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Author Question: An increase in subway fares in New York City will boost your expenditures on subway rides if A) ... (Read 397 times)

HudsonKB16

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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.


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samiel-sayed

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


HudsonKB16

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Reply #2 on: Jun 29, 2018
Thank you :)


samiel-sayed

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Reply #3 on: Jun 29, 2018
Happy to help you


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