« previous next »

Author Question: If the cross-elasticity of demand for bacon with respect to price of beefsteak is positive, then: ... (Read 82 times)

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
If the cross-elasticity of demand for bacon with respect to price of beefsteak is positive, then:
 a. an increase in the price of beefsteak will shift the demand curve for bacon outward.
  b. a decrease in the price of beefsteak will shift the demand curve for beefsteak outward.
  c. an increase in the price of bacon will shift the demand curve for beefsteak inward.
  d. a decrease in the price of bacon will shift the demand curve for beefsteak outward.

Question 2

A zero economic profit is not a bad thing because:
 a. it is a situation in which the owners, or shareholders, of a firm could not do better elsewhere.
  b. it is a situation in which the resources of a firm are always optimally utilized.
  c. it means that a firm is paying an interest rate that is below the market rate.
  d. it means that stock prices will not fall.
  e. it means that investors are better off in the current venture than they would be in any other investment.


Ashley I

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Continuous positive airway pressure (CPAP) device. The sleeping subject is receiving the benefits of Continuous positive airway pressure (CPAP) device. The sleeping subject is receiving the benefits of
Intradermal drug administration: (a) cross section of skin showing depth of needle insertion Source: Intradermal drug administration: (a) cross section of skin showing depth of needle insertion Source:
Microtubules: EM of cilia cross section Microtubules: EM of cilia cross section
A radiator may be either a down-flow or a cross-flow type. A radiator may be either a down-flow or a cross-flow type.
A Punnett square generating the F2 ratio of the F1 x F1 cross A Punnett square generating the F2 ratio of the F1 x F1 cross
Distribution of F1 and F2 Progeny Derived from a Theoretical Cross Involving Tomatoes Distribution of F1 and F2 Progeny Derived from a Theoretical Cross Involving Tomatoes
Video: HIV Infection: Viral life cycle

For a complete list of videos, visit our video library