Author Question: In what ways can economists help auto manufacturers estimate the marginal rate of substitution ... (Read 52 times)

geodog55

  • Hero Member
  • *****
  • Posts: 530
In what ways can economists help auto manufacturers estimate the marginal rate of substitution between features such as vehicle interior size and acceleration?
 
  A) Examining production cost data
  B) Conducting consumer surveys about willingness to pay for auto features
  C) Solving the standard consumer model
  D) Statistically analyzing historical data on purchases of different types of autos
  E) B and D only

Question 2

Which of the following markets has the most restrictive geographic boundary?
 
  A) The market for retail gasoline
  B) The market for housing
  C) The market for gold
  D) The market for beef



zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

E

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

For a complete list of videos, visit our video library