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

Author Question: An 18 percent increase in the price of a small car results in a 10 percent increase in the quantity ... (Read 96 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
on: Jun 29, 2018
An 18 percent increase in the price of a small car results in a 10 percent increase in the quantity supplied. The price elasticity of supply is equal to
 
  A) 1.80.
  B) 0.55.
  C) 0.75.
  D) 0.40.

Question 2

One of the problems associated with the utilitarianism is that it does not recognize that
 
  A) taxing those with higher incomes results in less work effort.
  B) each individual receives a different marginal benefit from a dollar's worth of income.
  C) equity is achieved when there is no poor and no rich.
  D) similar individuals should be treated the same.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vish98

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


formula1

  • Hero Member
  • *****
  • Posts: 666
Reply #2 on: Jun 29, 2018
Correct answers!


vish98

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Comparison of small subunit (SSU) rRNA gene sequences from three animals and a protist. Comparison of small subunit (SSU) rRNA gene sequences from three animals and a protist.
Crossing Over Results in Genetic Recombination p2 Crossing Over Results in Genetic Recombination p2
Small intestine. Small intestine.
Atmospheric pressure decreases with increase in altitude. Atmospheric pressure decreases with increase in altitude.
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Structure of the small intestine. Structure of the small intestine.
Video: Phases of mitosis

For a complete list of videos, visit our video library