Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
DoveNinja763537 DoveNinja763537
wrote...
Posts: 136
Rep: 0 0
A year ago
Suppose that over a 12-month period, Sonali's income (Y) rises from $27 000 to $35 000 per year and, as a result, her spending on travel (T) increases from $1500 to $2500 per year. Assume there is a linear relation between the two variables, Y and T. What is the marginal response in T to a change in Y?

▸ 8

▸ 4

▸ 0

▸ 0.125

▸ 0.25
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 30 times
1 Reply
Replies
Answer verified by a subject expert
Gab27Gab27
wrote...
Posts: 120
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wrote...

A year ago
Thanks
wrote...

Yesterday
Just got PERFECT on my quiz
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  937 People Browsing
Related Images
  
 67
  
 623
  
 1528
Your Opinion
Who's your favorite biologist?
Votes: 585

Previous poll results: What's your favorite math subject?