Author Question: An economist estimated the cross-price elasticity for peanut butter and jelly to be +1.5 . Based on ... (Read 181 times)

bio_gurl · **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