Author Question: As a consumer moves rightward along an indifference curve, the A) consumer remains indifferent ... (Read 115 times)

stock

  • Hero Member
  • *****
  • Posts: 573
As a consumer moves rightward along an indifference curve, the
 
  A) consumer remains indifferent among the different combinations of goods.
  B) consumer generally prefers the combinations of goods farther rightward along the indifference curve.
  C) income required to buy the combinations of the goods always increases.
  D) relative price of both goods falls.

Question 2

In which of the following situations is there most likely to be a monopsony?
 
  A) the market for farm workers in a large rural area
  B) the market for advertising executives in New York City
  C) the market for accountants in New York City
  D) the market for NBA players drafted out of college by one NBA team



ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

For a complete list of videos, visit our video library