Bus rides and canned soup are inferior goods, so the ________ ...

[burchfield96]

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

[scrocafella]

Answer to Question 1

C

Answer to Question 2

B

[burchfield96]

Thank you

[scrocafella]

Happy to help you