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

Author Question: S & S Backhoe Service in Ozark, Arkansas rents backhoes and other heavy equipment to local ... (Read 40 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
S & S Backhoe Service in Ozark, Arkansas rents backhoes and other heavy equipment to local construction companies. What determines the demand for backhoes in Arkansas?
 
  A) The rental rate for backhoes
  B) The equilibrium quantity of backhoes
  C) The value of marginal product of backhoes
  D) The maximum number of backhoes available to rent

Question 2

When the price of a normal good rises, the income effect results in ________ in the quantity demanded and the substitution effect results in ________ in the quantity demanded.
 
  A) an increase; an increase
  B) an increase; a decrease
  C) a decrease; an increase
  D) a decrease; a decrease


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briezy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


jerry coleman

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Excellent

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Myosin has two heavy chains (in two shades of pink), Myosin has two heavy chains (in two shades of pink),
Venipuncture equipment. Venipuncture equipment.
Demonstrating the use of venipuncture equipment. Using a syringe to draw blood. Demonstrating the use of venipuncture equipment. Using a syringe to draw blood.
Chemicals can adversely affect personal protective equipment (PPE) in three ways: They can permeate ... Chemicals can adversely affect personal protective equipment (PPE) in three ways: They can permeate ...
Crucible Lab Equipment Crucible Lab Equipment
Bakeshop Tools and Equipment Bakeshop Tools and Equipment
Video: Attention Deficit Disorder (ADD)

For a complete list of videos, visit our video library