Author Question: Transfer earning is the minimum amount that has to be paid to a factor to allocate it in its next ... (Read 54 times)

penza

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Transfer earning is the minimum amount that has to be paid to a factor to allocate it in its next best alternative use.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A horizontal demand curve shows that demand for a good is _____.
 a. perfectly inelastic
 b. moderately inelastic
  c. unit-elastic
 d. moderately elastic
 e. perfectly elastic



Melissahxx

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Answer to Question 1

True

Answer to Question 2

e



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