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

Author Question: If a good is inferior, its income elasticity will be A) 0. B) 1.0. C) negative. D) ... (Read 104 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
on: Jun 29, 2018
If a good is inferior, its income elasticity will be
 
  A) 0.
  B) 1.0.
  C) negative.
  D) positive.

Question 2

Consider a BMW automobile plant. If the price of BMWs increase by 10 percent and the money wage rate and other costs ________, there will be ________.
 
  A) increase by 10 percent; an increase in BMWs profits
  B) do not change; an increase in BMW's production and profit
  C) increase by 10 percent; an increase in BMWs production
  D) do not change; no change in production


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karlss

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


cagreen833

  • Hero Member
  • *****
  • Posts: 544
Reply #2 on: Jun 29, 2018
Thank you :)


karlss

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Negative feedback control of the female reproductive hormones Negative feedback control of the female reproductive hormones
Take a good look at this woman Take a good look at this woman
A Negative Afterimage A Negative Afterimage
The cell wall of a Gram-negative bacterium, E. coli The cell wall of a Gram-negative bacterium, E. coli
Negative Feedback Regulation of BP Negative Feedback Regulation of BP
Variable and absorption costing, explaining operating-income differences. Variable and absorption costing, explaining operating-income differences.
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library