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

Author Question: Increases in the prices of services due to improvement in its quality indicate a(n) _____. a. ... (Read 76 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
Increases in the prices of services due to improvement in its quality indicate a(n) _____.
 a. decline in productivity.
  b. decline in real GDP.
  c. increase in output.
  d. decline in manufacturing output.
  e. increase in technological progress.

Question 2

Say that a consumer's income elasticity of demand over the relevant range is equal to 2 . When she has a monthly income of 2,000, she spends 600 on food. If her monthly income rose to 4,000, how much would she spend on food?
 a. 900.
 b. 1200.
  c. 1800.
  d. 2400.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


appyboo

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
:D TYSM

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

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

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Species richness increases with island size. Species richness increases with island size.
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
Prices for Cotton and for Slaves, 1802–1860 Prices for Cotton and for Slaves, 1802–1860
Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ... Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ...
Trees provide ecosystem services to people Trees provide ecosystem services to people
Polyploidy increases fruit size Polyploidy increases fruit size
Video: Burn Animation

For a complete list of videos, visit our video library