This topic contains a solution. Click here to go to the answer

Author Question: When economists speak of normal goods they mean goods for which A) the demand curve slopes ... (Read 67 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
When economists speak of normal goods they mean goods for which
 
  A) the demand curve slopes downward.
  B) marginal utility is positive.
  C) marginal utility decreases as consumption increases.
  D) demand decreases when incomes fall.

Question 2

High concentration measures will understate the extent of competition in a market if
 
  A) the true geographical scope of the market is global rather than national.
  B) entry into the industry is easy.
  C) the geographical scope of the market is regional rather than national.
  D) Both answers A and B are correct.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ansleighelindsey

  • Sr. Member
  • ****
  • Posts: 364
Answer to Question 1

D

Answer to Question 2

D




cartlidgeashley

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
Gracias!


T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

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.

For a complete list of videos, visit our video library