Chapter 2: Q 7 (page 43)
Would a research study on the effects of soft drink consumption on children’s cognitive development be a positive
or normative statement?
Short Answer
It is a positive statement.
Chapter 2: Q 7 (page 43)
Would a research study on the effects of soft drink consumption on children’s cognitive development be a positive
or normative statement?
It is a positive statement.
All the tools & learning materials you need for study success - in one app.
Get started for freeSuppose Alphonso’s town raised the price of bus tickets to \(1 per trip (while the price of burgers stayed at \)2 and
his budget remained $10 per week.) Draw Alphonso’s new budget constraint. What happens to the opportunity cost
of bus tickets?
Suppose Alphonso’s town raises the price of bus
tickets from \(0.50 to \)1 and the price of burgers rises from \(2 to \)4. Why is the opportunity cost of bus tickets unchanged? Suppose Alphonso’s weekly spending money increases from \(10 to \)20. How is his budget constraint affected from all three changes? Explain.
Use this information to answer the following 4 questions: Marie has a weekly budget of \(24, which she likes to spend on magazines and pies.
If the price of a magazine is \)4 each, what is the maximum number of magazines she could buy in a week?
What is comparative advantage?
What is productive efficiency? Allocative efficiency?
What do you think about this solution?
We value your feedback to improve our textbook solutions.