Answer to Question #89222 in Economics for Michael

Question

For a particular group of 10 students, their ordering by height ( shortest to tallest) is exactly the same as their ordering by weight ( lightest to heaviest). Within this group of students, height and weight are...............

1. Negatively correlated
2. Positively correlated
3. Inversely related
4. Unrelated

(B) Antoinette is willing to pay R60 to see the movie, forest bump, for the fourth time. She finds a theatre showing Forest bump for R20. What is Antoinette's consumer surplus?

1. R0
2. R20
3. R40
4. R60

Answer 1

(A) 2. Positively correlated 

(B) 3. R40