Author Question: Which of the following are motivations for those seeking redistributive transfers? a. The ... (Read 46 times)

tiara099

  • Hero Member
  • *****
  • Posts: 588
Which of the following are motivations for those seeking redistributive transfers?
 
  a. The creation of more income equality.
  b. To help out those who are less fortunate
  c. To create a more just economic system.
  d. a and b
  e. all of the above

Question 2

Justin's bank employs tellers and ATMs. Both are able to serve clients in the exact same way and therefore are perfect substitutes. Describe the elasticity of substitution between the two inputs.
 
  What will be an ideal response?



shayla

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

d

Answer to Question 2

The elasticity is infinite. The firm is able to freely substitute the goods since they are perfect substitutes (without altering the MRTS).



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

For a complete list of videos, visit our video library