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- 2017-04-14 发布于四川
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Managerial Economics
HOMEWORK SET#2
Name:
Class:
Student #:
(Due day: Next class)
Part 1:
1. The price of good A goes up. As a result the demand for good B shifts to the left. From this we can infer that:
a. good A is a normal good.
b. good B is an inferior good.
c. goods A and B are substitutes.
d. goods A and B are complements.
e. none of the above.
Choose: d) the definition os complements
2. Joes budget line is 15F + 45C = 900. When Joe chooses his most preferred market basket, he buys 10 units of C. therefore, he also buys :
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