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Economics Homework Five Answers - Student Fourteen (view source)
Revision as of 01:10, March 9, 2011
, 01:10, March 9, 2011no edit summary
1.) Efficiency is when minimal effort > minimal return. In other words, you always receive the most from your effort.
1.) [[Efficiency]] is when minimal effort > minimal return. In other words, you always receive the most from your effort.
2.) A and B are compliments because their cross elasticity is negative. X and Y are substitutes because their cross elasticity is positive.
2.) A and B are compliments because their cross elasticity is negative. X and Y are substitutes because their cross elasticity is positive.