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

Author Question: An economist estimated the cross-price elasticity for peanut butter and jelly to be +1.5 . Based on ... (Read 176 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
on: Jul 1, 2018
An economist estimated the cross-price elasticity for peanut butter and jelly to be +1.5 . Based on this information, we know the goods are
 a. inferior goods.
  b. complements.
  c. inelastic.
  d. substitutes.

Question 2

The level of an economic activity should be increased to the point where the ____ is zero.
 a. marginal cost
  b. average cost
  c. net marginal cost
  d. net marginal benefit
  e. none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

d


bio_gurl

  • Member
  • Posts: 524
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

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.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Cross-section of skin and a hair follicle. Note the shaft of the hair, the root, and papilla Cross-section of skin and a hair follicle. Note the shaft of the hair, the root, and papilla
Estimated Number of New Sexually Transmitted Infections Estimated Number of New Sexually Transmitted Infections
Blood typing and cross-reactions. The blood type depends on the presence of surface antigens ... Blood typing and cross-reactions. The blood type depends on the presence of surface antigens ...
The Impact of Cross-Ethnic Friendships on Minority Students’ Well-Being The Impact of Cross-Ethnic Friendships on Minority Students’ Well-Being
Analysis of a dihybrid cross involving two traits. Each trait is analyzed separately, then the frequ Analysis of a dihybrid cross involving two traits. Each trait is analyzed separately, then the frequ
A three-point mapping cross in Drosophila melanogaster A three-point mapping cross in Drosophila melanogaster
Video: Cataract

For a complete list of videos, visit our video library