This topic contains a solution. Click here to go to the answer

Author Question: If a 1 change in the price of a good causes a 1 change in the quantity demanded, the good has an ... (Read 128 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
If a 1 change in the price of a good causes a 1 change in the quantity demanded, the good has an elasticity of demand:
 
  A) equal to 0.
  B) less than 1.
  C) equal to 1.
  D) greater than 1.

Question 2

MSB equals
 
  A) MC + the marginal external cost.
  B) MC + the marginal external benefit.
  C) MB + the marginal external cost.
  D) MB + the marginal external benefit.
  E) MB + MC.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

C

Answer to Question 2

D




kfurse

  • Member
  • Posts: 590
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

For a complete list of videos, visit our video library