« previous next »

Author Question: Which one of the following is true? a. Nike has a more inelastic demand curve than shoes b. The ... (Read 54 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jul 1, 2018
Which one of the following is true?
 a. Nike has a more inelastic demand curve than shoes
  b. The demand curve for gas is more elastic in the short-run than in the long-run
  c. Cigarettes have a more elastic demands than televisions
  d. Salt has a more inelastic demand than meat

Question 2

Managerial economics seeks to accomplish all of these goals EXCEPT:
 a. identify the alternatives
  b. select the choice that accomplishes the objective most efficiently
  c. take into account the opportunities
  d. take into account the likely actions & reactions of rival decision makers
  e. all of the above


kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
Classic Supply - Demand Curve Classic Supply - Demand Curve
Linear dose-response curve Linear dose-response curve
Better Shoes Better Shoes
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
The circadian rhythm is a wave-like curve The circadian rhythm is a wave-like curve
Video: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library