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Author Question: If goods are complements, then their A) cross elasticities are positive. B) income elasticities ... (Read 65 times)

stock

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on: Jun 29, 2018
If goods are complements, then their
 
  A) cross elasticities are positive.
  B) income elasticities are positive.
  C) income elasticities are negative.
  D) cross elasticities are negative.

Question 2

In the above table, between what two levels of output does one first observe the law of diminishing returns?
 
  A) 0 and 1000
  B) 1000 and 3000
  C) 3000 and 4000
  D) 4000 and 4500


C.mcnichol98

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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