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

Author Question: Studies show that smoking cigars is inversely related to income. Thus cigars are an inferior good. ... (Read 123 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Studies show that smoking cigars is inversely related to income. Thus cigars are an inferior good.
 
  Indicate whether the statement is true or false

Question 2

Which area in the above figure equals the consumer surplus under perfect price discrimination?
 
  A) A + B + C + D + E + F + G + H
  B) A + B + C + D + E
  C) A + B
  D) There is no consumer surplus.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Wow, this really help

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Acromegaly. Acromegaly is a metabolic disorder in which excessive amounts of growth hormone are secr Acromegaly. Acromegaly is a metabolic disorder in which excessive amounts of growth hormone are secr
good to eat good to eat
Procedures and Diagnostic Tests Related to the Integumentary System Procedures and Diagnostic Tests Related to the Integumentary System
Health and Income per Capita: Two Views Health and Income per Capita: Two Views
Concepts related to substance abuse Concepts related to substance abuse
Concepts related to acid–base imbalances Concepts related to acid–base imbalances
Video: Chemical Changes

For a complete list of videos, visit our video library