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

Author Question: Which of the following commodities can be considered as an inferior good? a. Dwelling in a small ... (Read 78 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jun 30, 2018
Which of the following commodities can be considered as an inferior good?
 a. Dwelling in a small apartment located in a suburb
  b. Washing clothes in a washer at home
  c. Eating out at an upscale restaurant
  d. Spending vacations at exotic locations

Question 2

When a firm incurs negative economic profit, it should:
 a. hire more laborers to make the business activity profitable.
  b. transfer the resources from its current use to other alternative uses.
  c. purchase additional raw materials to produce more output.
  d. transfer additional resources from other alternative uses to the current activity.
  e. continue to operate with the same resources.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gcook

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

b


JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

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.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

a pocket mouse, Perognathus sp., a small granivor a pocket mouse, Perognathus sp., a small granivor
What makes tea so good What makes tea so good
Kneeling on one knee to keep good alignment when massaging the arms and hands. Kneeling on one knee to keep good alignment when massaging the arms and hands.
Using small, circular strokes, exfoliate the client’s neck and back. Using small, circular strokes, exfoliate the client’s neck and back.
A very small sampling of organisms in an arctic food web on land. A very small sampling of organisms in an arctic food web on land.
Video: Epidural Hematoma

For a complete list of videos, visit our video library