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

Author Question: If the income elasticity of food is 0.72, then food is A) a necessity and a normal good. B) a ... (Read 798 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
If the income elasticity of food is 0.72, then food is
 
  A) a necessity and a normal good.
  B) a normal good.
  C) a necessity.
  D) an inferior good.

Question 2

The above figure shows the isoquants for producing steel. When producing between 10,000 and 20,000 tons there are
 
  A) increasing returns to scale.
  B) decreasing returns to scale.
  C) constant returns to scale.
  D) economies of scale.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


AEWBW

  • Member
  • Posts: 579
Reply 2 on: Jul 1, 2018
:D TYSM

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Normal defese mechanisms against infection Normal defese mechanisms against infection
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
Food delivery Food delivery
Comparing a Food Chain and a Food Web Comparing a Food Chain and a Food Web
Prevalence of good health in Canadians aged 65 years and older Prevalence of good health in Canadians aged 65 years and older
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library