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

Author Question: Which of the following commodities can be considered as an inferior good? a. Dwelling in a small ... (Read 76 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jun 30, 2018
Which of the following commodities can be considered as an inferior good?
 a. Dwelling in a small apartment located in a suburb
  b. Washing clothes in a washer at home
  c. Eating out at an upscale restaurant
  d. Spending vacations at exotic locations

Question 2

When a firm incurs negative economic profit, it should:
 a. hire more laborers to make the business activity profitable.
  b. transfer the resources from its current use to other alternative uses.
  c. purchase additional raw materials to produce more output.
  d. transfer additional resources from other alternative uses to the current activity.
  e. continue to operate with the same resources.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gcook

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

b


JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jun 30, 2018
Excellent

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

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?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Small copper, Binigaus, Minorca Small copper, Binigaus, Minorca
Villi in the small intestine Villi in the small intestine
When the number of miles traveled is considered, drivers under 25 years of age and those over 70 are ... When the number of miles traveled is considered, drivers under 25 years of age and those over 70 are ...
This battery-powered tester uses light-emitting diodes (LEDs), meter lead terminals, and two small ... This battery-powered tester uses light-emitting diodes (LEDs), meter lead terminals, and two small ...
Basic sliding effleurage using the thumb gets into the small spaces between the metatarsals of the ... Basic sliding effleurage using the thumb gets into the small spaces between the metatarsals of the ...
Small Plates Small Plates
Video: Properties of macromolecules (Explained with No Audio)

For a complete list of videos, visit our video library