Which of the following is the formula for the elasticity of Y with respect to X?
A. E = (percent change in Y)/( percent change in X)
B. E = (percent change in X)/(percent change in Y)
C. E = (change in Y)/(change in X)
D. E = (change in X)/(change in Y)
A. E = (percent change in Y)/( percent change in X)
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A technological improvement in the production of tablets would
A) increase the demand for tablets. B) increase the supply of tablets. C) decrease the demand for tablets. D) decrease the supply of tablets.
A "false positive" is
a. When you incorrectly conclude that your hypothesis is true b. When you incorrectly conclude that your hypothesis is false c. When you correctly conclude that your hypothesis is true d. When you correctly conclude that your hypothesis is false
If cable TV service and satellite TV service are substitutes,
What will be an ideal response?
A business produces eight items and sells them for $25 each. The total cost of producing the items is $190 for explicit costs and $200 for implicit costs. Accounting profit is:
A. $20. B. $200. C. ?$190. D. $10.