Jen considers smoking an inferior good. In other words, for Jen ...

[Brittanyd9008]

Jen considers smoking an inferior good. In other words, for Jen to quit smoking, she would require a significant increase in income.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A firm experiencing economic losses could be earning accounting profits:
 a. If implicit costs are greater than zero.
  b. If implicit costs are equal to zero.
 c. If implicit costs are less than zero.
 d. In none of the above scenarios.

[Sassygurl126]

Answer to Question 1

True

Answer to Question 2

a