Author Question: If the indifference curves between two goods are L-shaped, the goods are A) complementary goods. ... (Read 104 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
If the indifference curves between two goods are L-shaped, the goods are
 
  A) complementary goods.
  B) substitute goods.
  C) normal goods.
  D) inferior goods.

Question 2

The figure above shows the costs associated with producing paper. When paper is produced, there is some pollution runoff into a lake. The marginal private cost when output equals 2 tons of paper per week equals
 
  A) 50 per ton
  B) 100 per ton.
  C) 150 per ton.
  D) None of the above answers is correct.



yotaSR5

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

For a complete list of videos, visit our video library