8.3 State which items when combined create a homogenous mixture and which items when combined create a heterogeneous mixture.   A) Water                                      B) Samp C) Sugar D) Curry powder              (4)

Refer to the following table to answer the next six questions.The table describes the utility Alice receives from her consumption of movies or used DVDs. Movies Consumed Total Utility Used DVDs Consumed Total Utility 0 0 0 0 1 200 1 50 2 350 2 80 3 400 3 100 4 480 4 110 5 480 5 103 Assume that movies cost $5 and used DVDs cost $1. If Ashley has $12, the bundle of goods that would maximize her utility leads to a total utility equal to ________ utils.

Economists expect the firm to maximize ________, the laborer to accept the best ________, and the consumer to find the combination of goods that gives the most ________.

Based on the figure below, what is the opportunity cost in terms of wings when producing 20 more pizzas if the economy is efficiently producing 150 wings and 50 pizzas?Click to view larger image.

Refer to the following graph to answer the next six questions. This consumer experiences diminishing marginal utility

Refer to the following graph to answer the next four questions. Total utility will reach its maximum at the consumer’s ________ cupcake.

If a decrease in price results only in a small savings, the enhanced purchasing power is effectively

Rodrigo operates a dry-cleaning service and charges customers $5 per article of clothing. Based on his knowledge of operations, the 1,000th piece of clothing costs him $4.95 to dry-clean. If he takes additional business, however, the 1,001st piece will cost $5 for the service. Does he take the additional business?

Karla, a landscaper, is trying to decide whether to hire Anton, a student, to help her with a big job. She would pay him $20 per hour. Every task takes Anton three times as long to complete as it takes Karla. Karla is able to earn $90 per hour for her own time and has more landscaping jobs than she can handle. What is Karla’s opportunity cost of hiring Anton?

Refer to the following figure. At a price of $15, this market is experiencingClick to view larger image.