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

Author Question: If the income elasticity of food is 0.72, then food is A) a necessity and a normal good. B) a ... (Read 295 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
If the income elasticity of food is 0.72, then food is
 
  A) a necessity and a normal good.
  B) a normal good.
  C) a necessity.
  D) an inferior good.

Question 2

The above figure shows the isoquants for producing steel. When producing between 10,000 and 20,000 tons there are
 
  A) increasing returns to scale.
  B) decreasing returns to scale.
  C) constant returns to scale.
  D) economies of scale.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


AEWBW

  • Member
  • Posts: 579
Reply 2 on: Jul 1, 2018
Excellent

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Normal lab values Normal lab values
Basic Food Group Choices for a 1,200 Calorie Eating Plan Basic Food Group Choices for a 1,200 Calorie Eating Plan
Changes in the bronchioles during an asthma attack: (a) Normal bronchiole. (b) The inflammatory ... Changes in the bronchioles during an asthma attack: (a) Normal bronchiole. (b) The inflammatory ...
Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ... Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ...
Endocrine regulation of food intake and energy homeostasis in mammals Endocrine regulation of food intake and energy homeostasis in mammals
A deficiency of linoleic acid can interfere with normal growth and result in inflammation A deficiency of linoleic acid can interfere with normal growth and result in inflammation
Video: Smoking Cessation

For a complete list of videos, visit our video library