The cross-price elasticity between baseballs and tennis balls is ...

[mckennatimberlake]

The cross-price elasticity between baseballs and tennis balls is likely to be a large positive number.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

An example of an implicit cost of production is:
 a. the cost of raw materials used to produce bread in a bakery.
 b. the cost of labor in a factory that assembles DVD players.
 c. the income an entrepreneur could have earned working for someone else.
  d. all of the above.

[LVPMS]

Answer to Question 1

False

Answer to Question 2

c