« previous next »

Author Question: A measure of the responsiveness of quantity supplied to changes in price is known as _____. a. ... (Read 86 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
A measure of the responsiveness of quantity supplied to changes in price is known as _____.
 a. cross-price elasticity
  b. price elasticity of demand
  c. price elasticity of supply
  d. income elasticity
  e. point elasticity

Question 2

Total cost equals total variable cost plus marginal cost.
 a. True
  b. False
  Indicate whether the statement is true or false


xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

pane00

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jun 30, 2018
Thank you


xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

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.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Types of Problems Used to Measure Intelligence Types of Problems Used to Measure Intelligence
Mensuration: A goniometer is used to measure the range of motion of a joint. Mensuration: A goniometer is used to measure the range of motion of a joint.
Performing a Spirometry Test to Measure Forced Vital Capacity Performing a Spirometry Test to Measure Forced Vital Capacity
Performing a Spirometry Test to Measure Forced Vital Capacity Performing a Spirometry Test to Measure Forced Vital Capacity
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Find the measure of angle L to the nearest degree Find the measure of angle L to the nearest degree
Video: Physiology of Asthma

For a complete list of videos, visit our video library