Consider the relation {(1,3),(2.3,4),(3,1),(1,2)}{“version”:”1.1″,”math”:”\{ (1,3),(2.3,4),(3,1),(1,2)\}”} Which of the following statements is false?

The y-intercept of the line passing through (-1,3) and perpendicular to y=-3x+4 is

The y-intercept of the line passing through (2,-3) and with slope equal to -1 is

Select the best answer below. If the market is in equilibrium, determine if the firm should raise price, lower price, or leave it unchanged in order to raise total revenue. Assume the firm does not care about affecting costs.

Use your calculation of income elasticity in the previous question to categorize the demand for this good. Indicate your categorization in the space below.

Your weekly income is $60. The price of a Cool Lime Starbucks Refresher is $2, and the price of a Strawberry Acai Starbucks Refresher is $3. How many Cool Lime Starbucks Refreshers (L) and Strawberry Acai Starbucks Refreshers (S) do you optimally consume per week? Enter the values for L and S.  The value for L is [ans1] and the value for S is [ans2].

How many performances at DPAC (x) must you give up in order to attend one more hockey game (y), when your bundle includes x=6 and y=21? I must give up the following number of DPAC performances: [ans1]

Optional Extra Credit Question: In the real-world application article, “Conversion Rate Optimization: From a Luxury to a Necessity in 2016,” companies’ websites seek to attract a large number of customers through

PART II (5 open-ended questions, multiple parts, 70 points total)

How many hockey games (y) are you willing to give up in order to attend one more performance at DPAC (x), when your bundle includes x=6 and y=21? I’m willing to give up the following number of hockey games: [ans1]