When Matt has an income of $2,000 . he consumes 30 units of good A and 50 units of good B. After Matt's income increases to $3,000 . he consumes 25 units of good A and 95 units of good B. Which of the following statements is correct?
a. Both goods A and B are normal goods.
b. Both goods A and B are inferior goods.
c. Good A is a normal good, and good B is an inferior good.
d. Good A is an inferior good, and good B is a normal good.
d
Economics
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Of the following high-income countries, which has the highest female life expectancy at age 65?
A) Canada B) Japan C) the United Kingdom D) the United States
Economics
Diseconomies of scale start between:
The following schedule gives the cost data for a firm:
A. 0 and 10 units of output
B. 40 and 50 units of output
C. 20 and 30 units of output
D. 30 and 40 units of output
Economics