This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Scenario 7.3. Which of the following combinations of inputs is on the isoquant to produce ... (Read 97 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
on: Jul 1, 2018
Refer to Scenario 7.3. Which of the following combinations of inputs is on the isoquant to produce 400 units of output?
 
  A) L = 0, K = 400
  B) L = 400, K = 0
  C) L = 100, K = 100
  D) all of the above
  E) A and B, but not C

Question 2

Which of the following actions may be explained by the law of small numbers?
 
  A) People buy lottery tickets.
  B) People buy air travel insurance.
  C) People purchase extended or long-term warranties or maintenance contracts for new automobiles and appliances.
  D) all of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fauacakatahaias

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


mikaylakyoung

  • Member
  • Posts: 531
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Organic approaches and the reduction of inputs and pollution Organic approaches and the reduction of inputs and pollution
finding resultant for the following force combinations finding resultant for the following force combinations
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Chromosome Combinations Chromosome Combinations
opener E. coli have been genetically engineered to produce lycopene opener E. coli have been genetically engineered to produce lycopene
Video: Protein digestion - stomach & small intestine

For a complete list of videos, visit our video library