Resource Allocation for Firms
Anita gets a new job and her salary doubles. As a result,
she moves to a bigger apartment in a trendy part of town.
Her new apartment, as a result of her increase in
salary, can be categorized as which of the following
two types of goods?
Giffen and Inferior
Giffen and Normal
Veblen and Inferior
Veblen and Normal
Types of Goods
Bob opens a new diner and has to make many decisions
about the resources he is going to employ.
Which of the following combinations is NOT correct?