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Author Question: Labor force participation is similar for males ages 25-64 with different levels of education ... (Read 49 times)

wrbasek0

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on: Jul 1, 2018
Labor force participation is similar for males ages 25-64 with different levels of education completed.
 
  Indicate whether the statement is true or false

Question 2

Which of the following statements about the optimal solution to the consumer problem based on the Cobb-Douglas utility function is NOT true?
 
  A) The cross-price elasticities of demand are zero.
  B) Both goods have downward sloping demand curves.
  C) Both goods are normal goods.
  D) The marginal utility of income may be negative.


shaikhs

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

F

Answer to Question 2

D


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