Microeconomics

Replies / Views	Last post
Explain why a tax increase on cigarettes in one state might not lead to a substantial price increase ... Started by jho37	1 Replies 13 Views	Jul 1, 2018 by ricroger
Suppose the market for grass seed is expressed as Demand: QD = 100 - 2p Supply: QS = 3p Price ... Started by anshika	3 Replies 65 Views	Jul 1, 2018 by nickk12214
An indifference curve represents bundles of goods that a consumer A) views as equally desirable. ... Started by Lobcity	1 Replies 78 Views	Jul 1, 2018 by Sweetkitty24130
If a consumer prefers Apples to Bananas and prefers Bananas to Citrus Fruit, in order to satisfy ... Started by captainjonesify	1 Replies 100 Views	Jul 1, 2018 by bhavsar
If two indifference curves were to intersect at a point, this would violate the assumption of A) ... Started by Redwolflake15	1 Replies 76 Views	Jul 1, 2018 by meow1234
A consumer's willingness to trade one good for another can be expressed by the consumer's A) ... Started by haleyc112	1 Replies 67 Views	Jul 1, 2018 by 31809pancho
Measuring y on the vertical axis and x on the horizontal axis, convexity of indifference curves ... Started by vicotolentino	1 Replies 58 Views	Jul 1, 2018 by Bsand8
If two goods are perfect substitutes, then the indifference curves for those two goods would be ... Started by skymedlock	1 Replies 88 Views	Jul 1, 2018 by akemokai
The statement There is no accounting for taste implies A) individuals all have the same ... Started by Tazate	1 Replies 16 Views	Jul 1, 2018 by iman
Indifference curves that are upward-sloping violate A) the assumption of transitivity. B) the ... Started by jilianpiloj	3 Replies 57 Views	Jul 1, 2018 by Natalie4ever
Indifference curves for perfect substitutes must be parallel lines with a slope of negative one. ... Started by chandani	1 Replies 112 Views	Jul 1, 2018 by yuyiding
Lisa views pizzas and burritos as goods. If she prefers a bundle of 4 burritos and 4 pizzas to a ... Started by xclash	1 Replies 49 Views	Jul 1, 2018 by raenoj
Utility is the set of numerical values that A) yields an absolute level of pleasure from a bundle ... Started by haleyc112	1 Replies 112 Views	Jul 1, 2018 by xoxo123
If Fred's marginal utility of pizza equals 10 and his marginal utility of salad equals 2, then A) ... Started by Tirant22	1 Replies 98 Views	Jul 1, 2018 by princessflame2016
Adrian's total utilities of two consumption bundles are 50 and 100. This implies that A) the ... Started by Deast7027	1 Replies 51 Views	Jul 1, 2018 by bfulkerson77
Clifford lives by the motto Eat, drink and be merry today, for tomorrow doesn't matter. If today's ... Started by Yolanda	1 Replies 102 Views	Jul 1, 2018 by lolol
Some people view cosmetic surgery (c) and facials (f) as perfect substitutes as measured by the ... Started by Awilson837	1 Replies 20 Views	Jul 1, 2018 by jjorrostieta
If the utility function (U) between bananas (B) and jam (J) can be represented as U(B,J) = ... Started by haleyc112	1 Replies 146 Views	Jul 1, 2018 by ecabral0
What is the difference between ordinal and cardinal measurement? What will be an ideal ... Started by deesands	1 Replies 27 Views	Jul 1, 2018 by cclemon1
Joe's budget constraint equals 500 = 2F + 100S, where 500 is Joe's income, 2 is the price of food ... Started by Bernana	1 Replies 88 Views	Jul 1, 2018 by asdfasdf
The marginal rate of transformation of y for x represents A) the slope of the budget constraint. ... Started by newyorker26	1 Replies 28 Views	Jul 1, 2018 by robbielu01
If the price of one good increases while the price of the other good and the consumer's income ... Started by ahriuashd	1 Replies 59 Views	Jul 1, 2018 by zoeyesther
If the consumer's income increases while the prices of both goods remain unchanged, what will happen ... Started by SAVANNAHHOOPER23	1 Replies 39 Views	Jul 1, 2018 by HandsomeMarc
A consumer buys food (F) and shelter (S). If the consumer's income rises and there is no change in ... Started by torybrooks	1 Replies 59 Views	Jul 1, 2018 by zhanghao
If both prices decreases by 50, A) budget constraint will be unchanged. B) slope of the budget ... Started by karateprodigy	3 Replies 22 Views	Jul 1, 2018 by dantucker