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

Author Question: If an Engel curve has a negative slope, A) the good is inferior. B) the good is normal. C) ... (Read 88 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
If an Engel curve has a negative slope,
 
  A) the good is inferior.
  B) the good is normal.
  C) the good has no substitutes.
  D) the good has no complements.

Question 2

A bumper-to-bumper warranty on a used car is a signaling device that
 
  A) identifies a high-quality car as a high-quality car, because putting such a warranty on a low-quality car would be prohibitively costly.
  B) disguises a low-quality car as a high-quality car, and thus makes it easier to sell.
  C) is necessary in order to sell a low-quality car at all. Without it no one would risk buying the car.
  D) isn't necessary if there is a mix of high-quality and low-quality cars in the market.
  E) helps sellers determine whether the buyer is truly looking for a high-quality car.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bassamabas

  • Sr. Member
  • ****
  • Posts: 294
Answer to Question 1

A

Answer to Question 2

A




vicotolentino

  • Member
  • Posts: 552
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

For a complete list of videos, visit our video library