This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An increase in subway fares in New York City will boost your expenditures on subway rides if A) ... (Read 403 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
An increase in subway fares in New York City will boost your expenditures on subway rides if
 
  A) the supply of subway rides is elastic.
  B) the supply of subway rides is inelastic.
  C) your demand for subway rides is elastic.
  D) your demand for subway rides is inelastic.

Question 2

A firm has achieved technological efficiency whenever it has
 
  A) fully depreciated all its assets.
  B) produced the given output using the fewest inputs.
  C) produced the given output at the lowest cost.
  D) all of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Jun 29, 2018
Thank you :)


samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Humpback Whale Skeleton on Display at The Museum of Osteology, Oklahoma City, Oklahoma Humpback Whale Skeleton on Display at The Museum of Osteology, Oklahoma City, Oklahoma
In this cartoon, Boss Tweed welcomes cholera—a skeletal figure of death carrying a handbag from “Asi In this cartoon, Boss Tweed welcomes cholera—a skeletal figure of death carrying a handbag from “Asi
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ... Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ...
Compression used to increase circulation when the athlete is clothed. Compression used to increase circulation when the athlete is clothed.
How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ... How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ...
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library