Suppose the production function faced by the firm is Q = A1/3 B1/3.If the firm increases the use of both inputs by 1 percent, output will increase by

Income elasticity is used to determine whether a product is a normal or inferior good

Indicate whether the statement is true or false

Exhibit 36-2 Stock High Low Close Net chg. Dasher 17.25 16.75 17.00 (A) Dancer 34.85 34.25 (B) +0.25 Prancer 56.50 55.90 56.00 (C) Vixen 65.90 (D) 64.75 -0.75 Refer to Exhibit 36-2.  If the closing price of Dasher's stock on the previous day was $17.50, what value goes in blank (A)?

A. -0.50 B. +0.50 C. -0.25 D. -0.75 E. There is not enough information given to answer this question.