« previous next »

Author Question: Given the above equation, the income elasticity of demand for noodles is _____. a. 5 b. 0.5 c. 2 ... (Read 22 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
Given the above equation, the income elasticity of demand for noodles is _____.
 a. 5
  b. 0.5
  c. 2
  d. 2.5
  e. 1.6

Question 2

In the short run, all costs are variable.
 a. True
  b. False
  Indicate whether the statement is true or false


lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

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.

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?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Anaerobic glycolysis Chemical Equation Anaerobic glycolysis Chemical Equation
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Health and Income per Capita: Two Views Health and Income per Capita: Two Views
Variable and absorption costing, explaining operating-income differences. Variable and absorption costing, explaining operating-income differences.
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Ear Animation

For a complete list of videos, visit our video library