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 137 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
Thanks for the timely response, appreciate it

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Aquatic microclimates: aquatic environments generally show less temperature variation compared to te Aquatic microclimates: aquatic environments generally show less temperature variation compared to te
The niche of Spartina anglica is related to tidal fluctuations. The niche of Spartina anglica is related to tidal fluctuations.
Homeostasis and negative feedback as related to control of body temperature. Homeostasis and negative feedback as related to control of body temperature.
Relationship between Income and Happiness in the United States Relationship between Income and Happiness in the United States
Health and Income per Capita: Two Views Health and Income per Capita: Two Views
Concepts related to the pathogenesis of myocardial infarction in an individual with diabetes. Concepts related to the pathogenesis of myocardial infarction in an individual with diabetes.
Video: Darwin's Observation (Fossils, Galapagos Islands & Africa ) and Natural Selection (Adaptive Traits)

For a complete list of videos, visit our video library