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Author Question: A normal good is a good for which demand A) decreases when income increases. B) increases when ... (Read 38 times)

skymedlock

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on: Jun 29, 2018
A normal good is a good for which demand
 
  A) decreases when income increases.
  B) increases when income increases.
  C) decreases when population increases.
  D) increases when population increases.

Question 2

The opportunity cost of attending college includes the cost of
 
  A) the tuition but not the job at which you would otherwise have worked.
  B) the highest valued alternative to attending college.
  C) the highest valued alternative to attending college plus the cost of tuition.
  D) tuition, books, and the lost wages for the hours spent studying.


Zebsrer

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

B

Answer to Question 2

C


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