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

Author Question: Bus rides and canned soup are inferior goods, so the ________ elasticity of demand is ________. ... (Read 113 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Jun 29, 2018
Bus rides and canned soup are inferior goods, so the ________ elasticity of demand is ________.
 
  A) cross; positive
  B) income; positive
  C) income; negative
  D) cross; negative

Question 2

When Sam's Scarves uses 2 knitting machines and employs 3 people, total revenue is 330 a day. When Sam's Scarves uses 2 knitting machines and employs 4 people, total revenue is 360 a day.
 
  The value of marginal product of the third worker is ________. A) 110
  B) 30
  C) 360
  D) 90


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


burchfield96

  • Hero Member
  • *****
  • Posts: 610
Reply #2 on: Jun 29, 2018
Thank you :)


scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Worldly Goods Worldly Goods
Inferior view of distal ends of radius and ulna Inferior view of distal ends of radius and ulna
Hot soup (tang) Galbi-tang Hot soup (tang) Galbi-tang
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library