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

Author Question: The demand for a product is more elastic a. When it has few substitutes b. In the long-run c. When ... (Read 88 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jul 1, 2018
The demand for a product is more elastic
 a. When it has few substitutes
 b. In the long-run
 c. When the expenditure on the product represent a small portion of the budget
  d. When the product is broadly defined

Question 2

A Prisoners Dilemma illustrates the fact that
 a. Rational choices can lead to inefficient outcomes
 b. Rational choices always leads to good outcomes
 c. Rational choices always lead to inefficient outcomes
  d. None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


kshipps

  • Member
  • Posts: 571
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Feng Mengbo, Long March: Restart. Feng Mengbo, Long March: Restart.
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Importance of Considering Gestalt Principles in Product Design (1 of 2) Importance of Considering Gestalt Principles in Product Design (1 of 2)
Find derivative using product rule Find derivative using product rule
When a 2.75-kg fan, having blades 18.5 cm long, is turned off, its angular speed decreases ... When a 2.75-kg fan, having blades 18.5 cm long, is turned off, its angular speed decreases ...
Long bone formation Long bone formation
Video: First Stage of Labor and Delivery Video

For a complete list of videos, visit our video library