--%>
Assignment Help - homework help

Illustration of complementary goods

Prices cross elasticity of demand of two between cable TV and VCRs entails that such goods are: (1) complementary goods. (2) substitute goods. (3) negatively associated goods. (4) a luxury and a need, respectively. (5) both inferior goods.

Hello guys I want your advice. Please recommend some views for above economics problems.

   Related Questions in Microeconomics

  • Q : Total costs from maximizes profit If

    If this firm maximizes its profit as in given graph, then its total costs equal: (w) $75,000 per month. (x) $90,000 per month. (y) $15,000 per month. (z) $105,000 per month.

    Q : Relationship between MPP and TPP If MPP

    If MPP is zero, what can you state regarding TPP? Answer: TPP is at its maximum.

    		•
  • Q : Price ceiling set below equilibrium A

    A price ceiling set below equilibrium will raise the: (w) quantity supplied. (x) good’s opportunity cost to buyers. (y) sellers’ profits. (z) rate of excess supply. How can I solve my economics

    		•
  • Q : What is an Indifference curve

    Indifference curve: It is the combination of two goods that provides consumer similar level of satisfaction.

    		•
  • Q : Define Calendar Anomaly Calendar

    Calendar Anomaly: Calendar anomalies can be defined as any irregularity or consistent pattern occurring at a regular interval or at a specific time in calendar year. Presence of these anomalies in a calendar year is the biggest threat to the concept o

    		•
  • Q : Supply curves toward right from

    Technological progress shift: (i) Demand curves up and to right. (ii) Production possibilities curve in the direction of their origins. (iii) Prices into inflationary spiral. (iv) Supply curves rightward from vertical axis. Can som

    		•
  • Q : Essentially occurrence of profit

    Profit maximization does not essentially occur when a firm: (w) maximizes TR - TC. (x) minimizes total cost. (y) sets MR = MC and P > min.(AVC). (z) maximizes (P x Q) - (Q x ATC). Hey friends please give your op

    		•
  • Q : Profit-maximizing pure competitor at

    The break-even point as illustrated below for that profit-maximizing pure competitor happens at the price consequent to: (w) point f. (x) point h. (y) point j. (z) point k.

    Q : Computations of price elasticity of

    The price elasticity of demand in given figure below for DVD games among prices of $30 and $40 is roughly: (w) 3/7. (x) 7/3. (y) 1/21. (z) 21.

    Q : Functional Distribution of Income

    Computing the relative shares of national income accounted for by wages, interest, rent, and profit, yields, respectively measures called the: (1) market distribution of income. (2) functional distribution of income. (3) objective distribution of inco

    		•