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Author Question: For an inferior good: a. the income elasticity is positive. b. the income elasticity if negative. ... (Read 150 times)

melina_rosy

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For an inferior good:
 a. the income elasticity is positive.
  b. the income elasticity if negative.
  c. the income elasticity is zero.
  d. the income elasticity is unity.

Question 2

A firm's accounting profit is called a normal profit when its:
 a. accounting profit is equal to zero.
  b. economic profit is equal to zero.
  c. opportunity cost is equal to zero.
  d. average cost is minimum.
  e. economic profit is equal to accounting profit.



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cpetit11

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Answer to Question 1

B

Answer to Question 2

b




melina_rosy

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Reply 2 on: Jun 30, 2018
Excellent


Jsherida

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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