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Goods with upward sloping demand curves are referred to as

1.5. What kind of animal was hunted at the end of the ice Age?   (1)

Table 10-1 Quantity of Pita Wraps Total Utility Quantity of Bubble Tea Total Utility 1   60 1   40 2 102 2   70 3 132 3   91 4 144 4 106 5 144 5 112 6 138 6 115 7 128 7 115  Keegan has $30 to spend on Pita Wraps and Bubble Tea. The price of a Pita Wrap is $6 and the price of a glass of Bubble Tea is $3. Table 10-1 shows his total utility from different quantities of the two items. Refer to Table 10-1. What is Keegan’s optimal consumption bundle?

A significant downside to network externalities is that

If the percentage increase in price is 15 percent and the value of the price elasticity of demand is -3, then quantity demanded

1.4. What happened when the land bridge to the continent was cut?   (1)

Figure 11-10Refer to Figure 11-10. Suppose for the past 8 years the firm has been producing Qd units per period using plant size ATC4. Now, following a permanent change in demand, it plans to cut production to Qc units. What will happen to its average cost of production?

Figure 11-1Refer to Figure 11-1. The marginal product of the 3rd worker is

The difference between technology and technological change is that

Total utility