« previous next »

Author Question: If two goods are substitutes, the cross-price elasticity of demand must be A) negative. B) ... (Read 72 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
If two goods are substitutes, the cross-price elasticity of demand must be
 
  A) negative.
  B) positive.
  C) zero.
  D) infinite.

Question 2

In a competitive labor market, with one variable factor, the supply of labor to the firm is
 
  A) equal to the marginal expenditure curve.
  B) equal to the demand curve for labor.
  C) greater than the marginal expenditure curve.
  D) equal to the marginal revenue product curve.


verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Cross-sectional anatomy of the spine Cross-sectional anatomy of the spine
Example of Index entry for an anatomic site with a cross-reference. Example of Index entry for an anatomic site with a cross-reference.
Cross section of the wrist showing tendons and nerves involved in carpal tunnel syndrome. Cross section of the wrist showing tendons and nerves involved in carpal tunnel syndrome.
A latex agglutination test for rheumatoid factor. A positive control at 1. A negative control at 2. ... A latex agglutination test for rheumatoid factor. A positive control at 1. A negative control at 2. ...
The photo is a cross-section of thickened human skin The photo is a cross-section of thickened human skin
Cross-regulatory interactions between bithorax complex genes Cross-regulatory interactions between bithorax complex genes
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library