--%>
Assignment Help - homework help

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.

   Related Questions in Microeconomics

  • Q : Define Optimal Sample Size Optimal

    Optimal Sample Size: The optimal or suitable size of sample in a survey or poll is the function of four discrete factors: 1. Size of the population: The size of the

    		•
  • Q : Increase in demand for Normal Goods

    Zelda’s purchases of bigger and more cubic zirconium rings since she got a big pay raise are an illustration of a/an: (i) Raise in demand. (ii) Raise in quantity demanded. (iii) Raise in supply. (iv) Deterioration of the tastes.

    Q : Kinked demand curve of an oligopoly

    The kinked demand curve of an oligopoly model supposes: (w) price increases will be followed. (x) price increases will be matched. (y) price declines will be matched. (z) any price changes will be matched.

    Q : Produces profit maximizing by marginal

    All profit maximizing firms makes where marginal revenue: (w) equals marginal cost. (x) equals average variable cost. (y) includes average revenue. (z) is rising. Can anybody suggest me the proper

    		•
  • Q : World price in market When for wheat

    When for wheat the world price is $10 per bushel, and Del, who one owns the biggest wheat farm into North Dakota, will work at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point f.

    Q : Maximizing utility from consumption of

    Given that a MU of French fries of 35 utils and a MU for serving of potato chips at 25 utils, when their respective prices are $1.50 and $.80, the person who wants to maximize utility from the consumption of both of such goods would consume: (i) The similar amount of

    		•
  • Q : Product differentiation in conduct

    Several market structures may pivot around goods which are heterogeneous, however the only market structure that absolutely needs goods to be differentiated within the minds of consumers of: (1) perfect competition. (2) pure competition. (3) monopolistic competition.

    		•
  • Q : Problem on losing financial investments

     Can someone please help me in finding out the precise answer from the following question. Owners generally can’t lose more than their financial investments when a firm is a: (i) Proprietorship. (ii) Family business. (iii) Partnership. (iv) Corporation.

    		•
  • Q : Discretionary fiscal policy Choose the

    Choose the right answer from following. Discretionary fiscal policy refers to: A) any change in government spending or taxes that destabilizes the economy. B) the authority that the President has to change personal income tax rates. C) changes in taxes and government

    		•
  • Q : Demand when coefficient of price

    When the coefficient of price elasticity for eggs is 0.67, in that case the demand for eggs is: (w) relatively elastic. (x) relatively inelastic. (y) an upward sloping demand. (z) a horizontal demand. I need a good

    		•