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

Author Question: If two commodities are complements then: a. the cross-price elasticity will be zero. b. the ... (Read 57 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
If two commodities are complements then:
 a. the cross-price elasticity will be zero.
  b. the cross-price elasticity will be one.
  c. the cross-price elasticity will be negative.
  d. the cross-price elasticity will be positive.

Question 2

The entry of new firms into a market stops when:
 a. the accounting profit of existing firms falls to zero.
  b. the general price level in the economy rises.
  c. the rate of interest in the economy declines.
  d. the economic profit of existing firms falls to zero.
  e. the corporate taxes are relaxed.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

C

Answer to Question 2

d




armygirl

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

For a complete list of videos, visit our video library