« previous next »

Author Question: Economic rent is the sum of actual earning and transfer earning. a. True b. False Indicate ... (Read 48 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
Economic rent is the sum of actual earning and transfer earning.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the demand for corn is elastic, then:
 a. there are not many substitutes for the consumption of corn.
  b. the price elasticity of demand for corn is less than -1.
  c. a decrease in price will reduce total revenue for corn producers.
  d. an increase in price will increase total revenue for corn producers.
  e. consumers will continue buying the same quantity even if price increases.


rnehls

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

An example of horizontal gene transfer: antibiotic resistance An example of horizontal gene transfer: antibiotic resistance
Experiment of Lederberg and Tatum demonstrating gene transfer in E. coli Experiment of Lederberg and Tatum demonstrating gene transfer in E. coli
F plasmids transfer during conjugation F plasmids transfer during conjugation
economic question economic question
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library