This topic contains a solution. Click here to go to the answer

Author Question: If quantity demanded for rice falls by 2 when price increases 8, we know that the absolute value of ... (Read 77 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
If quantity demanded for rice falls by 2 when price increases 8, we know that the absolute value of the own-price elasticity of rice is:
 a. 2.5.
  b. 0.25
  c. 4.0
  d. 0.40.

Question 2

The moral hazard in team production arises from
 a. poorly designed team membership
  b. lack of proper assignment of individual tasks
  c. disorganization in groups
  d. a conflict between tactically best interest and one's duty
  e. insufficient experience



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shoemake

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

b

Answer to Question 2

d




nenivikky

  • Member
  • Posts: 516
Reply 2 on: Jul 1, 2018
Excellent


ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

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.

For a complete list of videos, visit our video library