These two photographs compare distinctive patterns in windbl…

These two photographs compare distinctive patterns in windblown sand in a modern dune (A) with similar structures inside an ancient sandstone (B). Our ability to infer that the structures inside the sandstone were formed by the same processes that formed them in a modern sand dune is an application of                                                                                                                                                            (B) (A)

Critical Thinking (Must contain 2+ sentences for full credit…

Critical Thinking (Must contain 2+ sentences for full credit)   Consider the demand for hamburgers. If the price of a substitute good (e.g., hot dogs) increases and the price of a complement good (e.g., hamburger buns) increases, can you tell for sure what will happen to the demand for hamburgers? Why or why not?

Short Answer/Calculation     The table below shows the cons…

Short Answer/Calculation     The table below shows the consumption choices between two goods: running shoes and running shorts. Assume that you have an income of $300, running shoes cost $150, and running shorts cost $30. Fill in the total utility columns, as well as the marginal utility per dollar (MU/$) columns. Then decide which is the optimal combination of goods based on maximizing your total utility.   In your answer, if the answer is a whole number, no decimal is needed. If the answer has (non-zero) decimals, round to two digits. Example answers:   Running Shoes TU MU MU/$ Running Shorts TU MU MU/$ 1 300 1 150 2 50 2 120 3 50 3 90 4 50 4 75 5 50 5 60

Critical Thinking (Must contain 2+ sentences for full credit…

Critical Thinking (Must contain 2+ sentences for full credit)   We know that a change in the price of a product causes a movement along the demand curve. Suppose consumers believe that prices will be rising in the future. How will that affect demand for the product in the present? How would you show this graphically?