Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4According to Figure 2.4, the optimal point for the economy is

If the cross elasticity of demand between Coke and Pepsi is 2.02, then Coke and Pepsi are

A) complements. B) substitutes. C) normal goods. D) inferior goods. E) Both answers B and C are correct.

In which of the following economic activities do we commonly find a proprietor acting as a supervisor, a provider of capital, and a residual claimant?

a. A multinational bank b. An oil exploration company c. A small medical store d. An aircraft manufacturer