Abby received requests from three families to babysit a toddler for four hours on friday night. she can only babysit for one of the three families. the fleming family offered her $20, the gilbert family offered her $30, and the lewis family offered her $40. if abby chooses to babysit for the lewis family her opportunity cost of this decision is:

Which of the following best explains why a large company can undersell small retailers? a. large companies can offer workers lower wages because they provide more jobs. b. large companies can pay their employees less because they do unskilled jobs. c. large companies can negotiate better prices with wholesalers. d. large companies have fewer expenses associated with overhead.

Which two of the following are benefits of consumer programs

Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.