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

Author Question: If the income elasticity of food is 0.72, then food is A) a necessity and a normal good. B) a ... (Read 449 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
If the income elasticity of food is 0.72, then food is
 
  A) a necessity and a normal good.
  B) a normal good.
  C) a necessity.
  D) an inferior good.

Question 2

The above figure shows the isoquants for producing steel. When producing between 10,000 and 20,000 tons there are
 
  A) increasing returns to scale.
  B) decreasing returns to scale.
  C) constant returns to scale.
  D) economies of scale.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


AEWBW

  • Member
  • Posts: 579
Reply 2 on: Jul 1, 2018
:D TYSM

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

food web food web
Movement of a bolus of food from the mouth to the esophagus. The bolus then travels to the stomach. Movement of a bolus of food from the mouth to the esophagus. The bolus then travels to the stomach.
Hematocrits, left to right: normal, anemia, polycythemia. Hematocrits, left to right: normal, anemia, polycythemia.
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
An aqueous solution has a normal boiling point of 103.0C. What is the freezing point of this ... An aqueous solution has a normal boiling point of 103.0C. What is the freezing point of this ...
Expulsion of fetus and afterbirth during normal delivery. The afterbirth consists of the placenta, t Expulsion of fetus and afterbirth during normal delivery. The afterbirth consists of the placenta, t
Video: Uterine (menstrual) cycle - phases

For a complete list of videos, visit our video library