# Answer to Question #9137 in Economics of Enterprise for Arpita Ghosh

Question #9137

When the price of good X falls from the demand for good Y

increase from 20 Kg. to 25 Kg.

a) What is the cross elasticity of demand of good Y for good X?

b) Are goods X and Y compliments or substitutes?

06

Given the production function:

Q = 100 + P – 0.01P2 + 2N – 0.03N2

Determine the marginal rate of technical substitution

increase from 20 Kg. to 25 Kg.

a) What is the cross elasticity of demand of good Y for good X?

b) Are goods X and Y compliments or substitutes?

06

Given the production function:

Q = 100 + P – 0.01P2 + 2N – 0.03N2

Determine the marginal rate of technical substitution

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