If the price of a candy bar is $1 and the price of a fast food meal is $5, then the
A) relative price of a fast food meal is 5 candy bars per fast food meal.
B) money price of a fast food meal is 1/5 of a candy bar per fast food meal.
C) money price of a candy bar is 1/5 of a fast food meal per candy bar.
D) relative price of a candy bar is 5 fast food meals per candy bar.
Correct Answer:
Verified
Q2: The price of a DVD rental is
Q3: If the money price of hats rises
Q4: Twenty years ago a stove cost $300
Q5: A relative price is the
A) difference between
Q6: The opportunity cost of good A in
Q7: The opportunity cost of a hot dog
Q8: An ice cream cone costs $1.50. A
Q9: If the price of a hot dog
Q10: If the money price of wheat increases
Q11: The price of a DVD rental is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents