Suggest the appropriate functional forms for the relationships between the following variables, and explain your reasoning, keep

Question

2 years ago

8

Suggest the appropriate functional forms for the relationships between the following variables, and explain your reasoning, keep

ing in mind the economic theory behind the various relationships:
a. The number of books a person owns as a function of the person's income
b. The amount of money a person spends on books as a function of the person's income
c. The price of a car as a function of the year it was made
d. The price of a pound of chicken as a function of the price of a pound of beef

Business

1 answer:

Evgesh-ka [11] · Answer 1 · 2022-09-29T18:12:44+03:00

Evgesh-ka [11]2 years ago

5 0

Answer:

B is you answer

Explanation: