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

Author Question: Bus rides and canned soup are inferior goods, so the ________ elasticity of demand is ________. ... (Read 115 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Jun 29, 2018
Bus rides and canned soup are inferior goods, so the ________ elasticity of demand is ________.
 
  A) cross; positive
  B) income; positive
  C) income; negative
  D) cross; negative

Question 2

When Sam's Scarves uses 2 knitting machines and employs 3 people, total revenue is 330 a day. When Sam's Scarves uses 2 knitting machines and employs 4 people, total revenue is 360 a day.
 
  The value of marginal product of the third worker is ________. A) 110
  B) 30
  C) 360
  D) 90


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


burchfield96

  • Hero Member
  • *****
  • Posts: 610
Reply #2 on: Jun 29, 2018
Thank you :)


scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

skull sagittal and inferior skull sagittal and inferior
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Soup’s On! Nutrient claims on the food label must meet strict FDA criteria Soup’s On! Nutrient claims on the food label must meet strict FDA criteria
Inferior view of skull Inferior view of skull
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Video: Proteins

For a complete list of videos, visit our video library