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

Author Question: Increases in the prices of services due to improvement in its quality indicate a(n) _____. a. ... (Read 110 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
Increases in the prices of services due to improvement in its quality indicate a(n) _____.
 a. decline in productivity.
  b. decline in real GDP.
  c. increase in output.
  d. decline in manufacturing output.
  e. increase in technological progress.

Question 2

Say that a consumer's income elasticity of demand over the relevant range is equal to 2 . When she has a monthly income of 2,000, she spends 600 on food. If her monthly income rose to 4,000, how much would she spend on food?
 a. 900.
 b. 1200.
  c. 1800.
  d. 2400.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


appyboo

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
:D TYSM

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Everyone has one nostril that is larger than the other.

Language Access Services Language Access Services
Sample of an informed consent to perform an operation, sedation, anesthesia, and other medical servi Sample of an informed consent to perform an operation, sedation, anesthesia, and other medical servi
The number of words correctly completed in the New York Times crossword puzzle increases with age ... The number of words correctly completed in the New York Times crossword puzzle increases with age ...
Spirituality increases with age, but there are different patterns for the two genders. Both genders ... Spirituality increases with age, but there are different patterns for the two genders. Both genders ...
The areas in which reading-associated increases in activity were observed in the fMRI study of ... The areas in which reading-associated increases in activity were observed in the fMRI study of ...
Effect of Productivity Improvement in the Malthusian Model Effect of Productivity Improvement in the Malthusian Model
Video: Import of Dietary Glucose from Intestines to Bloodstream

For a complete list of videos, visit our video library