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

Author Question: An increase in subway fares in New York City will boost your expenditures on subway rides if A) ... (Read 399 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
An increase in subway fares in New York City will boost your expenditures on subway rides if
 
  A) the supply of subway rides is elastic.
  B) the supply of subway rides is inelastic.
  C) your demand for subway rides is elastic.
  D) your demand for subway rides is inelastic.

Question 2

A firm has achieved technological efficiency whenever it has
 
  A) fully depreciated all its assets.
  B) produced the given output using the fewest inputs.
  C) produced the given output at the lowest cost.
  D) all of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Jun 29, 2018
Thank you :)


samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Paul Strand, Geometric Backyards, New York. Paul Strand, Geometric Backyards, New York.
Ludwig Mies van der Rohe and Philip Johnson, Seagram Building, New York City. Ludwig Mies van der Rohe and Philip Johnson, Seagram Building, New York City.
Matthew Ritchie, three stills from The Iron City. Matthew Ritchie, three stills from The Iron City.
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
Increase in rainfall on continents Increase in rainfall on continents
Video: Knee Animation

For a complete list of videos, visit our video library