Author Question: In what ways can economists help auto manufacturers estimate the marginal rate of substitution ... (Read 70 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?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

For a complete list of videos, visit our video library