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Author Question: Which of the following are motivations for those seeking redistributive transfers? a. The ... (Read 24 times)

tiara099

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on: Jul 1, 2018
Which of the following are motivations for those seeking redistributive transfers?
 
  a. The creation of more income equality.
  b. To help out those who are less fortunate
  c. To create a more just economic system.
  d. a and b
  e. all of the above

Question 2

Justin's bank employs tellers and ATMs. Both are able to serve clients in the exact same way and therefore are perfect substitutes. Describe the elasticity of substitution between the two inputs.
 
  What will be an ideal response?


shayla

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

The elasticity is infinite. The firm is able to freely substitute the goods since they are perfect substitutes (without altering the MRTS).


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