This topic contains a solution. Click here to go to the answer

Author Question: Refer to Scenario 7.3. Which of the following combinations of inputs is on the isoquant to produce ... (Read 82 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
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
Answer to Question 1

C

Answer to Question 2

D




mikaylakyoung

  • Member
  • Posts: 531
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

For a complete list of videos, visit our video library