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

Author Question: Which of the following commodities can be considered as an inferior good? a. Dwelling in a small ... (Read 33 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jun 30, 2018
Which of the following commodities can be considered as an inferior good?
 a. Dwelling in a small apartment located in a suburb
  b. Washing clothes in a washer at home
  c. Eating out at an upscale restaurant
  d. Spending vacations at exotic locations

Question 2

When a firm incurs negative economic profit, it should:
 a. hire more laborers to make the business activity profitable.
  b. transfer the resources from its current use to other alternative uses.
  c. purchase additional raw materials to produce more output.
  d. transfer additional resources from other alternative uses to the current activity.
  e. continue to operate with the same resources.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gcook

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

b


JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jun 30, 2018
:D TYSM

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

good to eat good to eat
During drought years on the Galapagos, small, easily eaten seeds become rare, le During drought years on the Galapagos, small, easily eaten seeds become rare, le
Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ... Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ...
Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ... Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ...
Structure of a small nuclear RNA (snRNA) Structure of a small nuclear RNA (snRNA)
Small Plates Small Plates
Video: Fertilization and Development

For a complete list of videos, visit our video library