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Author Question: When Sidney's Sweaters, Inc makes exactly zero economic profit, Sidney, the owner A) is taking a ... (Read 382 times)

cool

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on: Jun 29, 2018
When Sidney's Sweaters, Inc makes exactly zero economic profit, Sidney, the owner
 
  A) is taking a loss.
  B) will shut down in the short run.
  C) makes an income equal to his best alternative forgone income.
  D) will boost output.

Question 2

The ________ the portion of your income spent on a good, the ________ is your demand for the good.
 
  A) larger; more income elastic
  B) larger; more price elastic
  C) smaller; less price elastic
  D) smaller; more income elastic


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huda

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

C

Answer to Question 2

C


cool

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

tkempin

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Reply 3 on: Yesterday
Wow, this really help

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