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

Author Question: Increases in the prices of services due to improvement in its quality indicate a(n) _____. a. ... (Read 123 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
Increases in the prices of services due to improvement in its quality indicate a(n) _____.
 a. decline in productivity.
  b. decline in real GDP.
  c. increase in output.
  d. decline in manufacturing output.
  e. increase in technological progress.

Question 2

Say that a consumer's income elasticity of demand over the relevant range is equal to 2 . When she has a monthly income of 2,000, she spends 600 on food. If her monthly income rose to 4,000, how much would she spend on food?
 a. 900.
 b. 1200.
  c. 1800.
  d. 2400.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


appyboo

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
:D TYSM

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Soil Quality Soil Quality
Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
The number of words correctly completed in the New York Times crossword puzzle increases with age ... The number of words correctly completed in the New York Times crossword puzzle increases with age ...
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
The expected value for a binomial probability distribution is _____. The expected value for a binomial probability distribution is _____.
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Hershey Chase Experiments

For a complete list of videos, visit our video library