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Author Question: Ramen noodles are likely considered A) a normal good. B) an inferior good. C) to have inelastic ... (Read 40 times)

laurencescou

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on: Jul 1, 2018
Ramen noodles are likely considered
 
  A) a normal good.
  B) an inferior good.
  C) to have inelastic demand.
  D) to have perfectly elastic demand.

Question 2

If you place 100 in a bank account that pays 6 at the end of each year, and you leave your 100 and all your interest in the bank, how much will you have in the bank at the end of 7 years with annual compounding?
 
  A) (106)7
  B) 7  (106)
  C) 100  (1.60)7
  D) 100  (1.06)7


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Eunice618

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

B

Answer to Question 2

D


laurencescou

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

tkempin

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Reply 3 on: Yesterday
Excellent

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