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Author Question: An economist estimated the cross-price elasticity for peanut butter and jelly to be +1.5 . Based on ... (Read 154 times)

bio_gurl

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on: Jul 1, 2018
An economist estimated the cross-price elasticity for peanut butter and jelly to be +1.5 . Based on this information, we know the goods are
 a. inferior goods.
  b. complements.
  c. inelastic.
  d. substitutes.

Question 2

The level of an economic activity should be increased to the point where the ____ is zero.
 a. marginal cost
  b. average cost
  c. net marginal cost
  d. net marginal benefit
  e. none of the above


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mrphibs

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

d


bio_gurl

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

6ana001

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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