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12 Nov 2018
54. The percentage change in quantity demanded divided by thepercentage change in income, all other things unchanged, is: a)price elasticity of demand. b) quantity elasticity of demand. c)income elasticity of demand. d) cross price elasticity ofdemand.
74. Supply curves tend to be more ____ the greater the time periodfacing the producer.
a) pirce inelastic. b) price elastic. c) steeply slooped. d)inflexible.
75. Economists assume that consumers seek to maximize:
a) usefulness. b) profit. c) utility d) time.
90. the costs economists use in the concept of economic profit are:d??
a) accounting costs. b) strictly dollar costs, not opportunitycosts. c) opportunity costs, or the value of the best opportunityforgone. D) both a and c.
Thanks :)
54. The percentage change in quantity demanded divided by thepercentage change in income, all other things unchanged, is: a)price elasticity of demand. b) quantity elasticity of demand. c)income elasticity of demand. d) cross price elasticity ofdemand.
74. Supply curves tend to be more ____ the greater the time periodfacing the producer.
a) pirce inelastic. b) price elastic. c) steeply slooped. d)inflexible.
75. Economists assume that consumers seek to maximize:
a) usefulness. b) profit. c) utility d) time.
90. the costs economists use in the concept of economic profit are:d??
a) accounting costs. b) strictly dollar costs, not opportunitycosts. c) opportunity costs, or the value of the best opportunityforgone. D) both a and c.
Thanks :)
Hubert KochLv2
14 Nov 2018
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