Author Question: Ramen noodles are likely considered A) a normal good. B) an inferior good. C) to have inelastic ... (Read 69 times)

laurencescou · **on:** Jul 1, 2018

Ramen noodles are likely considered

A) a normal good.
B) an inferior good.
C) to have inelastic demand.
D) to have perfectly elastic demand.

Question 2

If you place 100 in a bank account that pays 6 at the end of each year, and you leave your 100 and all your interest in the bank, how much will you have in the bank at the end of 7 years with annual compounding?

A) (106)7
B) 7 (106)
C) 100 (1.60)7
D) 100 (1.06)7