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Author Question: Transfer earning is the minimum amount that has to be paid to a factor to allocate it in its next ... (Read 59 times)

penza

  • Hero Member
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on: Jun 30, 2018
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

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

True

Answer to Question 2

e


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