« previous next »

Author Question: Good A is an inferior good. If the price of good A were to suddenly double, the substitution effect ... (Read 115 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
on: Jul 1, 2018
Good A is an inferior good. If the price of good A were to suddenly double, the substitution effect would cause the purchases of good A to increase by
 
  A) more than double.
  B) exactly double.
  C) less than double.
  D) Any of the above are possible.
  E) none of the above

Question 2

Left alone, with no government interference, a profit-maximizing firm will produce emissions
 
  A) where the MSB curve crosses the MCA curve.
  B) at the vertical intercept of the MSB curve.
  C) at the horizontal intercept of the MSB curve.
  D) at the vertical intercept of the MCA curve.
  E) at the horizontal intercept of the MCA curve.


recede

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 2 The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 2
Double Rainbow Double Rainbow
Effect of a Black Hole’s Tidal Force on Infalling Matter Effect of a Black Hole’s Tidal Force on Infalling Matter
A single base substitution leading to a single amino acid substitution in the hemoglobin beta chain A single base substitution leading to a single amino acid substitution in the hemoglobin beta chain
Contributions of various His residues to the Bohr effect in hemoglobin Contributions of various His residues to the Bohr effect in hemoglobin
The effect of thermal expansion The effect of thermal expansion
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library