloped, there straight-line demand curve, then slope: (w) is constant, and elasticity of demand falls. (x) and elasticity of demand both rise. (y) falls, and elasticity of demand rises. (z) rises, and elasticity of

Q : Reason of Financial Intermediation The

The fundamental reason for financial intermediary’s presence is to: (1) Facilitate beginning new business firms by employing internal financing. (2) Help business organizations comply with laws needing the financial intermediation. (3) Minimize

Q : Meaning of Caveat emptor I have a

I have a problem in economics on Meaning of Caveat emptor. Please help me in the following question. Caveat emptor signifies: (i) Let the seller beware! (ii) Everything else held steady. (iii) Let things modify if they should. (iv) Charge whatever the market will allo

Q : Determine competitive price of purely

In this demonstrated figure purely competitive lumber mill’s generic 2×4s now sell for: (1) $3.60 each. (2) $3.00 each. (3) $2.70 each. (4) $2.40 each. (5) $2.10 each.

Q : Total revenue of profit maximizing firm

If this profit-maximizing firm as in given figure can’t price discriminate, in that case its total revenue will equal to: (w) $90,000 per month. (x) $112,000 per month. (y) $60,000 per month. (z) $120,0000 per m

Q : Constant price elasticities in

Perfectly inelastic demand curves include constant price elasticities equivalent to zero as well as: (i) cannot exist within the real world across the full range of possible prices. (ii) happen more often than any other type. (iii) are horizontal line

Q : Buyers and sellers as in price-takers

Price-takers comprise buyers or sellers who are not capable to: (w) resist monopolistic exploitation. (x) influence the prevailing market price. (y) adjust the amounts they buy or sell. (z) make short-run economic profits.

Discover Q & A

Leading Solution Library

Avail More Than 1456944 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1946451
Asked

3,689

Active Tutors

1456944

Questions
Answered

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

Submit Assignment