Question: Help with micro hw ... Mary is a college student who produces grade points and pizzas (which she sells for extra spending money). Mary's parents,
Help with micro hw
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Mary is a college student who produces grade points and pizzas (which she sells for extra spending money). Mary's parents, who pay for her schooling, are concerned that Mary is devoting too much time to making pizzas and confront Mary about her use of time. Mary, who is concerned that her may loss her extra spending money, promises her parents she will produce more grade points and will not need to reduce her pizza production. Mary's parents should consider this promise feasible 0 if Mary is currently producing at a point beyond her production possibilities frontier (or curve). 0 if Mary's production possibilities frontier (or curve) shifts inward. 0 only in her dreams and in reality not feasible under any circumstance, and assume Mary is trying to deceive them. 0 if Mary is currently producing at a point on her production possibilities frontier (or curve). 0 if Mary is currently producing at a point inside her production possibilities frontier (or curve). Milk is a major ingredient used to produce cheese. Consumers of cheese also View milk as a complement in consumption. If the market price of milk increases, then the market equilibrium price of cheese will and market equilibrium quantity of cheese will 0 remain unchanged; decrease decrease; decrease increase; be uncertain be uncertain; decrease O O O 0 increase; increase
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