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

Author Question: Studies show that smoking cigars is inversely related to income. Thus cigars are an inferior good. ... (Read 94 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Studies show that smoking cigars is inversely related to income. Thus cigars are an inferior good.
 
  Indicate whether the statement is true or false

Question 2

Which area in the above figure equals the consumer surplus under perfect price discrimination?
 
  A) A + B + C + D + E + F + G + H
  B) A + B + C + D + E
  C) A + B
  D) There is no consumer surplus.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

No Smoking No Smoking
Take a good look at this woman Take a good look at this woman
Procedures and Diagnostic Tests Related to the Cardiovascular System Procedures and Diagnostic Tests Related to the Cardiovascular System
Procedures for Diagnostic Tests Related to the Digestive System Procedures for Diagnostic Tests Related to the Digestive System
Humans are related to Earth’s other organisms Humans are related to Earth’s other organisms
Please show all your work (4 marks) Please show all your work (4 marks)
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library