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 60 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?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Pulse oximetry. The small device provides a digital readout of oxygen levels in the blood. Pulse oximetry. The small device provides a digital readout of oxygen levels in the blood.
Some of the many small molecules found in cells Some of the many small molecules found in cells
Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s
Small intestine, micro organisms Small intestine, micro organisms
Outcome of myocardial infarction. Forty percent of 1-week survivors have late complications ... Outcome of myocardial infarction. Forty percent of 1-week survivors have late complications ...
Results of gamete formation Results of gamete formation
Video: Major Elements in Biological Molecules: Nucleic acids

For a complete list of videos, visit our video library