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Author Question: Refer to Figure 7-1. At the market equilibrium A) the marginal benefit is less than the marginal ... (Read 129 times)

ahriuashd

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on: Jun 29, 2018
Refer to Figure 7-1. At the market equilibrium
 
  A) the marginal benefit is less than the marginal cost.
  B) the marginal benefit is greater than the marginal cost.
  C) the marginal benefit is equal to the marginal cost.
  D) the marginal benefit is zero.

Question 2

Calculate the income elasticity if an 8 percent increase in income leads to a 4 percent increase in quantity demanded for organic produce.
 
  A) -0.66 B) 0.5 C) 1.5 D) 2
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fur

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Reply #1 on: Jun 29, 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.
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ahriuashd

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

kusterl

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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